San Francisco Mayor Daniel Lurie on Wednesday introduced legislation to advance Freedom West 2.0, a long-planned project in the Western Addition neighborhood that could bring nearly 2,400 new homes to the neighborhood, with more than 17% expected to be affordable.
The first phase will deliver 115 units of affordable senior housing and a rebuilt Freedom West Cooperative, with groundbreaking anticipated in the first half of 2027. The full plan envisions four city blocks with a mix of market-rate and affordable housing, public open space and an innovation center.
“Residents of Freedom West and this community have long advocated for this vision, and today, we are moving to make it a reality,” said Lurie. “This investment in the future of the Western Addition helps secure a stronger future for our entire city.”
To strengthen the co-op’s long-term financial stability, Freedom West 2.0 will generate revenue through ground leases with affordable housing developers, retail spaces in the new buildings and profit-sharing from future market-rate development.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton Aand senior investment anaylst...
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