Farella Assists Developers in Winning Balboa Reservoir Housing Project Approval
Project to create a diverse and vibrant new San Francisco neighborhood
SAN FRANCISCO, August 13, 2020: Farella Braun + Martel represented a partnership of AvalonBay Communities and BRIDGE Housing Corporation in securing approval from the San Francisco Board of Supervisors for a 1,100 unit mixed-income housing development at the 17-acre Balboa Reservoir in south-central San Francisco. Project approvals included General Plan, Planning Code, and Zoning Map amendments, a Development Agreement, and the sale of the never used reservoir site from the City to the AvalonBay/BRIDGE partnership, following the rejection by the Board of Supervisors of an appeal of the project’s Environmental Impact Report.
The project will be 50-percent affordable, with 150 units of those units earmarked for City College and San Francisco Unified School District teachers and staff, and include 4 acres of open space, a community center, child-care center, new streets, sidewalks, and utilities, as well as off-site transit and transportation improvements.
“This project is a victory for San Francisco and our residents,” said San Francisco Mayor London Breed.
Led by Steven Vettel, the Farella team included CJ Higley, Brent Saldaña, Ashley Breakfield, Nicholas Moore, and Jonah Trotz.
Farella Braun + Martel is a leading Northern California law firm representing corporate and private clients in sophisticated business transactions and complex commercial, civil and criminal litigation. Clients seek our imaginative legal solutions and the dynamism and intellectual creativity of our lawyers. We are headquartered in San Francisco and maintain offices in the Napa Valley that are focused on the wine industry.
Contact:
Cheryl Loof
Farella Braun + Martel LLP
[email protected] / 415.954.4433
