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10 Units @ 4170 Central, Fremont
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Overview

This common equity raise is for the acquisition, entitlement and build out of our new development in Fremont, CA (4158 & 4170 Central Ave.), which is comprised of 10 3-story townhomes in the heart of Fremont. The project consists of two separate parcels, each with a single family house on it, which we are stitching into one buildable site to take advantage of the higher density allowed by their zoning designations. The site is located on Central Avenue, one block off of Fremont Boulevard and less than half a mile from the Centerville Station, which services Amtrak's Capitol Corridor and the Altamont Corridor Express commuter rail. The property is also located about 1 mile from The Crossroads Shopping Center, one of the largest in the city, as well as 2 miles from Bart.<br/><br/> We have completed our initial due diligence on the project and are now moving forward to submit our full planning and building applications and close escrow by the end of May. Each of the units will be roughly 1800 square feet with a two car attached garage as well as 4 beds/3 baths. The term of this investment is roughly 24 months, in which time we will entitle, build out, and sell all 10 homes.

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Sale Update:

  • We have a sales contract in place with the buyer, who has already deposited a $200k non-refundable deposit into escrow. Our current lender is receiving monthly interest payments directly from Escrow. In January, the buyer also sent a 2-month Interest Payment which was due from our side.
  • The buyer is actively progressing with the necessary permits, having applied for Planning PRP and Demo Permit applications.
  • The buyer is also working on minor design changes to the plans to get a similar and holistic view of all the units which helps in simplifying the construction. 
  • The buyer has demonstrated their commitment to the project. As per the Agreement, the Closing Date for this project will be 02 July 2024.

 


Sale Update:

We have a sales contract in place with the buyer, who has already deposited a $200k non-refundable deposit into escrow. Our current lender is receiving monthly interest payments directly from Escrow. In January, the buyer also sent a 2-month Interest Payment which was due from our side. 

The buyer is actively progressing with the necessary permits, having applied for Planning PRP and Demo Permit applications. This demonstrates their commitment to the project and reduces the likelihood of them backing out of the contract. As per the Agreement, the Closing Date for this project will be 02 July 2024.


Finance:
A strategic decision has been implemented. An endorsement of a Purchase and Sale Agreement (PSA) is .

Sales: 
In the sales department, we've sealed the deal with the buyer using the Purchase and Sale Agreement (PSA). Buyer deposited $200k non-refundable deposit. We will be Receiving monthly interest amount + Property taxes from Escrow.


Finance:
A strategic decision has been implemented. An endorsement of a Purchase and Sale Agreement (PSA) is .

Sales: 
In the sales department, we've sealed the deal with the buyer using the Purchase and Sale Agreement (PSA). Buyer deposited $200k non-refundable deposit. We will be Receiving monthly interest amount + Property taxes from Escrow.


Finance:
A strategic decision has been implemented. An endorsement of a Purchase and Sale Agreement (PSA) is .

Sales: 
In the sales department, we've sealed the deal with the buyer using the Purchase and Sale Agreement (PSA). Buyer deposited $200k non-refundable deposit. We will be Receiving monthly interest amount + Property taxes from Escrow.


Finance:
In the realm of finance, a strategic decision has been executed to divest from the project, and this resolution has been formalized through the endorsement of a Purchase and Sale Agreement (PSA).

Sales:
In the sales domain, the Purchase and Sale Agreement (PSA) has been officially executed with the buyer. The Earnest Money deposit was securely placed into Escrow on November 10th, marking the initiation of a 30-day due diligence phase that successfully concluded on December 10th, rendering the funds non-refundable.
The buyer has expressed a desire to extend the due diligence period by an additional 6 months. 
The executed PSA, along with its amendments, signifies that we are now in a hard contract with the buyer. A non-refundable deposit of $200,000 has been transferred to the escrow account. Furthermore, as part of our agreement, the buyer will release monthly interest payment costs, along with property taxes, to us over the next 6 months. The ultimate closing on the land transaction is slated to occur after the aforementioned 6-month period.


Finance:
In the realm of finance, a strategic decision has been executed to divest from the project, and this resolution has been formalized through the endorsement of a Purchase and Sale Agreement (PSA).

Sales:
In the sales domain, the Purchase and Sale Agreement (PSA) has been officially executed with the buyer. The Earnest Money deposit was securely placed into Escrow on November 10th, marking the initiation of a 30-day due diligence phase that successfully concluded on December 10th, rendering the funds non-refundable.
The buyer has expressed a desire to extend the due diligence period by an additional 6 months. 
The executed PSA, along with its amendments, signifies that we are now in a hard contract with the buyer. A non-refundable deposit of $200,000 has been transferred to the escrow account. Furthermore, as part of our agreement, the buyer will release monthly interest payment costs, along with property taxes, to us over the next 6 months. The ultimate closing on the land transaction is slated to occur after the aforementioned 6-month period.


Finance:
In the financial domain, the decision has been made to divest from the project, and a Purchase and Sale Agreement (PSA) has been officially endorsed.

Sales:
Regarding sales, the Purchase and Sale Agreement (PSA) has been formalized with the buyer. The Earnest Money deposit was placed into Escrow on November 10th, and the buyer is currently in the 30-day due diligence phase, set to conclude on December 10th, after which the funds become non-refundable. The buyer has suggested extending the due diligence period by an additional 6 months. During this timeframe, they plan to cover on-site demolition costs and other expenses related to site clearance, incorporating the bank interest rate within the purchase price. Ongoing discussions are taking place regarding a counteroffer. If the proposed extension is accepted, the closing will also be extended by 6 months.


Finance:
The decision has been made to divest from this project, and a Purchase and Sale Agreement (PSA) has already been signed.

Sales:
The Purchase and Sale Agreement (PSA) has been executed with the buyer. The Earnest Money deposit was submitted to Escrow on November 10th, and the buyer is currently in the 30-day due diligence phase, set to conclude on December 10th, after which the funds become non-refundable. The buyer has suggested extending the due diligence period by an additional 6 months. During this time, they will cover on-site demolition costs and other expenses related to site clearance, including the bank interest rate within the purchase price. Discussions are ongoing regarding a counteroffer. If the proposed extension is accepted, the closing will also be extended by 6 months.


1. Finance:
We planned to divest this project and we have already signed PSA.

2. Sales:
We have signed the PSA with the buyer. The buyer submitted the Earnest Money deposit to Escrow on November 10th and is presently in the due diligence phase, which spans 30 days, which will end on 10th December post which the money will be non refundable. The closing is scheduled to take place 30 days after the conclusion of the due diligence period i.e. 1st week of January, 2024.

Click here to access MLS link.


1 Loopnet rob listing central

1. Finance:
We do not need any financing as of now on this project. We decided to divest this project and we have already signed PSA.

2. Sales:
We listed the project for Sale in the last month. We finally received one offer at $3M on this project. We decided to go ahead with this offer and we signed the PSA on 9th November. Buyer deposited the Earnest Money deposit on 10th November in Escrow and currently buyer is doing due diligence. Due diligence period is of 30 days and closing will happen after another 30 days.

Click here to access MLS link.


1 Loopnet rob listing central

1. Building Permits:
We've been making excellent headway in obtaining the necessary building permits. To streamline the process, we're closely collaborating with our financial partner to secure the $15,000 required for plan check fees. This funding will expedite the permit approval procedure and pave the way for us to proceed.

2. Final Map:
We've garnered valuable input on our preliminary final plans from our legal experts, engineering specialists, and consultants. We're incorporating this feedback to enhance the quality of our plans further.

3. Finance:
Reaching a significant financial milestone, we've successfully refinanced our Central loan. Our primary objective now is to secure a $500,000 Interest Reserve, which is indispensable for effectively managing interest payments and ensuring the long-term financial stability and viability of our project. Our team is fully dedicated to achieving this crucial goal.

4. Sales:
Our Central project is now actively listed on the MLS, and we've begun to witness a positive market response. We anticipate receiving one or more offers by next week. Our broker is actively promoting the listing on Loopnet.

Click here to access MLS link.


Loopnet rob listing central

1. Building Permits:

We're making good progress in getting the building permits we need. To make the process smoother, we're working closely with our financial partner to secure the $15,000 needed for plan check fees. This money will help speed up the permit approval process and get us the green light.

2. Final Map:

We've received helpful feedback for our initial final plans from our legal experts, engineering professionals, and consultants. We're using this input to make our plans even better.

3. Finance:

We've reached an important financial milestone by refinancing our Central loan. Now, our main goal is to get a $500,000 Interest Reserve, which is crucial for managing interest payments and ensuring our project's financial stability and sustainability. Our team is fully committed to achieving this important goal.

4. Sales:

Our Central project is now listed on the MLS, and we have started receiving good response from the market and we might recieve one or couple of offers by next week. Our broker is actively promoting the listing on Loopnet.

Click here to access MLS link.


Loopnet rob listing central

1. Building Permits:

We are making substantial progress in our pursuit of building permits. To ensure a smooth and efficient process, we are closely collaborating with our financial partner to secure the essential $15,000 required for plan check fees. This financial support will serve as the driving force propelling the permit approval process, ensuring we receive the green light.

2. Final Map:

Our initial draft of the final plans has received valuable input thanks to the harmonious collaboration of our legal experts, engineering professionals, and joint venture consultants. We are using the feedback received to elevate our plans to a higher standard of excellence.

3. Finance:

We have achieved a significant financial milestone by successfully refinancing the Central loan. Our primary objective now is to secure a $500,000 Interest Reserve, a crucial resource for effectively managing interest payments and strengthening the financial stability and sustainability of our project. Our team is fully dedicated to achieving this pivotal goal.

4. Sales:

We have successfully listed the Central project on the MLS, and we are already seeing responses from the market. Our broker is actively promoting the listing on Loopnet.

 

Click here to access MLS link.


Loopnet rob listing central
  1. Building Permits: Our quest for building permits is advancing. To ensure a streamlined process, we are in close collaboration with our financial partner to gather the essential $15K needed for plan check fees. This financial backing will act as the driving force propelling the permit process forward, guaranteeing us the green light.

  2. Final Map: The initial draft of our final plans has received valuable input, thanks to the harmonious synergy of our legal experts, engineering professionals, and joint venture consultants working in unison. We are taking the received feedback to elevate our plans to a higher standard of excellence.

  3. Finance: We've achieved a significant financial milestone by successfully refinancing the Central loan. Our paramount objective now is to secure a $500K Interest Reserve, a vital resource for effectively managing interest payments and fortifying the financial stability and sustainability of our project. Our team is wholeheartedly committed to realizing this crucial goal.

  4. Sales: We've crafted an alternative strategy for selling the project and have scouted a proficient broker who will aid us in the sale. We are  contemplating listing the project on MLS by the end of the week as part of locating the ideal buyer.


1. Building Permits: Our journey towards obtaining those elusive building permits is progressing seamlessly, like a well-coordinated operation. With valuable feedback from the city in our hands, we are now on the verge of securing those coveted permits. To ensure a smooth process, we are closely collaborating with our financial partner to gather the essential $15K required for plan check fees. This financial support will serve as the catalyst that keeps the permit process running smoothly, ensuring we get the green light.

2. Final Map: We have received valuable input on the initial draft of our final plans. A synchronized team effort phase, where our legal experts, engineering experts, and joint venture consultants are all working together in perfect harmony. We are taking the feedback we've received and using it to enhance the plans to a higher level of excellence. Through this united effort, we are ensuring that the Final Plan meets all legal and technical standards, making it the absolute best it can be.

3. Finance: We have reached a significant financial milestone by successfully refinancing the Central loan. Our primary goal now is to secure a $500K Interest Reserve, which is crucial for efficiently managing interest payments and strengthening the financial stability and sustainability of our project. Our team is fully committed to achieving this vital objective.

4. Sales: We have devised an alternative strategy for selling this project, and we are actively searching for a qualified broker who can assist us in its sale. We are reaching out to multiple brokers and are considering listing it on MLS next month as part of our creative approach to finding the right buyer.


1. Building Permits: Our journey towards obtaining those elusive building permits is proceeding as smoothly as a well-oiled machine. With the city's valuable feedback in hand, we find ourselves on the brink of obtaining those coveted permits. To ensure a seamless process, we're collaborating closely with our financial partner to gather the essential $15,000 required for plan check fees. This financial support will serve as the lubricant that keeps the gears of the permit process turning, ensuring we receive the green light.

2. Final Map: We've received valuable input on the initial draft of our final plans. Think of this phase as a synchronized team dance, where our legal experts, engineering maestros, and joint venture consultants are all harmoniously working together. We're taking the feedback we've received and using it to elevate the plans to a higher level of excellence. Through this united effort, we're guaranteeing that the Final Plan adheres to all the legal and technical standards, making it the absolute best it can be.

3. Finance: We've achieved a significant financial milestone by successfully refinancing the Central loan. Our primary objective now is to secure a $500,000 Interest Reserve, which is the linchpin for efficiently managing interest payments and elevating the financial robustness and sustainability of our project. Our team is unwavering in its commitment to achieving this crucial goal.

4. Sales: We have developed an alternative strategy for divesting this project, and we are currently in search of a qualified broker who can assist us in its sale. We are actively reaching out to multiple brokers and have plans to potentially list it on MLS next month.


1) Building Permits: The progress with acquiring building permits is moving ahead smoothly. We have received the city's comments and are now in the final stages before issuance. To cover the necessary plan check fees, we are actively coordinating with our lending institution. A targeted amount of $15,000 is being sought from the lender, which will help facilitate the permit process and ensure the necessary approvals are secured.

2) Final Map: The development of the Final Plan is progressing, and we have received initial feedback on the preliminary version. This stage involves close collaboration between various key stakeholders including our legal team, civil engineering experts, and consultants specializing in joint ventures. We are collectively working on implementing the received input to enhance and refine the plans. By involving these professionals, we aim to ensure that the Final Plan aligns with all legal and technical requirements, optimizing its overall quality.

3) Finance: An important financial achievement has been accomplished with the successful refinancing of the Central loan. This strategic step contributes to our financial stability and flexibility moving forward. A significant focus is currently directed towards securing an Interest Reserve amount of $500,000. This reserve is vital to manage interest payments efficiently, allowing us to handle financial obligations with a higher degree of certainty. Our team is dedicated to achieving this financial goal, which will ultimately enhance the project's financial health and sustainability.


1. Building Permits: The city's comments are ready for issuance. Nevertheless, to access these remarks, we must fulfill a plan check fee amounting to $15,000. We are presently working together with the lender to acquire the essential funds for this particular objective.

2. Final Map:  Preliminary input on the Final Plan has been received, and we are collaborating with our Attorney, Civil Engineer, and JT Consultant to handle the raised matters. Additionally, in order to secure official feedback on the submission, an extra payment of $15,000 is necessary.

3. Finance: The Central loan has been effectively refinanced. At present, we are energetically working towards the objective of gathering approximately $500,000 to create an Interest Reserve.


1. Building Permits: The city's remarks are prepared for release. However, in order to obtain these comments, we need to cover a plan check fee of $15,000. We are currently collaborating with the lender to secure the necessary funds for this purpose.

2. Final Map:  We have received initial feedback regarding the Final Plan, and we are working together with our Attorney, Civil Engineer, and JT Consultant to address the points raised. Furthermore, to obtain formal comments on the submission, we are required to make an additional payment of $15,000.

3. Finance: The loan for Central has been successfully refinanced. Currently, we are actively pursuing the goal of raising around $500,000 to establish an Interest Reserve.


1. Building Permits: City comments are ready to be issued. To get the comments released, we must pay a $15K plan check charge. We are working with the lender to get the funds released.

2. Final Map:  We have received preliminary feedback on the Final Plan. We are addressing them in collaboration with our Attorney, Civil Engineer, and JT Consultant. We must additionally pay $15K to receive formal comments on the submission. 

3. Finance: We have successfully refinanced the loan for Central. Actively seeking to raise approximately $500k for an Interest Reserve.


1. Building Permits: The comments from City is ready to be issued. We need to pay a plan check fee of $15K to get the comments released. We are working on getting the finances released from lender.

2. Final Map:  We have received prelim comments for the Final Map. We are working with our Attorney, Civil engineer & JT Consultant to address them. We also need to pay $15K to get formal feedback on the submission. 

3. Finance: We have successfully refinanced the loan for Central. We are actively seeking to raise approximately $500k for an Interest Reserve.


1. Building Permits: The feedback for Cycle 1 is expected by end of June. City has raised additional invoice of $15K which is to be paid.

2. Final Map:  The final map is under review and feedback is expected by end of June 2023. Review fee of $15K to be paid to the City.

3. Finance- We are thrilled to announce that we have successfully refinanced the loan for Central, achieving a nearly zero cash to close requirement. As we move ahead, we are actively seeking to raise approximately $500k for an Interest Reserve.





1. Building Permits: The feedback for Cycle 1 is expected by end of June. City has raised additional invoice of $15K which is to be paid.

2. Final Map:  The final map is under review and feedback is expected by end of June 2023. Review fee of $15K to be paid to the City.

3. Finance- For construction loan we are schueled for LRC today and waiting for it to get back to us later this week and hoping to get it approved and we are also waiting for apprisal which is due today. However, we would need cash to close of 1 Million. Simultaneously we are working towards land loan refinancing from different lenders and in case we are able to close land loan quickly, we will go with land loan.


1. Building Permits: The feedback for Cycle 1 is expected by end of June. City has raised additional invoice of $15K which is to be paid.

2. Final Map:  The final map is under review and feedback is expected by end of June 2023. Review fee of $15K to be paid to the City.

3. Finance- Our construction loan will be presented to LRC next week and hoping to get it approved. However, we would need cash to close of 1.8 Million. Parallelly we are working towards land loan refinancing and in case we are able to close it quickly we will go with the same.


Central 1

1. Building Permits: The set was submitted and is currentl under review by the city. The feedback for Cycle 1 is expected by end of June.

2. Final Map: The final map is under review and feedback on the same is expected by end of June 2023.

3. Finance- Our top priority currently is to close the loan by the month's end. The lender has put us on forbearance. We are actively working with 3 sources and aiming to close in 10 days. One of the lender is working on the construction loan and others on land bridge.


Central 2 Central 1

1. Building Permits: The intake for the Building Permit set is now completed after escalating the matter to City Director and the set is under review.

2. Final Map: The final map is now submitted to the City and is currently under Review.

3. Finance- Our top priority currently is to close the loan by the month's end. The lender has put us on forbearance. We are actively working with 3 sources and aiming to close in 10 days. One of the lender is working on the cobstruction loan and others on land bridge.


Central 1 Central 2

1. Building Permits: The intake for Building Permit set is now completed after escalating the matter to City Director and the first feedback is expected by Mid of June'23.

2. Final Map: The final map is now submitted to the City for review.

3. Finance- Our top priority currently is to close the loan by the month end. The lender has put us on forbearance. We are actively working with 3 sources and aiming to close in 10 days.

 


Central 2 Central 1

1. Building Permits: The City is happy with the cleanliness and security concerns addressed by us. However, we are required to pay the previous citation dues of approx $10,000, to begin with routing our plans to various Building permit departments.

2. Final Map: The final map is ready to be submitted however it is on hold due to payment to the civil engineer for which we require funds.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders. We are in tight deadline as this is the last week of extention and we need to close by 10th, We are rigorously working with the lenders to close this quickly.


Central 1 Central 2

1. Building Permits: We have addressed the city's security and cleanliness concerns. We are trying to schedule an inspection with the code enforcement officer so the project can be unblocked for Building Review by next week.

2. Final Map: The final map is ready to be submitted however it is locked on payment to the civil engineer for which we require funds.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders. The 2 lenders we are working with- one of them have a high cash to close and hence we are awaiting the other lender to move ahead and provide the final underwriting. The expected date to close is 2 weeks from now.

4. Sales: We are in talks with a interested buyer for the sale of the entire entitled project for $ 4M.


Central 2 Central 1

1. Building Permits: This weeek, we had a meeting with code enforcement officer and the building department manager and they agreed upon unblocking the project once the propoert is clean and secured. We are working to address the concern within 1 week so that the building plan review process continues without hinderence.

2. Final Map: The final map is ready to be submitted however it is locked on payment to the civil engineer for which we require funds. 

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders. The 2 lenders we are working with- one of them have a high cash to close and hence we are awaiting the other lender to move ahead and provide the final underwriting. The expected date to close is 2 weeks from now.

4. Sales: There has not been much traction on the indivisual sale of units which was lifted in NLS a few weeks back.


Central 2 Central 1

1. Building Permits: The project is under review. However the city code enforcement department is constantly following up to demolish the existing structure which is blocked on raising of funds.

2. Final Map: The final map set has been prepared by our Civil Engineer and shall be ready to be submitted next week.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders. The 2 lenders we are working with- one of them have a high cash to close and hence we are awaiting the other lender to move ahead and provide the final underwriting. The expected date to close is 2 weeks from now.

4. Sales: We have one interested buyer and are working with the Realtor to close the deal.  Meanwhile we are pitching the deal to offilne realtors as well to see if they can get some individual deals/ developer offers so that we can close at the most financially viable offer.


Central 1 Central 2

1. Building Permits & Final Map: There were additional requirements from the city to begin with the review process. The same has been provided this week and we expect the review by city staff to begin next week. we shall have the first set of feedback from the city by the end of April.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We have one interested buyer and are working with the Realtor to close the deal. 


Central 1 Central 2

1. Building Permits & Final Map: The Builidng permit set is successfully submitted to city and Building permit fee has been paid.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: Our listing for Individual units is now live and our Realtor is working with the leads. 


Central 1 Central 2

1. Building Permits & Final Map: The Structural, MEP & Architectural sets are ready for the project and to be compiled soon for the final submission of the project.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: Our listing for Individual units is now live and our Realtor is working with the leads. meanwhile we are working with the DRE consultant to get our Yellow Report.


Central 1 Central 2

1. Building Permits & Final Map:  The Structural, MEP & Architectural sets are ready for the project and to be compiled soon for the final submission of the project.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working diligently with two lenders for the land refinancing 

4. Sales: Our listing for Individual units is now live with starting price $1.28M for a Modern Beautiful Townhome. https://www.zillow.com/homedetails/4170-Central-Ave-Fremont-CA-94536/79541029_zpid/

View listing here


3 4

1. Building Permits & Final Map:  We have completed preparing the Structural, MEP, & Architectural sets for the project. The Project set Compilation are in progress.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We have listed the individual units for sale & removed the Lot Listing while we have discontinued the previous Lot listing for $4.5M. Our Realtor is following up with potential buyers.

View listing here


4 1

1. Building Permits & Final Map: We are on track to submit the set to the City in next 1-2 weeks.

2. Demolition Permit: The Demo permit is put on hold as we are majorly focusing on salvaging the project.

3. Finance- We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We continue to work with our realtor to list individual units for sale & test the market while we coninue to work with prospective buyers for the entitled lot. https://www.trulia.com/home/4170-Central-Ave-Fremont-CA-94536-79541029

View listing here


Central 3

1. Building Permits & Final Map: We are on track to develop the Building Plan set by end of this month & submit to the City under the new law- CBC 2022.  

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. Awaiting on construction financing. 

3. Finance- We have been able to get an extension on the loan from the current lender till January,2023. We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We are waiting to hear back from the prospective buyers and engaging with our realtor agent to setup more meeting with interested developers. We have also submitted our applicaion for sale to DRE &expect to receive the pink report by end of this month.

View listing here


1. Building Permits & Final Map: We are on track to develop the Building Plan set by end of this month & submit to the City under the new law- CBC 2022.  

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. Awaiting on construction financing. 

3. Finance- We have been able to get an extension on the loan from the current lender till January,2023. We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We are waiting to hear back from the prospective buyers and engaging with our realtor agent to setup more meeting with interested developers. We have also submitted our applicaion for sale to DRE &expect to receive the pink report by end of this month.

View listing here


Central ave ext view 01 %282%29

1. Building Permits & Final Map: The Architect, MEP, Structural , Landscape & Civil teams have resumed work on the project post holidays and now estimate the Building Plan Set & Final Map submission to be done by end of this month. 

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. Awaiting on construction financing. 

3. Finance- We have been able to get an extension on the loan from the current lender till January,2023. We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We have shared budget estimated with interested buyer & meeting lined up by our agent with more potential buyers. View listing here


Central ave ext view 02 %283%29 Central ave ext view 04 %281%29

1. Building Permits & Final Map:  As last mentioned, the Building Plan Set & Final Map will be submitted to the City early next month. 

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. Awaiting on construction financing. 

3. Finance- We have been able to get an extension on the loan from the current lender till January,2023. We are working actively on the refinance of the same with a couple of financing brokers and lenders.

4. Sales: We are working with a number of realtors to sell the entitled project and received interest from Buyers. We had a meeting with the one of the buyer & their agents this week which went well. View listing here


Central ave ext view 01 %282%29

1. Building Permits & Final Map:  The Architecture & MEP, Title 24 plans preparation for submission to Building department is in progress. Due to upcoming holiday season the availability of consultants is limited & delay in submission is anticipated. The Plan Set & Final Map will be submitted to the City early next month. 

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. 

3.Finance- We have been able to get an extension on the loan from the current lender till January,2023. We are working actively on the refinance of the same with a couple of financing brokers and lenders.


Central ave ext view 06 %285%29

1. Planning Entitlements: Since no appeals were received, the Approved Entitled set is now issued by the City.

2. Building Permits & Final Map:  We have finalised the Structural, MEP & T24 consultants to start working on the Building set. We are on track to submit the Building set by Dec 22nd. The Final Map will be submitted to the City early next year. 

3. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. 

4.Finance- We have been able to get an extension on the loan from the current lender till January,2023. However, we will start working actively on the refinance of the same after approval on entitlements so as to close in the next 60-70 days.


Central ave ext view 05 %281%29

1. Planning Entitlements: As a huge milestone, the project got successfully approved by the planning commissioners at the Hearing on evening of Nov 17th. We have now started working on the building permit set preparation and estimate to submit it in a month's time to the City. 

2. Demolition Permit: The Demo permit fee is to be paid to be able to pull the permits. 

3.Finance- We have been able to get an extension on the loan from the current lender till January,2023. However, we will start working actively on the refinance of the same after approval on entitlements so as to close in the next 60-70 days.


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1. Planning Entitlements: We have successfully conducted neighborhood outreach & working with neighbor who have minor concers on the development. The staff report will be issued on Nov 11th & Planning hearing is on Nov 17th. 

2. Demolition Permit: The Demo permit intake is completed & awaiting City's feedback. We are arranging for site cleanup prior to Commissioner's visit. 

3.Finance- We have been able to get an extension on the loan from the current lender till January,2023.

However, we will start working actively on the refinance of the same after approval on entitlements so as to close in the next 60-70 days.


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1. Planning Entitlements: As mentioned last week, we await to receive the staff report & present to the Planning commissioners on Nov 17th. 

2. Demolition Permit: We have submitted the Demolition Permit application to the City this week and also look forward to finalizing Demolition subcontractor to be ablle to remove the existing structures at the earliest which pose a safety concern to the neighborhood. We are also following up with USD for Sewer disconnection.

3.Finance- We have been able to get an extension on the loan from the current lender till January,2023.

However, we will start working actively on the refinance of the same after approval on entitlements so as to close in the next 60-70 days.


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1. Planning Entitlements:  Our Set is finally approved by the planner & are awaiting to receive Staff Report for the same. The Planning commission hearing is now rescheduled to November 17th. We are once again conducting a Neighbor outreach to get more support for the project.

2.Finance- We have been able to get an extension on the loan from the current lender till January,2023.

However, we will start working actively on the refinance of the same starting November so as to close in the next 60-90 days.


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1) Building Permits: Our journey to secure those all-important building permits is cruising along smoothly. We've got the city's feedback, and we're now in the home stretch before we get those permits in hand. To make sure everything goes smoothly, we're working closely with our lending institution to gather the $15,000 we need for plan check fees. This funding will help grease the wheels of the permit process and make sure we get the green light.

2) Final Map: Received feedback on the first draft of the final plans. This part of the process is like a team huddle, with our legal experts, civil engineering whizzes, and joint venture consultants all working together closely. We're taking the feedback we've received and using it to make the plans even better. By teaming up, we're making sure the Final Plan meets all the legal and technical rules, making it the best it can be.

3) Finance: We've reached a significant financial milestone by successfully refinancing the Central loan. Our main goal now is to secure a $500,000 Interest Reserve, crucial for efficiently managing interest payments and enhancing our project's financial health and sustainability. Our team is dedicated to achieving this goal.


1. Planning Entitlements:  We have successfully resubmitted the set to the City of fremont. This time we went through a full pre-review cycle with the Planners to ensure all comments are fully addressed and now expect approval in next 2-3 weeks.

We aim to be on the Planning commission agenda for November 10th. 

2.Finance- We have been able to get an extension on the loan from the current lender till January,2023.

However, we will start working actively on the refinance of the same starting November so as to close in the next 60-90 days.


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1. Planning Entitlements:  We received feedback from the reviewers this week, there are minor annotation related comments & a fresh concern from Fire department related to the height of the building. We are strongly pushing back on the new comment at this stage & have scheduled a meeting with the planners to discuss the project to be on the Planning commission agenda.

Last week we also had a Virtual Neighborhood meeting which was successful. We received support letters from neighbors and positive response to construction of the beautiful townhomes. 

2.Finance- We are working with 2 lenders currently in order to get the loan refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase.


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1. Planning Entitlements:  We had a successful meeting with all reviewers at the City to discuss the project and get their early feedbacks/comments, most of the questions regarding the comments received were addressed and our architect updated the site plan accordingly.
We are now working on finalizing renders, civil and landscaping plans and expect to resubmit this week. We are trying to get on Planning commission agenda on September end.

2.Finance- We are working with 2 lenders currently in order to get the loan refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase.


1. Planning Entitlements: We received the partial feedback from the City this week which was delayed as the Planner is on vacation and shall be back next week. It is a great news that we have only one minor comment from the Planning Department. We are still waiting on Engineering department to receive the balance feedback / approvals. The team has already started working to address the comments and are planning to set up a meeting with all reviewers to have the plan fully approved in the next submission. 

We also have a bad news as we were informed by the City that "The Planning Commission is in its recess period and no hearings will be held until late September", which has pushed obtaining entitlements on the project until end of September despite the plans being approved. 

2.Finance- We are working with 2 lenders currently in order to get the loan refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase


1. Planning Entitlements: We received the partial feedback from the City this week which was delayed as the Planner is on vacation and shall be back next week. It is a great news that we have only one minor comment from the Planning Department. We are still waiting on Engineering department to receive the balance feedback / approvals. The team has already started working to address the comments and are planning to set up a meeting with all reviewers to have the plan fully approved in the next submission. 

We also have a bad news as we were informed by the City that "The Planning Commission is in its recess period and no hearings will be held until late September", which has pushed obtaining entitlements on the project until end of September despite the plans being approved. 

2.Finance- We are working with 2 lenders currently in order to get the loan refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase


1. Planning Entitlements: We received the partial feedback from the City this week which was delayed as the Planner is on vacation and shall be back next week. It is a great news that we have only one minor comment from the Planning Department. We are still waiting on Engineering department to receive the balance feedback / approvals. The team has already started working to address the comments and are planning to set up a meeting with all reviewers to have the plan fully approved in the next submission. 

We also have a bad news as we were informed by the City that "The Planning Commission is in its recess period and no hearings will be held until late September", which has pushed obtaining entitlements on the project until end of September despite the plans being approved. 

2.Finance- We are working with 2 lenders currently in order to get the loan refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase


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1. Planning Entitlements: The planning set is under review with the City and we expect approval by mid month. We are constantly in touch with the planners to ensure if any early stage comments are received,they can be addressed at the same time to avoid another cycle of comments(if any).

Attached below is a screen-grab of the city confirming intake of documents.

2.Finance- We are working with different lenders in order to get it refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase


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1. Planning Entitlements: The planning set is under review with the City and we are following up to ensure we get approval by mid of this month. As per the initial conversation with the planner we got some minor comments which we adressed already and hence now awaiting approval by mid month.

2.Finance- We are working with different lenders in order to get it refinanced. Also, we are awaiting the entitlements  approval to go ahead and secure a pre- construction loan for the Building Permits Phase.


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1. Project Design: The Project design & preparation of final 3D renders was completed last week.

2. Planning Entitlements: As a milestone, we have submitted the Planning set to the City planners this week, we look forward to get approval in next 4-5 weeks and be scheduled on the Planning commission agenda to pull the entitlements.

3.Finance- We are working with different lenders in order to get it refinanced and are in the process of ordering appraisal for one of them.

 


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1. Feedback from Planner & Design Update: As per the changes suggested by the planner, we are expecting to update the design by early next week along with the latest renderings. Meeting with the planner for design review is scheduled next week.

2. Planning Permit Re-submission: Upon completing review with the City Planner, we shall work to compile the submission set & send for City Approval.

3. Finance: We have started talking to lenders about refinancing the project as the current finance matures by the end of next month.


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1. Feedback from Planner & Design Update: We have sent the new  plans and renderings to the planner and he is reviewing the same. As per his response we should receive his feedback by the end of the week and with his approval on the same we can move towards preparing the final set for submission to the City of Fremont.

2. Planning Permit Re-submission: Upon completing review with the City Planner, we shall work to compile the submission set & send by mid March for Planning entitlements.


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  1. Feedback from Planner & Design Update: We got a chance to present our new design for the building elevations to our Planner and got detailed feedback. The use of new Tuscan Architectural style & matrial variation was highly appreciated by the planner and our Architect is working on finalizing the plans and have scheduled a review meeting with all City plan checkers next week to get their blessings.
  2. Planning Permit Re-submission: Upon completing review with the City, we shall work to compile the submission set & send by early next month for Planning entitlements.
  3. Finance: We are continuing the loan with the current lender and have been granted 3 months extension on the same. 

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1. Feedback from Planner: In our last meeting with the City planner, they made unreasonable demand of reducing 2ft. from either side of the building for upper floors only to create variation, which would have resulted in approx. 1100 sq. ft. loss.

2. Design Update: Upon further study of the Design guidelines, we have pushed back on the Planner's recommendation & are working with the architect to redesign the building facade to incorporate more different architecture style, material accent & colors to bring in variation and maximise of square footage.

3. Planning Permit Re-submission: Upon completing the design set, we shall once again review the set with City and resubmit by month end for Planning entitlements.

4. Finance: We have received the financing proposal on the loan from both lenders i.e. to either extend the loan with current lender or to refinance it with a new lender. Hence we are deciding upon the cost aspects and will finalize the best available option by this week.


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We were lucky to get our submission set reviewed by the City planner to ensure all comments are fully addressed and working on the feedback received. We are also following up with Civil & Landscape consultants to get the updated plans & resubmit Set#7 by next week to the City. 

The current loan on the project is due on Feb-01, hence we are working on getting the Loan extended / re-financed at the best available cost of capital. We have already ordered appraisal on the current property & also applied for extension with current lender. Internally, we are comparing both the options and will go ahead with the lowest proposal.


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We are pleased to share that we could increase the net liveable area by over ~1070 sq.ft. from the last submittal which has made the project more desirable. Our consultants & architects continue to work on completing the final few comments and plan to resubmit the same by end of next week. 

We further anticipate to get the project plans approved in 4 weeks & be scheduled on the planning commission agenda next month.  We are nurturing buyers who are interested in purchasing units in this project at $1.4M!


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We are working meticulously with our architect for addressing the comments received from Planning department. We can now extend building 'A' out towards Argyle road by approx. 5feet which is a great news. As informed previously the balance comments are expected on January 3rd 2022 and we expect to resubmit the set for planning entitlements by mid of next month.

We are constatntly nurturing buyers who are interested in purchasing units in this project. The buyers who find our 'Aron Place' (Fair Oaks) project over their budget are being pitched this project maintaining their engagement/ interest with Aron Developers.


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1. Feedback from Planner & Design Update: As per the changes suggested by the planner we have made the necessary changes to the model and floor plans. We are now working on compiling the plan set and submit it to the city by this month's end.

3. Finance: We have started talking to lenders about refinancing the project as the current finance matures by this month end.


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As informed last week, the planner has further informed that the full feedback shall be available by December 16th & we are continuously following up for same. Further, if comments received, we envisage to resolve the same by end of this month & resubmit for Planning approval early next year and work with City on neighborhood engagement.


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The project planning feedback is due on December 13th & we are continuously following up for any early updates from the City Planner. We continue work with our realtors,  interacting with several buyers for sale of individual units.


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As informed last week, the Project submission set is now routed for review to all City departments and we will continue to follow-up with Planner to receive any early feedback / approval. 

We continue work with realtors, interacting with buyers for the project & also looking for sale of individual 10 units.


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As a milestone, we have submitted the completed compiled Planning Set#6 to the City. We shall continue to follow-up with City Planner to get early feedback & approval.

As informed last week, we continue to interact with buyers and work on purchase documentation.


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The updated Planning set is ready & awaiting final Civil Plans for submitting the same to the City of Fremont for final review & approval. The loss in square footage of units owing to change is setbacks earlier estimated to be around 1300-1500sq.ft. has now been successfully reduced to only 900 sq.ft. with value engineering.

As the next milestone, we look forward to being listed for planning commission to get the project fully entitled.

We have been working on the sales of the project with Joe Velasco & have had good interactions with many buyers and funneling them down. 


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1. Project Design: We have completed the project design updates as per Planner's recommendation & coordination with our Civil engineer. The project permit set is not ready & under review prior to submitting to ensure there are no more comments.

2. Planning Entitlements: We expect to submit the copiled set with Architectural, Civil & Landscape plans early next week and subsequently push the City planners to provide approval in next 3-4 weeks and be scheduled on the Planning commission agenda early next month to pull the entitlements.

3. Finance: We have started talking to lenders about refinancing the project as the current finance matures by this month end.


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We have greatly optimised the floor Plans to maximise the unit useable area along with meeting the City requirements.

We also had a meeting with our Civil Engineer last week and have received the updated Civil Plans. We are awaiting the Landscape plan from consultant to be able to compile & submit the Planning set this month.

We were also luck to get on a Virtual meeting with the City Senior Planner to review the plans & get their blessings. The main milestone remains to get the project fully entitled in coming few months.

We have been working on the sales of the project with Joe Velasco & as a result of dropping the price on listing we are getting lot more interests and the realtor is now sharing the disclosures & latest plans, schedule, construction costs with them. 


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We are closely working on closing the deal on the sale of the property with one of the buyers. 

On the Planning Set#6 submission track, we are closely working with consultants & City planners to compile the set for submission in 1-2 weeks. The main milestone remains to get the project fully entitled in coming few months.


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We are closely working on closing the deal on the sale of the property with one of the buyers. 

On the Planning Set#6 submission track, we are closely working with consultants & City planners to compile the set for submission in 1-2 weeks. The main milestone remains to get the project fully entitled in coming few months.


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We have received a handful offers for purchase of this alluring 10-Unit Townhome project in the prime location of Fremont City and are working on closing the same.

On the Planning Set#6 submission track, we are reviewing the set internally & shall submit in coming 2 weeks and after that it will be more 4 weeks for review & then shall be following up for getting on the planning commission agenda & conduct neighorhood engagements to seek entitlements for the project. 


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We are on track to submit the Planning Set#6 to the city in the coming 2-3 weeks and after that it will be more 4 weeks for review & to be scheduled for the planning commission to seek entitlements for the 10 units Multi-family project. This week we also worked with Police & Code enforcement officers to clear the premises of trash & squatters and increased security around the property.

As informed last week, we are advertising the project with Joe Velasco as 'pending entitlements' with a listing price of $3.6M to generate interest and negotiate as best a deal as possible from there.


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We made significant progress in putting together the revised plans &  were able to creatively add on another bedroom to increase value while working on submitting the planning set (#6) to the city in the coming 3-4 weeks and after that it will be more 4 weeks for review & to be scheduled for the planning commission and get the project entitled which will be a major milestone.

While our primary plan of action is to seek entitlements for the 10 unit project, in order to mitigate risk and explore all options available to us, we signed a listing agreement with Joe Velasco this week to list the project . We are advertising the project as pending entitlements with a listing price of $3.6M. The goal is to generate as much interest and negotiate as best a deal as possible from there.


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As updated last week, We are exploring available options and working on updating financial model to check the project feasibility under different options available. We continue to work with Architect on completing the Planning Set which we expect to resubmit to the City. We look forward to be scheduled for the Planning commission to get the project entitled in next 8-10 weeks. 


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As previously stated, we have been through 5 rounds of Planning Submittals and working to resubmit for the 6th round. The delay in receiving response from the City planners has delayed the project schedule and the recent feedback from the City has led to change in setback lines leading to change in floor Plans which we have been working on to minimize impact of loss of build able square footage .
Given this impact of loss of nearly 1500 sq.ft. , we are updating our financial model to check on Project feasibility and considering all available options , we endeavor to take the best calculated financial decision for our Investors.


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As informed last week, we have updated floor plans for the building A whose footprint has shrunk due to feedback from city planner and compiling set for Re-submission next month.


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We are reviewing the multiple plans made by us with our consultants for the resubmission and we will be finalizing the plan as early as possible.


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We have prepared multiple plan options to mitigate the concerns raised by the planner in the last feedback and looking forward to finalizing the same with our consultant for the resubmission at the earliest


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We have received the feedback from the city planner and we have conveyed it to the architect and we are working to resubmit the package by the end of this month.


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The city Fremont planner has high work load, so they are taking some time to give their feedback but has given an assurance that they will give their feedback early next week.


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The city Fremont planner is taking some more time to provide their valuable feedback on the submitted set. We are following up meticulously with the city and working with our other consultants to ensure all requirments are met and submission locked in early next month.


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We have completed the updated architectural package and submitted it to the city planner for review. We are further working with our civil engineer and respective architect to complete the landscape architect.


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We received additional feedback from the City as part of the plan review process which we look forward to addressing next week by scrupulously working with our Architect. We are also working with the Title company on the Tract Map redecoration track.


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We continue to work with the City planner on getting the Plans reviewed & square off any risks while waiting to be scheduled on the Planning commission agenda next month.


As informed last week, we are meticulously working with our Architect to accomodate the changes suggested by the Panel of City plan checkers & look forward to submitting the set for review next week.


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This week we had a Online meeting with all Plan Checkers at the City of Fremont to get detailed feedback on our Plans to ensure all risks are squared off while we continue to work on the changes suggested & updating the Architectural set for Planning Submission#6.


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As informed last week, our latest site plan is still under review with the City Planner. We have already stared working with our Architect on updating the Architectural set for Planning Submission this month.


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Further to last week, our revised site plan option is currently under review with the City Transport Engineer & Planner. The City of Fremont has been extremely slow on providing complete comments & feedback on queries and we are following up closely to complete the Planning Submittal.


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The revised site plan as per city planners requirement is currently under review with the City Landscape Architect and we are pushing hard to submit the complete set of plans


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Further to last week's update, we have successfully prepared 2 Options for Site Plan to satisfy all City requirements and submitted to the planner for further review & approval, so that we can complete the Planning Set#6 accordingly next week. Also following up with the City for Community Meeting & scheduling Planning Commission.


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We had a meeting with the appointed city planner and received minor feedback on parking stall location and requirement for which we are meticulously working with the architect to update the site plan.


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As last informed, we updated all Plans as per feedback received from the City Engineer & Planner and look forward to log in our submission#6 with Planning department in intake meeting next week. 


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As per the City Planner instructions we have re-worked the Project Site Plans with our Architect & Civil Engineer to comply to Transport Department requirements for Parking stalls and sent it to the Planner for review before formally submitting the full Planning set to the City this month.


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We reviewed the Plans with the new City Planner appointed which has helped resolve our concerns and we are working closely with our Architect & Civil Engineer to close the last comment pending from Transport Department and looking forward to submit the Planning package#6 this month and further work on Building permit application set.


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Upon constant pestering the City Officials to move our Plan Check forward, the City has conceded to our requests and assigned a New & more Senior Planner to the Project. We look forward to work closely with the Planner & complete the final Planning Submission #6.


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We are following-up with the city plan checkers for completing review on the Planning Permit Set and looking forward to submitting the same formally at the earliest.


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We have addressed all the comments and submitted to the city plan checkers for review prior to formally re-submitting it this month end. 


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We are following up with the City Transport Engineer to help address the last remaining Transportation comment. Also, we have submitted our updated plans & responses to the City plan checkers for review prior to formally re-submitting it next week.


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We are following up with the City Transport Engineer & Arborist to help address the last remaining Transportation comments. Also, we have submitted our updated plans & responses to the City plan checkers for review prior to formally re-submitting it next week.


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As informed last week, we are working closely with our Civil Engineer and City Transport Engineer to address the only few remaining Transportation comments from the City of Fremont. Also, we are trying to get some time to review our submission with plan checkers prior to formally re-submitting it early next month.


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We are working with our Civil Engineer and our Architect to resolve the remaining comments from the City of Fremont. We are trying to get some time to review our submission prior to formally re-submitting it. However, if not able to schedule something within a reasonable timeline, we will thoroughly review and submit.


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As informed last week, We are working closely with our consultants and City plan checkers to get the revised plans reviewed prior to formal resubmission to the City of Fremont by month-end. However the responses are delayed as the City is short-staffed and working remotely. There are only two major departments - Planning & Transport that had outstanding comments. 

We are also preparing to install the construction fence around the property this week.  


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We have made significant progress in addressing comments from the planning and transportation departments and completing the Planning re-submission set. There are two major departments that still have outstanding comments required: We are working closely with the Plan checkers to get the set reviewed with them prior to formal resubmission to the City of Fremont.


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There are two major departments that still have outstanding comments required: planning and transportation. We have addressed the comments received and have reviewed them with transportation and are just now awaiting planning review prior to formal resubmission to the City of Fremont.


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We are working closely with our Architect & Civil Engineer for addressing the comments received on our Planning submission from City of Fremont. There were minor corrections made to the site plan on Friday to modify the size of two parking stalls and the shift of some landscaping. We are trying to set up a time to review our re-submission with our assigned Planner prior to resubmission to ensure completion and understand the timing for Planning Commission Hearing schedule


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We have finally received the feedback from the city on our last planning submission this week & working with our consultants on the few redlines / comments we got to turn it around at the earliest.


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We are pushing hard the City planners to provide feedback/approval on our Planning Submission at the earliest. We are also looking forward to the Community Meeting & Planning Commission hearing dates.


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As communicated last week, we heard back from the City planners & expecting comments/approval on our last Planning Submission soon next month. We are also looking forward to the Community Meeting & Planning Commission hearing  dates.


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We are waiting on receiving the comments/approval on our last Planning Submission & are closely following up with City Planners. We are also looking forward to the Community Meeting & Planning Commission hearing which we are pushing staff for dates.


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As announced last week, we are eagerly looking forward to receiving the feedback on our last Planning Submission & are closely following up with City Planners to clear any concerns. We are also looking forward to the Community Meeting & Planning Commission hearing.


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We are following up with Planners of the City of Fremont on our last Planning Submission which is now expected second week of November.

We are also looking forward to the Community Meeting in preparation to be heard at Planning Commission hearing.


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As informed last week, we are looking forward to receiving feedback from the City of Fremont on our last Planning Submission by second week of November. We are also closely following up with our Planner to organize Community Meeting in preparation to be heard at Planning Commission hearing.


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We are looking forward to receiving feedback on our City of Fremont Planning Submission. We are also working with our Planner to organize our Community Hearing and a meeting to discuss any remaining concerns.  


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We are closely working with the city planners and expecting to receive the final feedback on our last Planning Submission done on September 21st. Further, will be pushing the City of Fremont to provide a Planning Commission date.


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We are currently awaiting the City of Fremont's feedback on our latest Planning Submission. Meanwhile, we are working with the City to distribute and organize our Community Meeting in preparation to be heard at Planning Commission hearing.


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We submitted our planning submission and are currently awaiting hearing back from City of Fremont. We addressed all outstanding comments and are hoping to work closely with the reviewers this plan check cycle to try to ensure that no new comments arise.


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We submitted our Planning Application this week. We will be pushing the City of Fremont to provide a Planning Commission date. 


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We are targeting a resubmission in the coming week. Our consultants are working directly with the plan checkers in order to try to hash out as many concerns prior to resubmitting as possible. We are also working with the city of Fremont to receive mailing labels for the adjacent neighbors so that we can proceed forward in organizing our first community meeting.


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We had a call with our planner last week to review comments and were able to clear a number of the concerns the City of Fremont had regarding the application. It puts us in a very strong position for this next submission and being able to make strides towards getting on planning commission hearing.


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We have received minor feedback from the City of Fremont. They have some remaining issues with the modern architecture style which we are trying to work through with them. We have two different calls scheduled with them for next week. We will continue pushing our assigned Planner for our commission hearing while we wrap up remaining concerns.


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We have received feedback from two of six departments. One of which had minor corrections that we are working on and the other that does not have any further comments. Plan review times have been increased during COVID, but we are trying to work as closely as possible with the reviewers to try to expedite receipt of comments.


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We have submitted our plans for Planning Approval. We are currently awaiting feedback from the City of Fremont. We have begun reaching out to the plan checkers to try to answer any outstanding questions or concerns they may have. Our biggest focus right now is receiving OK from Public Works and from Landscape which has been the most difficult to appease to date. 


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The latest plan check is currently under review with the City of Fremont. We just completed the updated renderings that we are happy to be able to share with you today. We will be using these renderings for both showing to the plan reviewers during their review, but also during eventual Planning Commission Hearing.


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We have completed our submission to the Planning Department and the plans are currently in for review with the City of Fremont. We are reaching out to the individual reviewers to ensure that they have both received the plans and that it contains the information that is required to complete their review. 


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The project was submitted last week and we are working with the City of Fremont to ensure they are in receipt of all digitally submitted documentation. We are also working with individual reviewers to ensure that each of their concerns is addressed in this round. We will be following up with additional renderings for the landscape to more accurately depict screening between us and the neighbor and also the volume of vegetation between the garage doors.


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The team is working to submit what we hope to be our last formal Planning Submission. This last week we also completed PG&E disconnects on the property. And are in the process of preparing agreements with the City of Fremont regarding affordable housing and public improvements that will be taking place.


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We are completing our next Planning Submission over the coming few days. The objective of the next round will be to address any and all outstanding comments and to get support from the Planning Staff.


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We are targeting a resubmission date for this coming week. We have individually met with the Departments in the City of Fremont that have the most outstanding concerns. Currently, our biggest obstacle appears to be satisfying the Landscape reviewer's requirements. The site is rather tight, and as a result, are working very closely to try to ensure that we are adding as much landscaping as possible while of course taking into consideration the Civil and Architectural requirements in the project. 


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We just received the comment letter from our third submission to the Planning Department. Overall, we do not see any major remaining hurdles however there are a number of items to iron out with individual departments prior to receiving their blessing. Our goal will be to work with staff in order to gain support for our next submission, and soon after push to be put on the Planning Commission schedule.


We just received the comment letter from our third submission to the Planning Department. Overall, we do not see any major remaining hurdles however there are a number of items to iron out with individual departments prior to receiving their blessing. Our goal will be to work with staff in order to gain support for our next submission, and soon after push to be put on the Planning Commission schedule.


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We are awaiting comments from our latest Planning Submission. From our conversation with our assigned planner, the initial feedback was very positive. We are hoping that there are only minor comments remaining that can quickly be addressed so we can begin to push to be heard at Planning Commission.


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Our latest planning submission was well received from the staff and we have had numerous conversations with the individual departments during the review period to try to address as many concerns as possible mid-cycle. We anticipate receiving compiled feedback from our Planner any day now.


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We had an excellent call with the planning department last week and have since been working to provide them with additional information they had requested. We are scheduled to formally hear back regarding our last submission next Friday.


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We had an excellent meeting today with the City of Fremont. The objective of the meeting was to go through our last submission and to walk them through how we are addressing their previous questions and concerns. We are anticipating formally hearing back from Planning at the end of May. In the meantime, we are working with the design team and preparing for development of the plans. 


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We are working to set up meetings with individual departments at the City of Fremont while they are reviewing our third Planning Submission. The objective will be to try to catch any comments prior to release in hopes to try to expedite entitlement process. 


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We have sent follow up emails to each department in an effort to arrange calls for next week to review with them on a one-on-one basis. In the meantime, we are planning to work on getting the required consultants on board, majorly Structural, and MEP. 
 

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We have submitted our third Planning Submission. It is currently under review from the City of Fremont. We will be following up during the course of review with the individual departments to try to address any questions or concerns as they arise.


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We have completed all the required documentation for Planning Submission #3 and have submitted electronically to the City of Fremont. We will continue to make strives towards working with the departments directly to ensure that their comments and concerns were adequately addressed. 


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We will be submitting our third formal submission to the City of Fremont next week. Since we are now conforming to R3 standards, we will not be re-zoning. As a result, we will need to only be heard at the Planning Commission and not City Council.


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We are actively working on our third submission to the Planning Department. This includes all the changes we have made over the last couple of months in an effort to conform to the underlying zoning standards. We are hopeful to be able to digitally submit the plans and our response letter to respective departments by middle of April.


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We have completed coordination across disciplines and have targeted a resubmission date of early April. As a part of that submission, we will be complying with the underlying R3 zoning as to avoid having to go to the City Council.  Over the next few weeks, we will also be working with the individual departments within the City of Fremont to ensure that their individual concerns have been addressed in order to best assure that any comments we get are minor in nature.


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We have received confirmation from the City of Fremont that we will need to lower eave height of structure to 30’. As a result, we will be modifying floor plans slightly to make sure we make the best use of ceiling heights. We will be working with our team over the next couple weeks to prepare a resubmission package.


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We will be working with our Architect next week to modify the ground floor-plans to shrink 2' depth of the units in order to accommodate the necessary space on site. Once finalized, we will then proceed forward with our design development packages based on the re-design.


We had a call with the City of Fremont Public Works department and are waiting for their department head to confirm if the proposed Utility Plan satisfies their requirements. This decision will determine Architectural design including the building height which we are fighting for so maintain as high floor to ceiling dimensions as possible.


We have been able to work with the water department and with Engineering this week to get feedback on our utility plan. Currently, the utility meter locations are the largest obstacle to the project. Fremont has been extremely particular regarding utilities, more so than any other jurisdiction that we have come across. All of this coordination on the front end of the project will hopefully expedite during the building phase.


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We have a preliminary utility site plan together which eliminates the requirement of a 30-foot eave height constraint that we were previously grappling with. The time it has taken to work with the water district and with Public Works on this topic is certainly longer than we would typically spend at this stage of the project. However, we hope that due to this time upfront on coordination we can save some time during the construction document phase. We will be sending over the plan for Public Works to review next Tuesday.


We are working very closely with Public Works, Fire, and Planning to resolve a building height/road width conflict. This is the last major review item remaining in our Planning Application. We are hoping to have resolution to this item next week so we can proceed forward in submitting what we hope will be our final Planning Submission.


Following our meeting with fire and public works, we are finilizing our utility locations on the site in order to acheive the road width required to proceed with our current site layout and architectual design.  We plan on solidifying our plan sets in order to submit to planning next week.


We are working through design constraints with the fire department and have meeting set up next week to determine if we can work with them to widen our proposed private roadway to satisfy fire requirements.


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We are finilizing our submission set with consultants in order to submit to planning next week.


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We had a meeting with Public Works in regards to our revised site layout which was extremely productive.  We also had all other departments there who were able to give valuable insights on ensuring our submission is complete. We are working with our architect, civil and landscape to prepare our third submission to the city next week.


We have received verbal OK from Planning staff regarding the revised site layout of three attached buildings comprising a total of 10 units. We are awaiting confirmation for a meeting date with Public Works. Meanwhile, we are working on our Design Development of our third submission to Planning.


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We have completed our revised architectural site plan in tight coordination with the City of Fremont, planning staff. We will be working with our Civil Engineer to revise their plan in order to review with Public Works prior to working on design development on the rest of the drawings. Due to the change we are making of attaching the units into 3 buildings, we will avoid having to go to City Council.


On Central Ave, we received clarity on the two open items that came out of our meeting with planning last week.  Great news is we do have planning staff support for a reduced setback along Argyle, which is significant for achieving the unit sizes we would like to along that frontage. We received our updated site plan and CAD files from our Architect today (see attached), and are going out to consultants for revisions on civil and landscaping in order to resubmit as early as possible in January.  Once submitted, we will be driving full speed ahead to achieve planning staff full support in order to schedule for planning commission hearing.


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On Central Ave, we have made several significant updates to the site plan based on planning feedback.  Most notably, in order to avoid city council review, we are attaching the units in 3 separate clusters of homes.  There will be two triplexes and one fourplex.  We are meeting with engineering in order to implement any final changes before our final submission.

Based on our revised plans, we are seeking planning staff support in order to move ahead to planning commission hearing.

 


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We are working closely with the city of Fremont to gain clarity on their second round comments. We have a meeting with staff on Wednesday of this week where we will be presenting the deviations which we are requesting in attempt to get their blessing. We will be presenting multiple options to increase our chances of getting a very direction from the city.


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We are preparing for the follow-up meeting with Planning and Public Works. By working closely with the plan reviewers, we are hoping to help minimize future critics. There have been many staff changes on our project which has led to some inconsistencies in feedback that we are hoping to gain clarity on prior to this third submission.


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We had two meetings with Planning and Engineering this week. We are working through response to their comments right now. They have concern over the Right of Way area and also the deviation between buildings we are requesting to keep them as duets.


We had a meeting today with staff to discuss project status and design elements. As a result of the meeting, we are making minor architectural changes to the elevations, changing the front door locations on the units so they face Central Ave, and also working to change the colors of materials. We will be having a following up meeting next week with the Engineering and Planning staff prior to resubmitting our plans. 


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We have received the second round of comments from the City of Fremont and are currently working to address concerns. We have a follow-up meeting with the City next week prior to resubmission to ensure that we are satisfying requirements.


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We are still waiting on the comments that were due to us from the city of Fremont on Oct 18. At this point City of Fremont is 2 weeks late in responding back to us from their commitment. We are repeatedly reaching out to them via phone calls, emails as well as in person visits and trying to receive the comments ASAP.


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We are still waiting on the comments from the City of Fremont on our last round of submission. The comments were due to us on Oc 18. We are pursuing with the city to get the comments early next week.


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We are expecting to hear comments on our last submission by end of day today. We are not expecting any major surprizes and should be able to move to the next round shortly thereafter.


We are awaiting comments from the City of Fremont. They have told us that we can anticipate hearing back by October 18th.
 

We are still waiting on receiving feedback from the City of Fremont. Our expectation is to receive it sometime next week.

 


We are waiting on the City for the feedback at this time. We are working on exterior renderings. Also selecting structrual engineer for the project.


The team submitted the 2nd round planning submission set this week. We are now waiting on the feedback which should take about 30 days. The team will internally work on renderings and budgets.


Over the last several weeks, the team has iterated over different layouts of the project and finally the team is ready to submit a version of plans to the project that meets the requirements of various agencies. We expect the submittal to be early next week.


All of our consultants are busy completing the formal submission sets and we expect to submit for the 2nd round of review by end of next week. 


We are still waiting on Public Works review of our submittal addressing their previous comments. In anticipation of positive outcome as well as in order to move the process forward as quickly as possible, we have authorized all the consultants to prepare the formal submital set.


We have been working with the city planner to get their buy in on whether the project should be submitted as planned development or as existing zoning with a variance. We are also waiting on feedback on public works.
 

We have been waiting on the City Public Works official to confirm that our design changes to address their comments are satisfactory. We are following up with them and hoping to meet with them early next week along with Head of Planning at Fremont to ensure their support for the project.

 


The team met with City Planning Staff, received the feedback and the feedback was incorporated by architect and civil engineers. We are waiting on another review from Public Works early next week (who has already provided extensive feedback earlier and we have incorporated it already). We are hoping for a quick approval and if that happens, our team will quickly formalize the documents and submit for a formal review, round #2. 


Our architect and civil engineering team has worked to incorporate all the feedback so far from City Public Works staff and have sent it back to them for review. We also are trying to setup a meeting with Head Planner early next week to make sure we have their feedback or hear any concerns from them on the latest version of the plans.


The engineering team is working is close loop with the City Staff to ensure the comments from 1st round are addressed completely and to the satisfiction of City Staff. We are targetting to do a formal resubmission for round 2 by end of next week.


We received comments from various agencies at City of Fremont. The biggest concerns came from Public Works who requested larger setbacks from the streets. Our architect has already provided a revision to the concerned person and we are working diligently to address Public Works concern before we submit formally to all agencies.


The team met with the assigned Planner  for the project. Currently the City Staff is reviewing the submitted plans and will provide feedback on 19th. There is a meeting setup for July 19th at City of Fremont to review the comments.


We got our planner assigned to the project and the project review is scheduled to be completed by july 19.  we are also scheduling a meeting with the assigned planner next week to get early feedback.


We are still awaiting the planner to be assigned and recieve first round comments in 3-4 weeks.


We got  the updated plans from the Civil Engineer and we completed the submition to the City of Fremont.

We are waiting for the feedback from the city within 30 days.


Team is ready with the submittal to the city of Fremont. We will be submitting on Monday.


We received the exterior elevations and plans from architect and provided feedback. The team is working hard to meet the June 14th deadline to submit first round planning submission to the City of Fremont.


Today, we completed the purchase of the two parcels for our Fremont project. We also hired the civil engineer and the team is on track to submit the first round of submission to planning department in June.


Our architect has put together the site plans, floor plans and elevations. The team is reviewing and will provide feedback shortly. Also the civil, landscape and other consultants are working on their parts for the first round planning submission. We are targeting to submit in the next 4 weeks.

 


Topographic Survey was completed on the property and the architectural work is beginning.

We are working on hiring the Civil Engineer and other Consultants.

 


We have signed the architechtural as well as topographic survey contracts. The topographic survey has been schedulued for next week

We are working on closing the purchase escrow on 5/30 and are working on raising the capital in fund 2. We are also finalizing the lender for the 1st loan on the property.


We are at the last stages of our diligence and have removed all the contingencies on the project. We are also about to finalize an architect for the project and expect to do our first submittal of the 10 unit plan  to the planning department in 6 weeks.


We have met with the planning staff and various govt. agencies at the City of Fremont and have strengthened the possibility of 10 homes project on the site. We also eliminated the risk of the site being historical, hence the structures can be demolished. Currently  we are focusing on finalizing the architect at which point we will go full speed ahead with putting together the planning submission set.

Stay tuned!!