"Michael Cohen of Strada Investment Group is proposing 145 for-sale townhomes on an 11-acre property at 2100 Geng Road, replacing four office buildings and surface parking. The townhomes would have three or four bedrooms each, in 65 three-story buildings. Board members Kendra Rosenberg, Mousam Adcock and David Hirsch yesterday suggested Cohen replace some of the townhomes with an apartment building to make the development more diverse."
"But Cohen said operating apartments would be difficult operationally, financially and from a construction perspective. He said his company has done similar projects in other cities east of Highway 101, including one-story stacked flats in San Mateo that were built with seniors in mind. 'It was frankly the most difficult product to sell,' he said. Cohen said he wanted to keep the height to three stories because the development is next to the Baylands."
Strada Investment Group proposes 145 for-sale townhomes on an 11-acre site at 2100 Geng Road, replacing four office buildings and surface parking. The plan calls for 65 three-story buildings with three- or four-bedroom units. Architectural reviewers recommended adding an apartment building with one- and two-bedroom units to improve affordability and diversity, and suggested single-floor units for aging residents. The developer cited operational, financial and construction challenges, noted difficulty selling similar senior-oriented stacked flats, and identified floodplain conditions that prevent underground parking. Plans include raising the property three feet and installing retaining walls.
Read at Padailypost
Unable to calculate read time
Collection
[
|
...
]