Hundreds of affordable homes are proposed near East Bay BART stop
An affordable housing project that could produce hundreds of homes is being eyed near an East Bay BART station.
FREMONT — An affordable housing project that could produce hundreds of homes is being eyed on empty land near a BART station in Fremont, city documents show.
The housing development, which would consist of apartments, is being proposed on a vacant parcel alongside the Warm Springs BART station in Fremont.
If built, the project would produce 240 units in what is being described as a “100% affordable, multifamily building” at the corner of Warm Springs Boulevard and South Grimmer Boulevard, according to the city documents.
Maracor Development, a San Francisco-based real estate firm, has proposed the project, which would rise on a 2.9-acre site at 45021 Warm Springs Boulevard.
At present, a San Ramon-based group headed up by Joseph DePaoli owns the site.
The housing would be developed in a six-story building with a parking garage and parking area. Three courtyards, a lobby and leasing office are also expected to be included in the building if it’s constructed.
“Maracor Development acquires and develops residential, commercial and retail properties in targeted market areas,” the company states on its website.
The real estate firm has proposed multiple apartment projects in the Bay Area and has completed several of them.
“The Maracor team specializes in all aspects of real estate development, including institutional quality office towers, retail, mixed-use, residential, complex sustainable master-planned communities that include programs to address brownfield remediation, military base conversion, and urban redevelopment of underutilized areas,” the company states on its website.