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3800 San Pablo Retail Hub

Developer: Holliday Development

Type of Development: Neighborhood healthy food/living center

Owner: Holliday Development

Cty and State: Oakland, CA

Contact Person: Ben Golvin

Phone: 415.308.8711

Contact Email: [email protected]

Allocation Amount Requested: $16,600,000

Brief Description of Development:

Holliday Development has pioneered neighborhood revitalizing projects since the late 1980's, from San Francisco's South of Market to Emeryville to West Oakland.  3800 San Pablo, a 25,000 sf historic showroom on the Oakland/Emeryville border, will bring a healthy food grocery to an underserved transitional neighborhood as the anchor tenant for a healthy living retail hub. Holliday has drawn creative entrepreneurs to this pivotal location, but requires TI funds to ensure that the space is affordable to these local small business owners.  Holliday will also build 105 apartments on an adjacent parcel (not NMTC financed), further enlivening the retail hub.  The project has all local approvals, and can be under construction by Fall, 2014.

But-For Statement:

Though the project may be feasible as some other form of retail, attracting a healthy food entrepreneur and local small business owners currently operating in marginal spaces - achieving the vision of a healthy living hub - can only be achieved with low-cost financing for the extensive tenant improvements needed for this use.

 

 

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