The City Council will vote to potentially approve the housing project at 601 Parrot St. on Monday. The project requires a plan change in the San Leandro Tech Campus, which is approved for up to 500,000 square feet of office space but no housing.
Sunny Tong, Westlake Urban managing director, was optimistic that the project would win approval. “Staff is very supportive,” he said. “It’s smart growth. We’re putting housing next to employment.”
The tech campus complex includes a 132,000-square-foot building at 1600 Alvarado St. leased by tech firm OSIsoft that opened last year. A second 130,000-square-foot office building is under construction with no tenants and asking rents of $39 per square foot. JLL is the broker.
San Leandro’s transit-oriented development strategy around its BART station was approved in 2007, but the recession delayed new construction. San Mateo-based Westlake Urban initially had approvals for 700 housing units, but switched the plan to office space. It’s now seeking to build a portion of that housing.
If approved, Tong hopes to break ground on the seven-story housing project in the spring of 2018 and open by early 2020. The budget is $75 million to $80 million. TCA Architects designed the project.
The third commercial building planned for the site could be either office space or a hotel with around 150 rooms, said Tong. He’s seeking final approvals for that building in the next nine months.
Westlake Urban dropped plans to build a 460-unit project at San Francisco’s Kirkham Heights, the largest housing proposal in the Sunset district. It has sites in Foster City, Oakland, San Jose and Walnut Creek where it may pursue projects, but it is being more careful about picking its next projects.
As a result, Gaye Quinn, a Westlake Urban managing director, recently left the company. “Projects she was working on might not be going forward,” said Tong.
Tong said her departure was amicable. Quinn didn’t immediately respond to a request for comment.
“We do have limited resources. We’re being very selective,” said Tong.
This story has been updated to reflect the end of the Kirkham Heights project.
Author: Roland Li covers real estate and economic development