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) which had an option to buy a unique water front property in the Hunters Point area in San Francisco.  The project is entitled for 224 condominium units and 20,000 square feet of retail space.  The land was purchased from Lennar in June 2018 and is proposed to break ground in September 2021.  The project is in an opportunity zone with unique tax incentives.  The current proposed structure is to sell 46 of the 224 condominium units and rent the remaining 178 condominium units with the 20,000 square feet of retail space as a long-term hold strategy.