East End Gateway Sites 2 & 3
Development Description: The proposed project includes 84 market rate one and two bedroom apartment units, ground floor retail/commercial space and 93 parking spaces.
Status: CADA and the Developer have closed on the site in December of 2011 and construction is now underway.
Location: SW and NW corner of 16th and O Streets
Developer: Ravel Rasmussen Properties and Separovich/Domich Real Estate
Architect: Stantec Architecture
General Contractor: West Fork Construction, Inc.
Building Design: The Spanish Colonial Revival architecture shares many elements with the very closely-related Mission Revival and is characterized by a combination of detail from several eras of Spanish and Mexican architecture, the style is marked by the use of smooth stucco walls, clay tile roofs, small porches, semi-circular arcades and decorative iron trim.
Unit Count and Projected Rents:
| Unit Type | # Units | Sq. Ft. | Monthly Rent | Rent/Sq. Ft. | ||
| 1BR/1BA: | 4 | 702 | $1,544 | $2.20 | ||
| 1BR/1BA w/ Balcony | 15 | 702 | $1,558 | $2.22 | ||
| 1BR/1BA: | 12 | 720 | $1,584 | $2.20 | ||
| 1BR/1BA: | 29 | 780 | $1,716 | $2.20 | ||
| 2BR/2BA w/ Balcony | 3 | 972 | $1,944 | $2.00 | ||
| 2BR/2BA | 21 | 1,080 | $2,160 | $2.00 | ||
| Total Residential | 84 |
Area: 1.1 acres (50,849 square feet)
Retail Space: Approximately 13,000 square feet oriented along 16th Street.
Parking: Approximately 93 spaces to meet the needs of residents and retail customers
Estimated Development Costs: $25,838,000
Projected Construction Period: December 2011 to Summer 2013
Upcoming Milestones:
Close on the site and start construction – December 2, 2011
End construction – Summer 2013
For leasing information, please contact Courtney Mitchell at FPI Management, Inc. 916-442-RENT (7368)
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