Friday, August 26, 2005

Two new projects hope to bring life to Bayview area

The Examiner today has an article on a proposed 341-unit condominum complex on the site of the now-defunct Coca-Cola factory at 5800 3rd Street.

"The project is meant to be family-oriented, said Bob Kagan, senior vice president of developer Levin Menzies & Associates, with one- to three-bedroom apartments and townhouses and play areas for kids. He said the prices will start at around $500,000 to be affordable for young families. The company plans to offer financial assistance to business owners who wanted to move into the retail space, perhaps opening a café or restaurant."

"The project is expected to go to the Planning Commission for approval Thursday."

The light rail on 3rd Street is supposed to open "next year," but that will create many new opportunities for developers to create housing along that corridor. And with such good transportation, it can be a viable option for people without cars.

The second project is just down the street... "It's on the heels of another large project just two blocks away, approved two months ago. Armstrong Place is an entirely affordable project, with 256 for-sale and rental units — half for seniors — that nonprofit BRIDGE Housing plans to build at 5600 Third St."

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