What's Next?: Eden's Development Pipeline

The summer of 2019 was quite groundbreaking at Eden Housing. As California’s housing shortage continues, Eden continues to rapidly grow and provide affordable homes for residents throughout the state. Over the past three months, Eden worked in collaboration with partners to celebrate groundbreaking ceremonies for two properties in Alameda and Fremont. Images from the Groundbreaking of Alameda Point Senior Apartments and the “Final Pour” of Warm Springs Village are on Eden’s Facebook page. 

Alameda Point Senior Apartments (pictured above in July 2019) will bring 60 new affordable homes to seniors at the site of the former Naval Air Station Alameda. Thirty units will serve people experiencing homelessness, and 28 of these units will serve veterans exiting homelessness.
 
“What could be more fitting than providing homes at the former naval air station for those who served our country?” asked Alameda Mayor Marilyn Ashcraft during the groundbreaking celebration on July 11. 
 
Eden is especially thankful for funders and partners: Housing Authority of the City of Alameda, Alameda Point Partners, City of Alameda, Alameda County HCD, CA HCD, Federal Home Loan Bank of San Francisco.
 
Louis Liss, Project Developer for Alameda Point Senior, shared “We couldn't have a better team working on Alameda Point Senior. The City of Alameda has been a dream to work with, and we are lucky to be on the Alameda Point Partners team. We can't wait for residents to start moving in next year.”
 
After three months of laying the foundation at Warm Springs Village, Eden celebrated the “Final Pour” on September 6 (pictured above: Raj Salwan, Vice Mayor, City of Fremont; Andy Madeira, Senior Vice President of Real Estate Development, Eden Housing; Lily Mei, Mayor, City of Fremont; Tom Blalock, Former President, BART Board of Directors; Jeff Bennett, Senior Vice President, Wells Fargo Bank).
 
“Today marks the culmination of more than two years of collaborative partnerships between the City [of Fremont], Eden Housing, Toll Brothers… Wells Fargo, and CCRC. This $82 million project would not have been possible without these strategic and valuable partnerships,” said Fremont Mayor Lily Mei during the “Final Pour” program.
 
Located directly across Warm Springs Boulevard from BART’s newest station, the to be named project will consist of 132 rental apartment homes for families in two buildings. Each building will utilize a Puzzle Parking Lift System by CityLift to fit 155 cars in a space that would typically only fit 57. This project would not have been possible without the support of funders and partners: Wells Fargo, Toll Brothers, and CCRC.
 
This transit-oriented development is the result of former BART President, Tom Blalock’s advocacy for a BART station in Fremont. The street the project sits on is named after Blalock.
 
As Project Developer Teddy Newmyer said, “Tom Blalock was key in getting the Warm Springs BART station created, which made this master plan possible.”
 
While that is merely a peek into the pipeline, Eden has many projects underway in various stages.
 
Projects in Construction - Construction period financing has closed, and Eden is building the project:
  • Alameda Senior (new construction), Alameda
  • Warm Springs Phase I & Phase II (new construction), Fremont
  • Faith Tennyson (renovation of existing housing), Hayward
  • Charles + Cypress (renovation of existing housing), Marina
There are 26 projects in pre-development, totaling 2,267 units. These projects may take anywhere from 12 months to five years to reach the development stage.

 

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