Eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submitting for approval by our executive director and bridge will be taking the lead on Outreach Marketing and leasing of the units. The project also includes ground floor retail because as you know folsom street will be the major new retail area, 206 bike Parking Spaces shared open space on the ground floor and streetscape improvements. The block 9 includes a good faith deposited credited against the land Purchase Price 4
Heavy to pass around or the okay. Please call the next item. The in connection the next order of business is 5 f workshop on the recognized obligation payment schedule for jill first 2014 to july 31st, 2015, and 20152016 a related to the major approved projects and Affordable Housing discussion madam director. Thank you, madam secretary commissioners we have a requirement under state dissolution law to submittal a socalled rocks or recognized obligation payment scheduled which has to list every single payment were going to make over the next 6 months the governor proposed as part of the budget annuity to streamline that to make that submittal from twice a year so two halves of the fiscal year to once a year no legislation has passed but in the meantime were continuing on weve done this for the 6 rocks in which really in essence a productive so with that id like to ask leo levenson to start the presentation and hell be joined by director sally worth as well. Thank you director bohe and
Included the led architect for the tower component and a Small Business enterprise for the low rise building. The project has evolved since execution and the total number of units decreased to 545 because the number of floors was decreased from 43 to 42. Tmg partners and Essex Property trust and bridge remain. Tmg partners and Essex Property trust together are acting as the lead Development Entity and changed into an eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submi
Than that contemplated it is consistent we allowed for either a joint development oprtunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submitting for approval by our executive director and bridge will be taking the lead on Outreach Marketing and leasing of the units. The project also includes ground floor retail because as you know folsom street will be the major new retail area 206 bike Parking Spaces shared open space on the ground floor and streetscape improvements. The block 9 includes a good faith deposited credited against the land Purchase Price 43. 6 million 6 million and deposited into a a trust account by the close of escrow. Obvio
Eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submitting for approval by our executive director and bridge will be taking the lead on Outreach Marketing and leasing of the units. The project also includes ground floor retail because as you know folsom street will be the major new retail area, 206 bike Parking Spaces shared open space on the ground floor and streetscape improvements. The block 9 includes a good faith deposited credited against the land Purchase Price 4