Barker Pacific Group

Leandro Soto Apartments - San Francisco, California

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Scope

48 affordable residential units.

Challenge / Description

BPG was developing a major office building in San Francisco. Rather than pay housing linkage fees, BPG took on the challenge of actually providing the requisite housing which met the goal of the S.F. Office of Housing Production.

Solution

BPG partnered with a community non-profit, Arriba Juntos, to develop 46 residential united limited to occupancy by lower-income residents, meeting S.F. affordability guidelines. The project was completed on schedule and was heralded by the Mayor of San Francisco as a model public-private partnership. BPG still owns the project with Arriba Juntos.

Acquired

Ground-up construction began in 1990.

Completed

August 1991

Partners

Barker Pacific Group, Arriba Juntos, and Edison Capital.

Financing
Construction – Wells Fargo Bank
Permanent – Berkadia Commercial Mortgage LLC

Property Management

Teresa Liu
The John Stewart Company
Tel. 415.345.4400
jscosf@jsco.net

Ed York
The John Stewart Company
Tel. 415.345.4400
jscosf@jsco.net