 |
| Alice Street Apartments, 250 17th Street, Lakeside Neighborhood, Oakland, CA |
(Rendering by Kotas Pantaleoni Architects)
 |
| Colby Mueck |
HOUSTON, TX – December 20,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $21.2 million in financing for Alice
Street Apartments, a 74-unit, Class A, transit-oriented multi-housing
development in Oakland, California.
HFF worked exclusively on
behalf of the borrower, a joint venture between SIMEON and Lionstone
Investments, to secure the non-recourse construction loan.
Alice Street Apartments is
currently being constructed on a 0.41-acre site at 250 17th Street in Oakland’s
upscale Lakeside neighborhood.
The
transit-oriented site has a WalkScore© of 99 and is convenient to the 19th
Street BART station, Interstates 880 and 980, Amtrak and ferry service,
connecting residents to major employment centers in downtown Oakland, San
Francisco, Emeryville and Silicon Valley.
With Lake Merritt and Broadway Street within a
few blocks, the live-work-play property will also provide residents with access
to numerous dining, nightlife and recreational options.
The six-story property is
due for completion in 2018 and will encompass 74 studio, one- and two-bedroom
units averaging 788 square feet each.
Community amenities will include a secured, ground-level parking garage;
electric vehicle charging stations; bicycle parking and repair; fitness center;
private decks; common roof deck recreational space; and meeting space.
The HFF debt placement
team representing the borrower was led by managing director Colby Mueck and associate director Brandon Roth.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
No comments:
Post a Comment