search

The Real Deal Logo

Trending

Fortress initiates $548M foreclosure on Cohen Brothers portfolioFortress initiates $548M foreclosure on Cohen Brothers portfolioNaftali unveils sprawling $600M Williamsburg Wharf “urban resort”Naftali unveils sprawling $600M Williamsburg Wharf “urban resort”Coto family, Aston Martin complete $1B branded condo tower in downtown MiamiCoto family, Aston Martin complete $1B branded condo tower in downtown Miami99 Cents closures to open 3.8M sf of retail opportunities in SoCal 99 Cents closures to open 3.8M sf of retail opportunities in SoCal 
Development
San Francisco

Maracor eyes 240-unit affordable housing complex in Fremont

Six-story building would occupy site near the Warm Springs BART station

Maracor eyes 240-unit affordable housing complex in Fremont
Maracor Development's Chris Hawke and Brad Dickason and renderings for 45021 Warm Springs Boulevard (AO Architects, Maracor Development)

Maracor Development wants to build 240 apartments near the Warm Springs BART station in Fremont.

The San Francisco-based developer led by Chris Hawke and Brad Dickason has filed preliminary plans to build the six-story complex at 45021 Warm Springs Boulevard, SiliconValley.com reported. It would replace a vacant lot.

The development, which would rise on a 2.9-acre site, would include 240 apartments in a “100 percent affordable, multifamily building” at Warm Springs and South Grimmer boulevards, according to the city documents.

The apartment complex would include three courtyards, a lobby, leasing office and a parking garage for an unspecified number of cars. 

The project, designed by Orange-based AO, is clad in white, orange and olive blocks, with a charcoal accent, according to a rendering. 

The land is owned by an undisclosed firm based in San Ramon run by Joseph DePaoli, according to the Mercury News.

Sign Up for the undefined Newsletter

Maracor Development, founded in 2008, has built 24 million square feet of offices, 189,000 square feet of shopping centers, 5,907 condominiums and 5,472 single-family homes from the Bay Area to San Diego, according to its website.

Maracor has an equity stake in Autovol, an Idaho-based modular home firm with a 400,000-square-foot factory that ships pre-built components to construction sites.

In the works by Maracor are two similar multifamily projects near the future Irvington Bart Station, in Fremont. 

One project, dubbed The Osgood, is a six-story, modular building with 112 units, a podium level courtyard and at least 76 parking spots, according to its website. The other, known as Osgood Apartments South, would include 100 units and parking for more than 50 cars.

In late 2022, Maracor and Idaho-based Pacific West Communities filed plans to replace a nearly 24,000-square-foot strip mall in San Jose with a 260-unit affordable housing complex at 2628 and 2638 Union Avenue.

— Dana Bartholomew

Read more

Companies and People
Maracor DevelopmentJoseph DePaoli