LOS ANGELES & UNION CITY, Calif.--(BUSINESS WIRE)--CityView, a premier investment management and development firm focused on urban multifamily real estate in the Western United States, announced today that it has acquired the land for its new multifamily housing project in Union City, Calif. CityView is providing equity capital to partner with San Francisco-based Windflower Properties in the project’s development. The project is fully entitled.
“Union City is an ideal market for us given its proximity to jobs, transportation and shopping,” said Sean Burton, chief executive officer of CityView. “In the last 15 years, just one other residential housing project has been built in the area, so we expect to see strong demand for these units once construction is completed.”
Situated at 34588 11th Street, the finished development will feature 243 residential units, 2,400 square feet of retail space, a pool, yoga room, fitness studio and outdoor barbeque area. The site is walking distance to a major shopping center and is adjacent to the Union City BART station, giving residents easy transportation to jobs in both San Francisco and Silicon Valley.
“CityView’s ability to navigate complex development issues makes the firm an ideal partner for this project,” said V. Fei Tsen, president of Windflower Properties. “CityView has a great depth of experience working with city leaders to develop multifamily housing with good proximity to transportation, jobs and services. We appreciate the firm’s support on this project and look forward to making units available to the community.”
“We are pleased to have partnered with Windflower on the development of this project and look forward to working on this together,” said Tony Cardoza, managing director of CityView. “Windflower has done an excellent job identifying the site and working in concert with Union City officials to address their needs throughout the entitlement process.”
Groundbreaking on the Union City project is slated for the first quarter of this year, with completion expected by the second quarter of 2017. The project has been designed by David Baker Architects, which specializes in urban environments.
About CityView
CityView is a premier developer and investment management firm focused on urban residential real estate in the Western United States. CityView targets multifamily housing ventures in metropolitan markets which are often overlooked due to the complexity of the transaction and other development challenges. At the center of the firm’s success is its strong professional team which possesses unparalleled expertise in real estate, development operations and finance. CityView’s investors include some of the largest and most sophisticated public pension plans and financial institutions in the country.
CityView was founded in 2003 and is headquartered in Los Angeles. The firm has regional offices in San Francisco and San Antonio, Texas. For more information, please see www.cityview.com.
About Windflower Properties
Windflower Properties is a privately held real estate development company that builds mixed use, multi-family residential properties on infill sites, close to urban centers and transit. The firm combines a passion for good design, attention to detail, and a belief in socially responsible practices. It focuses exclusively on the San Francisco Bay Area, where its extensive relationships with government, community and policy leaders and its knowledge of the nuances of the local real estate market give it the ability to identify unusual opportunities and to tackle complex entitlements to create value. A hallmark of its practice is engaging private public partnerships with sophisticated financing structures to promote public objectives whether that be the conversion of formerly industrial land to more productive uses, the development of walkable, transit-oriented communities, or affordable housing.