Views on Fifth, Olympia
July 23, 2018
Saint Ives, Hollywood Hills
July 23, 2018

Palmilia, San Francisco



 

DESCRIPTION

Forbix entered into a joint venture with Tabernacle Affiliated Developers (TAD) that had an option to buy a unique water front property in the Hunters Point area in San Francisco.  The project was entitled for 224 condominium units and 20,000 square feet of retail space.  The land was purchased in June 2018 and is proposed to break ground in September 2019.  The project is in an opportunity zone with unique tax incentives.  The current proposed structure is to sell 50 of the condominiums and use FHA financing to build and rent the 174 units and commercial as a long-term hold strategy