Union City Development


#1

With a lot of love for Fremont, Union City is definitely poised with more opportunities. Some interesting thread on BiggerPockets:


#2

As Hunter Pence once said, “Yes! Yes! Yes!”


#3

Good post @myo. I am too lazy to follow BP forums. So if you find anything interesting please cross post here. :slight_smile:

Notice city officials didn’t mention housing for people. That’s Prop 13 at work again. City only want businesses and jobs, not people.


#4

Hi,
Bigger Pocket is a great platform to share and learn about the latest trends of real estate market.
Thanks for sharing it.


#5

Union City, gang…

https://www.bizjournals.com/sanfrancisco/news/2017/07/25/bart-office-development-union-city-east-bay.html


#6


#7

It only makes sense, as Fremont is thriving and Union City is right next to it.

Good to see the Union City’s City Councils are pro-developing the commercial projects. Things will happen fast.


#8

Oct 25, 2017, 2:16pm PDT
Union City approved a 1.2 million-square-foot office campus next to its BART station, with space for thousands of new jobs.
Burlingame-based developer Woodstock Properties is now marketing the three-building project to major tenants around the Bay Area. It’s one of the largest projects in the Bay Area adjacent to a BART station.
“We’re offering flexibility to the tenant regarding building size and design details,” said Kirk Syme, president of Woodstock Properties. The entire project will cost over $750 million, said Syme.
The project would be the largest addition to Union City’s 120-acre Station District, former industrial land that’s been cleaned and redeveloped. Around 1,300 new homes have been built or planned in the area.
The buildings would range from six to eight stories, with 57,000-square-foot floorplates and could also be built out as life science lab space.
Syme said the project doesn’t have an asking rent. Nearby existing Class A office space in Fremont is asking an average of $30 per square foot, according to brokerage Cushman & Wakefield.
DES Architects designed the project. It doesn’t have an office broker or general contractor.
Syme said he’s in talks with capital partners and the project could break ground by early spring if a tenant is secured.
Amenities include a 40,000-square-foot fitness center with pool, retail space, an amphitheater and gardens.
The project is included as a secondary site in the Bay Area’s seven-city bid for Amazon.com Inc. (NASDAQ: AMZN)'s second headquarters.
Separately, Woodstock Properties is preparing to break ground on an adjacent 31,000-square-foot commercial project that’s fully leased. Ware Malcomb is the architect and W.L. Butler is the general contractor of that project.


#9

You guys worry about the fault line literally running under your house?


#10

Been in the insurance industry for over thirty years – I would worry more about flood and fire, which happen every year.