[maxgallery name=”1100-ocean-avenue-construction-update-summer”]We recently toured the 1100 Ocean Avenue site to gauge construction progress relative to an earlier visit in March of this year. The 55 foot tall building is now topped out and work is currently focused on installation of facade treatments, external windows, and interior furnishings. A discernible and notable feature now visible in the 71 unit building includes an external concrete staircase that leads to the second floor open courtyard. Estimates for builder Cahill to complete construction and open the $37.9 million building for tenants by February of 2015 seems reasonable based on current visible progress.
100% of the building’s units will be below market rate (BMR) with 45 units reserved for those earning 50% or below the area median income and 25 units set aside for those making 35% or below the area median income. 19 of these 25 units will be targeted to previously homeless aging youth. Updated information on building completion status and availability of applications can be found by calling the following hotline: (415) 355 7100.