
Offering Overview
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• Premium residential condominium project entitled (in process) for 31-condominium units
• Strong residential market fundamentals
• Demand from young professionals and seniors prioritizing quality of life; looking for well designed living spaces or pied-a-terre
• First in-fill new construction within 3-blocks of the Sonoma Plaza in decades
• Light and bright functionally designed floor space
• Site currently underdeveloped with office/warehouse uses and raw land
• The immediate neighborhood and community as a whole have embraced the project
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• Project expected to be fully entitled for 31-condominium units by early 2024
• 32,729 square feet of residential space distributed among 6 buildings
• Mix: (20) 850-sf 1-bedroom units, (2) 800-sf 1-bedroom affordable, (4) 1,211-sf 2-bedroom units, (5) 1,857-sf 2-bedroom units with third floor view decks
• Significant common open space with pool amenity; most units have large exclusive use outdoor space
• 41-parking spaces, including EV parking
• Property has easement rights to a 1972 roadway through the Spanish Pueblos to the north, which will be used only as the second point of entry for fire/emergency vehicles.
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• Stylistically, the proposed development emulates the mid-century modern architecture of the four neighboring single-family homes on First Street East.
• Buildings will be low-profile, two-story structures with 5-units having exclusive third floors roof decks
• Buildings will be rotated in angular fashion, which will allow more light and outdoor space
