logo
logo
18 Units @ 475 Fair Oaks Sunnyvale
about
Overview

This common equity raise is for the acquisition, entitlement and build out of our new development in Sunnyvale, CA (475 N. Fair Oaks Ave. & 585 and 595 Columbia Ave.), which is comprised of 18 3-story townhomes in the heart of Sunnyvale. The project consists of three separate parcels, each of them with multiple units, which we are stitching together into one buildable site to take advantage of the higher density allowed by their zoning designations. The site is located on the corner of Fair Oaks Ave. and Columbia Ave. which is right off of Maude Ave. and just across 101 from the Sunnyvale Google, Amazon, Lockeed Martin Campuses, among others. The property is also located 1 mile from Downtown Sunnyvale and the Sunnyvale Caltrain Station!<br/><br/> We have completed our due diligence on the project and have removed contingencies on all three parcels. We have an extended close of escrow on all three properties, so are now moving full speed ahead to complete entitlements, receive our building permits and break ground on construction. Each of the units will be roughly 1900 square feet with a two car attached garage, 4 beds/3 baths, as well as a roof top deck! The term of this investment is roughly 24 months, in which time we will entitle, build out, and sell all 18 homes.

about


As informed last week, persuant to our follow-ups we received the Tenant Relocation Plan feedback from the City. We are now working meticulously to update the same & look forward to meeting City officials for submission next week. The Building Permit Set is compiled & ready for re-submission to the City by end of this month. 

The major milestones to receive the Building Permits are:

1. Building Permit: Building permit & Miscellaneous Permit plans approval expected in next 3 Weeks.

2. Parcel Map- Re-submittal of revised map as per comments expected next week & approval of Final Map plans expected in next 2-3 weeks.

3. BMR Agreement recordation: Feedback on Tenant relocation plan expected early next week, followed by 30 day Public noticing. 

4. Building Permit Issuance post Map recordation in 1-2 Weeks


Aron developers fairoaks %28aron place%29 ext view 05 black tpo Aron developers fairoaks %28aron place%29 ext view 06 black tpo

This week we followed up with the City for the Tenant Relocation Plan feedback which is delayed by over 20 days which is delaying BMR Agreement recordation which is critical for Building Permit issuance. Same was escalated to the City Manager & now they have assured of response early next week. The Civil Off-Site Plans were updated & reviewed and tentatively approved by City Engineer and we look forward to formally submitting the same next week. We have made significant progress in finalizing Construction IFC Drawings, Interior Designs, hard bids as we are on track to start construction in next 6 Weeks. The major milestones to receive the Building Permits are:

1. Building Permit: Building permit & Miscellaneous Permit plans approval expected in next 3 Weeks.

2. Parcel Map- Re-submittal of revised map as per comments expected next week & approval of Final Map plans expected in next 2-3 weeks.

3. BMR Agreement recordation: Feedback on Tenant relocation plan expected early next week, followed by 30 day Public noticing. 

4. Building Permit Issuance post Map recordation in 1-2 Weeks


Aron developers fairoaks %28aron place%29 ext view 01 Aron developers fairoaks %28aron place%29 ext view 03

We have updated our architectural set as per the Planning comments received and look forward to submitting the compiled Building Permit set#4 next week. We are also working closely with the City's Engineer to address all balance comments on Final Map / Off-site improvements track & also following up with the DRE for the White Reports which is expected early in November to be able to sign contracts for selling the units which we are already advertising widely & receiving great response! At our LIVIO R&D Lab in Pune,India, we have prepared the 'Erection sequence manual' that will enable us to erect the unit panels using lego like instructions which has enabled us to reduce our construction timelines by nearly 30%.

We are on track to start construction in next 5-6 Weeks. The major milestones to receive the Building Permits are:

1. Building Permit: Building permit set expected to be submitted next week. Miscellaneous Permit & balance documentations approval expected in next 2-3 Weeks

2. Parcel Map- Re-submittal of revised map as per comments expected this month & approval of Final Map expected in 3-4 weeks.

3. BMR Agreement recordation: Feedback on Tenant relocation plan expected early next week, followed by 30 day Public noticing. 

4. Building Permit Issuance post Map recordation in 1-2 Weeks


Fair oaks  unit01 floor2 dining area Fair oaks  unit01 floor2 kitchen Fair oaks  unit01 floor2 living area Fair oaks unit01 floor3 master bedroom

We have successfully closed the $800k, 200k remaining on Fair Oaks Preferred Equity Raise!!

As a significant milestone, we had completed the complete 3 Level Unit erection at our factory in Pune and look forward to receiving the IAPMO certification to begin with the final production of panels. We had received the balance feedback from the planning department on our building permit submittal and we are working with our architect to address the balance minor comment received. We had also received the final map, off site package feedback from the public work department last week and closely coordinating with our Civil Engineer to re-submit the updated package.

Fair Oaks- Marketing Update: We started advertising the Units to end buyers and have started receiving interest. We cannot sign contracts and take deposits till we receive white slip from DRE which we expect to receive in 6 weeks.

We are on track to start construction in next 6-7 Weeks. The major milestones to receive the Building Permits are:

1. Majority Plans Approved on Building Permit track. Miscellaneous Permit & balance documentations approval expected in next 2-3 Weeks

2. Recordation of the Parcel Map- Feedback received on last submittal & approval / recordation of Final Map expected in 4-5 weeks.

3. BMR Agreement recordation with City in next 4 weeks

4. Building Permit Issuance post Map recordation in 1-2 Weeks


Aron developers fairoaks %28aron place%29 ext view 02 Aron developers fairoaks %28aron place%29 ext view 03

Last few spots remaining! $700K of the additional $1M raise has been raised, leaving only $300k remaining in the Fair Oaks Preferred Equity Raise.

We have further received approval on our architectural and MEP set and the feedback is pending only from planning department. We are also expecting the approval on our offsite improvement pacakges by next week. As a milestone, DRE has issued the Preliminary Public report for Aron Place. We ar enow able to market the property and take fully refundable reservations. We are also working on updating our website Aron Place to begin with sales. Our LIVIO Factory team in Pune, India have further started erection of Level 3 -LGS Panels of the Test Unit.

We are on track to start construction in next 7 Weeks. The major milestones to receive the Building Permits are:

1. Majority Plans Approved on Building Permit track. Balance documentations approval expected in next 2-3 Weeks

2. Approval of Off-site Improvement & Final Map Plans by Public Works Department in next 2 Weeks

3. Recordation of the Parcel Map post approval of plans in 3 weeks

4. BMR Agreement recordation with City in next 5 weeks

5. Building Permit Issuance post Map recordation in 1-2 Weeks


Aron developers fairoaks %28aron place%29 ext view 06 black tpo Whatsapp image 2021 08 16 at 20.46.11

$600K of the additional $1M raise has been raised, leaving only $400k remaining in the Fair Oaks Preferred Equity Raise.

This week we have received partial feedback on the building permit set, most of the departments like environmental services, fire and public work have approved our plans. We are further following up to receive the balance comments from the city. We have also received comments on miscellaneous permits track and working with our arhitect to incorporate the same and resubmit to the city by next week. The off site improvement package and the final map has been resubmitted to the city and we expect approval by the end of this month. Our LIVIO Factory team in Pune have further embarked on another milestone of completing erection of Level 2 -LGS Panels of the Test Unit.

We are moving steadily on our track to start construction in next 8 Weeks. The major milestones to receive the Building Permits are:

1. Partial Approval on Building Permit Sets Received. Balance Plan Approval expected in next 3-4 Weeks

2. Approval of Off-site Improvement & Final Map Plans by Public Works Department in next 3 Weeks

3. Recordation of the Parcel Map post approval of plans in 4 weeks

4. BMR Agreement recordation with City in next 6 weeks

5. Building Permit Issuance post Map recordation in 1-2 Weeks


Aron developers fairoaks %28aron place%29 ext view 02 Fairoaks exterior v4 Whatsapp image 2021 08 09 at 20.05.59

A all new opportunity, with almost no Risk and High returns

$600K of the additional $1M raise has been raised, leaving only $400k remaining in the Fair Oaks Preferred Equity Raise.

 

As a recap, we have made significant progress in the last month, in moving towards building permits and completed the demolition work to start of construction:

 

  1. We have solidified our construction financing with the most attractive lender terms available
  2. We have closed the escrow on all the 3 of the parcels.
  3. We are having success in testing the market by listing the first of the 18 units at $1.95M

 

We recently solidified our construction financing which is positioning the project to require additional equity, which is why we are raising this additional $1M of preferred equity, bringing the total preferred equity contribution to $4M. We are raising the fund to meet the lender requirements for construction financing for equity in the project. Furthermore, we are finding success via our testing of the market with our first listing of the 18 units, in hopes of moving towards our first pre-sale. This raise, and the closing of escrows, will allow us to move ahead with engaging potential buyers in order to move into non-contingent contracts on the homes.

 FUNDS

We currently have $3.6M out of the $4M of total raise, meaning that we have an additional $400k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

 

As a reminder, this Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! The project is fully entitled and we will be breaking ground on construction in the coming few days. As a preferred Equity investor a 15% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 16.5% annualized return for the Preferred Investors, which includes the profit share. As we are committed to growing our investor wealth and building good relationships hence we are increasing our return on investment for this specific class of investment preferred shares. The project is in the construction phase and expected to be completed in 20 months.

 

 

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to presell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple and especially Google! (Google Cloud headquarters building just across 237)

 

These final spots in the offering will not be available long, so be sure to CLICK HERE in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650)567-4701.

 

Looking forward to connecting with you soon!

 

Kirti Agarwal,

Funds Manager,

650-567-4701

 


External Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area

We have started a new series of Preferred Equity Investment opportunity, which will fetch you a preferred return of 15% annualised plus 5% share in profit on pro rata basis, for more details click here. We are following up with the city to receive approvals on building permit and miscellaneous permit packages early next month. As part of the conditions of approval we have enrolled in the county site clean up programs and as planned looking forward to submit the offsite packages next week.


Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area

We are extremely excited to inform you that we have started a new series of Preferred equity investment opportunity! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

As a recap, We already raised $ 3M Preferred Equity for Fairoaks in the Last two rounds and have closed escrow on all the three parcels, leading to all the heavy risk factors being mitigated. Now this would be the last round of raise for the project to fuel the start of construction as we have completed the demolition work!

New Opportunity

This new Preferred Equity series of investment  will fetch  a preferred return of 15% plus 5% share in profit on a pro rata basis. With this information it brings an awesome opportunity for you to invest in an asset class where the risk associated has come down drastically but the return on investment has increased as we need to close out this raise pretty soon. As we are committed to growing our investor wealth and building good relationships hence we are increasing our return on investment for this specific class of investment preferred shares. The project is about to enter the construction phase and expected to be completed in 20 months.

 

Funds

We are on the final stage of securing the Debt for starting construction  full speed ahead and  completing the project on time. We are raising the $ 1M as per the lender requirements for construction financing for equity in the project.

 

General Information

As a reminder, this new series of Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! As a Preferred Equity investor, in this new series you will receive a 15% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 16.5% annualized return for the Preferred Investors, which includes the profit share.

 

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to pre-sell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple, and especially Google! (Google Cloud headquarters building just across 237)

 

This opportunity is about to filled out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


Fair oaks unit03 floor2 living area Fairoaks demo 3 Fairoaks exterior v4

As planned, the pot holing work has been completed at the site and has sent the recorded observation to the civil engineer for updating the offsite submisssion package. The inspection for the same is scheduled next week. The building permit package as submitted has been logged in for review and approval expected in 1st week of August. At our Livio Building System factory in Pune, India, we are steadily moving ahead to erect the test unit completely assembled and manufactured in house meeting all international quality standards, we are pleased to share the images.


Whatsapp image 2021 07 20 at 19.02.59 Whatsapp image 2021 07 22 at 17.28.27 %281%29 Whatsapp image 2021 07 22 at 17.28.27

We have started a new series of preferred equity for the existing investors, which gives a preferred equity return of 15% Invest Now. Our application for encroachment permit has been approved by the city and we are going to start the pot holing work early next week. This would further help us update the off site improvement permit package and resubmission to the city by end of this month. The building permit package number 3 has been submitted to the city for final review.


External Aron developers fairoaks %28aron place%29 ext view 04

We have completed the majority of the panel erection for the test unit at our Livio factory in Pune, India and we are in the final stage of getting the IAPMO certification. We are also awaiting the feedback from the city on the encroachment permit which is due early next week. We have also completed the inspection of the demolition work done on site.


Fairoaks demo pic Fairoaks exterior v4

After due discussion with the city planner and engineers we have compiled the building permit submittal and look forward to login the same with the city next week. Also demolition work including the utility cap off is completed. We have also resubmitted the encroachment permit application as per the feedback received early this week.


Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area

The spots in the Preferred Equity Raise are filing very fast as we have already filled $500K out of $ 1M raise. The LGS panel assembly for the test unit is in progress at our Livio factory in Pune, India, which is a significant milestone. The demolition work is near to completion and the final inspection scheduled early next week. Also we are in discussion with the city planner for value engineering proposal which would help us in choosing an economically viable materials.


Aron developers fairoaks %28aron place%29 ext view 04 External

The spots in the Preferred Equity Raise are filing very fast as we have already filled $500K out of $ 1M raise. We are progressing handsomely in the demolition work and will be completing it in the next week. We are working with the city to pull the encroachment permit and also submitted the off-site and final map package. We have completed the Test unit production of LGS (Light Gauge Steel) Panels successfully with 0% defect at our Livio factory in Pune, India and started assembling the panels.


Aron developers fairoaks %28aron place%29 ext view 04 Fairoaks demo 3 Fairoaks demo 4

As announced last week regarding new Preferred Equity raise, we already have filled $500K and only few spots are remaining to invest. This week we hit another milestone as we successfully pulled our Demolition Permit and full-fledged mobilized at site to start the Demolition work which is estimated to be completed by end of this month. We are closely working with consultants to re-submit the Building Permit Package to City next week.


Whatsapp image 2021 06 14 at 10.12.42 pm Whatsapp image 2021 06 14 at 10.12.42 pm %281%29 Aron developers fairoaks %28aron place%29 ext view 05

We had raised $ 3M Preferred Equity for Fair Oaks in the Last two rounds. We are now raising the $ 1M to fund the remaining soft costs on the project as we near to pulling the Building permits. We have continued to achieve 0% defect in LGS (Light Gauge Steel) Panels manufacturing for the Units at our LIVIO factory in Pune, India. We have also closed on the Interior designing package of the luxurious modern units and look forward to submitting the Off-site Improvement Permit & Building Permit Set to the City next week.


Aron developers fairoaks %28aron place%29 ext view 05 black tpo Aron developers fairoaks %28aron place%29 ext view 06 black tpo

We are extremely excited to share that we have expanded our band of Preferred equity investment opportunity ! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

As a recap, We already raised $ 3M Preferred Equity for Fairoaks in the Last two rounds and have closed escrow on all the three parcels, leading to all the heavy risk factors being mitigated. Now it is the last round of raise for the project, fueling the start of construction as we are going to get the Building Permit most probably in the coming month!

Funds

We are on the final stage of fetching the Debt and will be securing it within the next 40 days for starting construction with a full pace and to complete the project on time. We are raising the $ 1M to fund the remaining soft costs on the project.

Refer and Earn

Thanks for being a part of the Aron - Investors family. Just as you have supported us and helped us grow over the years, we continue to seek your support as we have started an exciting program for you to earn a passive income on your active investment on fairoaks project as a “Refer and earn” program. Refer us to your friends and family that may be interested in investing in this opportunity. If your referral turns into a qualified investor by investing the minimum amount, you earn $ 3000 or 5% of the invested amount(whichever is higher) on every investor that you bring to the table, we will pay you an extra  referral bonus at the time of investment return !

 

General Information

As a reminder, this Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! As a Preferred Equity investor, you will receive an 8% annualized preferred return until we break ground, and then a 12% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 14.5% annualized return for the Preferred Investors, which includes the profit share.

 

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to pre-sell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple, and especially Google! (Google Cloud headquarters building just across 237)

 

This opportunity is about to filled out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


Fairoaks exterior v1 Capture

We have closed majority of the comments as received on the Building Permit Set and shall be compiling the set for submission next week. We also had a review meeting with the City Civil Engineer and Planner for our Final Map approval which is on the critical path to Construction.


Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area

The Pre-engineered LGS Panels production at our Livio Building Systems Factory unit in  India continues as per schedule while our design team is working on completing Shop drawings for all Units.
The full set of Building Permit plan check comments were received this week and all our consultants are in action to complete the Re-submission package by end of this month. 
We are also closely coordinating with all city plan checkers to mitigate any risks in the Final Map recording track.


Aron developers fairoaks %28aron place%29 ext view 03 Aron developers fairoaks %28aron place%29 ext view 04

The Test unit production using LGS (Light Gauge Steel) at our Livio Building Systems Factory unit in Pune is in full swing with a number of Panels Manufactured andassembled.

 We have submitted the Offsite Improvement & Final map Package to the City this week & received Minor comments on our last Building permit submission from City. Our team is working meticulously to respond to the same at the earliest.

 

Last few Seats remaining for the Preferred Equity Raise, only $50K left Invest Now !!


Aron developers fairoaks %28aron place%29 ext view 05 Aron developers fairoaks %28aron place%29 ext view 06

As a major Milestone, We have successfully completed our IAPMO certification inspection and have started on Test unit production using LGS (Light Gauge Steel) at our Livio Building Systems Factory unit in Pune. We are on-track to re-submit the Offsite Improvement & Final map Package to the City next week & we got a positive response from the Principal Planner to get an expedited Demolition Permit on this project. 

Last few Seats remaining for the Preferred Equity Raise, only $200K left Invest Now !!


Aron developers fairoaks %28aron place%29 ext view 03 Aron developers fairoaks %28aron place%29 ext view 04

We have logged in the Building Permit submission and the expected approval date is the mid of May. We are gearing to receive the IAPMO certification and subsequently start full fledged production of structural units using LGS (Light Gauge Steel) at our Livio Building Systems Factory unit in Pune. Also, the full VR walkthrough video uploaded on our Aron Place website.

The Preferred Equity Raise is almost full, is just $200K left. Please book your seats fast before it's filled out Invest Now


Aron developers fairoaks %28aron place%29 ext view 02 Aron developers fairoaks %28aron place%29 ext view 06

As a Milestone, this week we have successfully fabricated our first set of Pre-Engineered LGS (Light Gauge Steel) Panels for Aron Place Project at our LIVIO Building Systems Factory unit in Pune, India through a completely automated technology driven process. ADL 11 LLC, now owns title for all 3 land Parcels and we have successfully submitted our Building Permit Set#2 to the City.


External Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area

$1.3M of the additional $1.5M raise has been raised, leaving only $200k remaining in the Fair Oaks Preferred Equity Raise.

 

As a recap, we have made significant progress in the last month, in moving towards building permits and the start of construction:

 

  1. We have solidified our construction financing with the most attractive lender terms available
  2. We have closed the escrow on the 2 of the parcels out of the 3(escrow on first parcel was closed in November, 2020), in order to begin pre-sales
  3. We are having success in testing the market by listing the first of the 18 units at $1.95M

 

We recently solidified our construction financing which is positioning the project to require additional equity, which is why we are raising this additional $1.5M of preferred equity, bringing the total preferred equity contribution to $3M. We were anticipating this need for equity which is why it has been captured in the proforma from the beginning of the raise. In order to move ahead with construction of the project as well as pre-selling of the units, we need to acquire the Demolition Permit (expecting to receive approval by the end of this month). We are planning to start the demolition work in this quarter only. Furthermore, we are finding success via our testing of the market with our first listing of the 18 units, in hopes of moving towards our first pre-sale. This raise, and the closing of escrows, will allow us to move ahead with engaging potential buyers in order to move into non-contingent contracts on the homes.

 

We currently have $2.8M out of the $3M raised, meaning that we have an additional $200k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

 

As a reminder, this Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! The project is fully entitled and we will be breaking ground on construction in the coming few days. As a preferred Equity investor, you will receive an 8% annualized preferred return until we break ground, and then a 12% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 15.5% annualized return for the Preferred Investors, which includes the profit share.

 

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to presell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple and especially Google! (Google Cloud headquarters building just across 237)

 

These final spots in the offering will not be available long, so be sure to CLICK HERE in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650)567-4701.

 

Looking forward to connecting with you soon!

 

Kirti Agarwal,

Funds Manager,

650-567-4701


Fairoaks exterior v1

As a milestone we have closed the escrow on two remaining parcels of land and are looking forward to completing transfer of the ownership title to ADL 11 LLC, for final map recording with the city.


Aron developers fairoaks %28aron place%29 ext view 04 Fairoaks exterior v4

We are pleased to share that we have successfully raised a total of $ 2.65 M in preferred equity & $ 0.3 M in Common equity for the project & on track to close escrow on the 2 Parcels of land. Also, we have received minor comments on Demolition Permit package and are working with the City Officials to get an expedited Demo Permit for the project.


Aron developers fairoaks %28aron place%29 ext view 01 Aron developers fairoaks %28aron place%29 ext view 05

We are on-track to close Escrow on 2 parcels of land early next month and have closed majority of the comments received from City on our Building Permit Submission #1 and closely working will all our consultants to finalize Building Permit Set. We are following-up with PG&E for providing Joint Trench Designs and working with PW Dept. staff for Final Map package re-submission to the City this month.


Fairoaks unit03 1st floor plan Fairoaks unit03 2nd floor plan Fairoaks unit03 3rd floor plan

We are excited to share that out of a total $3M Fair Oaks Preferred Equity Raise, $2.6M is completed till date, only a few investment spots remaining now!

We successfully re-submitted the Demolition Permit Application this week and look forward to receiving approval by this month end. We are meticulously working will all our consultants to finalize Building Permit, Final Map & Off-site Improvement permit package re-submissions to the City of Sunnyvale this month and on track to break ground next month.


Aron developers fairoaks %28aron place%29 ext view 03 Aron developers fairoaks %28aron place%29 ext view 04 Aron developers fairoaks %28aron place%29 ext view 05

We are excited to share that $1M of the $1.5M Fair Oaks Preferred Equity Raise is now completed, leaving only a few investment spots remaining.

We have closed majority of the comments and compiling the drawing sets as we look forward to submitting the Building Permit package #2 to the City. We are also tracking the submission of Final map package Approval.


Fairoaks unit01 floor 1 bar area Fairoaks unit01 floor 1 gym area Fairoaks unit01 floor 1 office area

We are excited to share that $1M of the $1.5M Fair Oaks Preferred Equity Raise is now completed, leaving only a few investment spots remaining. Please be sure to make your commitment, or reach out to us, in order to reserve one of the final spots in this raise!

As a recap, we have made significant progress over the past month in moving towards building permits and the start of construction!

1. We have solidified our construction financing with the most attractive lender terms available
2. We are moving to close escrow on 2 of the parcels out of the 3 (escrow on first parcel was closed in November, 2020), in order to begin pre-sales
3. We are having success in testing the market by listing the first of the 18 units at $1.95M, and are having conversations with interested buyers

We recently solidified our construction financing which is positioning the project to require additional equity, which is why we are raising this additional $1.5M of preferred equity, bringing the total preferred equity contribution to $3M. We were anticipating this need for equity which is why it has been captured in the proforma from the beginning of the raise. In order to move ahead with construction of the project as well as pre-selling of the units, we need to close escrow on the 3 parcels. We are planning to close escrow on the remaning 2 parcel by the end of this month. Furthermore, we are finding success via our testing of the market with our first listing of the 18 units, in hopes of moving towards our first pre-sale. This raise, and the closing of escrows, will allow us to move ahead with engaging potential buyers in order to move into non-contingent contracts on the homes as soon as possible!

Again, we currently have $2.5M out of the $3M raised, meaning that we have an additional $500k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

As a reminder, this Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! The project is fully entitled and we will be breaking ground on construction in the next 30 days. As a Preferred Equity investor, you will receive an 8% annualized preferred return until we break ground, and then a 12% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 15.5% annualized return for the Preferred Investors, which includes the profit share.

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to pre-sell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple, and especially Google! (Google Cloud headquarters building just across 237)

These final spots in the offering will fill up fast, so be sure to CLICK HERE in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email, or giving us a call at (650)567-4701.

Thank you, and we look forward to connecting with you soon!

 

Kirti Agarwal
Aron Developers
(650) 567-4701
Kirti@golivio.com

 


Fairoaks exterior v1

The additional $1.5M preferred equity raise announced has filled up quick & only last few seats remaining to be filled. We have working closely with all our consultants to close the remaining comments on the Building Permit package#1 and on-track to submit the same by mid of this month. 


Fairoaks unit02 1st floor plan Fairoaks unit02 2nd floor plan Fairoaks unit02 3rd floor plan Fairoaks unit02 terrace

We have announced an additional $1.5M preferred equiry raise last week which is already 50% filled and are looking forward to close the same in next few days. We have made significant progress in addressing all Building Permit package#1 comments and on-track to submit the same. We are also planning to close the Escrow on the 2 parcels by March end.


Aron developers fairoaks %28aron place%29 ext view 01 Aron developers fairoaks %28aron place%29 ext view 05

We are working meticulosly with our consultants to close the comments received for Building Permit package#1 and plan to re-submit the same by the month end. We have completed 3D Rendered Walkthrough for the project.


Fair oaks unit02 floor2 kitchen Fair oaks unit02 floor2 living area Fairoaks unit02 1st floor bedroom

blog_image1

We are extremely excited to announce an additional Preferred Equity investment opportunity available now!

This Preferred Equity raise is for $1.5M, and is specifically investing into our Aron Place project in Sunnyvale! This is an additional raise following the initial raise of 1.7M which was completed in November,2020. The project is fully entitled and we are breaking ground in the next 30 days, as we are closing in for pulling up the final permits from the city. As a preferred Equity investor, you will receive an 8% annualized preferred return until we break ground, and then a 12% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 15.5% annualized return for the Preferred Investors, which includes the profit share.

Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to presell all of the homes early in the project lifestyle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple and especially Google! (Google Cloud headquarters building just across 237)

This opportunity will fill up fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

Looking forward to connecting with you soon!

Kirti Agarwal
Aron Developers
(650) 567-4701
Kirti@golivio.com


We have completed addressing all comments received froom City on our Final map submission last week and are reviewing the same with the City Engineer as we plan to submit it next week. Also, we are working with our team & consultants to address the comments received for Building Permit package#1. 


Fairoaks unit01 1st floor  plan Fairoaks unit01 2nd floor  plan Fairoaks unit01 3rd floor  plan

This week we received the feedback from City on our Final map submission & there are minor comments which we are working on resolving. We are also working closely with our team & consultants to address the first round of comments received for Building Permit package. 


Fairoaks unit03 1st floor plan Fairoaks unit03 2nd floor plan Fairoaks unit03 3rd floor plan Fairoaks unit03 terrace

We received the first round of comments for our Building Permit submission this week and are working closely with our consultants for addressing the comments. We also look forward to receiving feedback on our Final Parcel Map package next week.


Aron developers fairoaks %28aron place%29 ext view 02 Aron developers fairoaks %28aron place%29 ext view 03 Aron developers fairoaks %28aron place%29 ext view 04

As a milestone, we have received the BAAQMD Approved J# and approval from the Community Development Department on BMR Compliance Plan this week. We now look forward to re-submitting the Demolition Application and receiving feedback for our Building Permit submission this week.


Fair oaks unit02 floor2 kitchen Fair oaks unit02 floor2 living area Fairoaks unit02 1st floor bedroom

We have completed compiling our responses for the feedback received on our Demolition Permit application from the City before the Holidays and we are working on pulling the J# next week. We have successfully re-submitted the Final Map Package to the City this week. Also, we are looling forward to receiving feedback on our Building Permit # 2020-4651 by month end.

Visit our website for the latest updates on Project features, Plans, Renderings & VR Walkthroughs. 


Aron developers fairoaks %28aron place%29 ext view 02 Aron developers fairoaks %28aron place%29 ext view 04 Fairoaks exterior v5

We received our first round of comments on the Demolition Permit application from the City this week and we are closely working with our consultants to address the same & re-submit early next month. Also, we have received the Building Permit # 2020-4651 and looking forward to the Plan check feedback next month. The Building Permit application is currently under review with the City of Sunnyvale. We are also working on Drafting the CC&Rs for the project which would be included in the Final Map approval.

Visit our website for the latest Renderings & VR Walkthroughs. 


Fair oaks  unit01 floor2 dining area Fair oaks  unit01 floor2 kitchen Fair oaks  unit01 floor2 living area Fair oaks unit01 floor3 master bedroom

We are closely working with the City Planners to complete all Building Application requirements and approval on Demolition Permit. Also, we are now ready for the re-submission of our Off-Site package & Final Map to the City of Sunnyvale. 

We are further updating our website with the new Renderings & VR Walkthroughs. 


Fair oaks unit02 floor2 kitchen Fair oaks unit02 floor2 living area Fairoaks unit02 1st floor bedroom

We are looking forward to receiving the Demolition plan feedbacks early next week. Also, working closely with our Surveyors to get ready the re-submission of our Off-Site package & Final Map. We are also preparing the Draft CC&Rs.

We have developed amazing interior VR Walk-throughs & 3D Renderings for the project and shall be further updating our website with the visuals. 


Aron developers fairoaks %28aron place%29 ext view 01 Aron developers fairoaks %28aron place%29 ext view 03 Aron developers fairoaks %28aron place%29 ext view 06

As informed last week, we have submitted the first Building Permit Package to the City. We are working closely with our Surveyor & Civil Engineers to get ready the re-submission of our Off-Site package & Final Map. We are also preparing the Draft CC&Rs. We are also working on developing the interior VR Walk-throughs & 3D Renderings for the project.


Fair oaks  unit01 floor2 living Fairoaks unit01 floor 1 bar area Fairoaks unit01 floor 1 gym area Fairoaks unit01 floor 1 office area

We achieved a significant Milestone this week for the project with the Building Permit Application Submitted to the City of Sunnyvale. Further we are working closely with our consultants on re-submission of our Off-Site package & Final Map. We are also submitting the BMR Agreement for 2 Units.

Visit our official project website for the latest details on Project Floor Plans, Renderings, and Timelines!


Aron developers fairoaks %28aron place%29 ext view 02 Aron developers fairoaks %28aron place%29 ext view 04 Aron developers fairoaks %28aron place%29 ext view 06

We have successfully closed escrow on 585 Columbia Ave parcel last week. Our project includes three parcels, and this is the first of the lots that we are closing on. We have also made significant progress on preparing for the Building Permit submission & planning to submit to the City of Sunnyvale today.

We have updated our official project website with the latest details on Project Floor Plans, Renderings, and Timelines!


Fair oaks unit02 floor2 kitchen Fair oaks unit02 floor2 living area Fairoaks unit02 1st floor bedroom

We have successfully submitted our Demolition Permit Application to the City of Sunnyvale & it has been logged. We have also made significant progress on preparing for the Building Permit submission & working closely with all our consultants to re-submit the Off-Site improvement package & Final map next week.

We are on track to close escrow on 585 Columbia Ave. parcel early next week. We have also updated the 3D Interior Renders for the units which will soon adorn our official project website!


Fair oaks  unit01 floor2 dining Fair oaks  unit01 floor2 kitchen Fair oaks  unit01 floor2 living Fair oaks unit01 floor3 master bedroom Fairoaks unit01 floor 1 bar area Fairoaks unit01 floor 1 gym area Fairoaks unit01 floor 1 office area

We are following up with our investors to close our second $1M raise soon. We are working closely with all our consultants to re-submit the Off-Site improvement plans & Final map package as per comments received last week. Also, we are on track to submit the Building Permit Application next week and focussed on creating several marketing campaigns for the 'Aron Place' to catch buyer's eyes. Further, we are moving to close escrow on 585 Columbia Ave. parcel by Mid November. We are also updating the 3D Renders for the Building Exteriors.


Aron developers fairoaks %28aron place%29 ext view 01 Aron developers fairoaks %28aron place%29 ext view 04 Aron developers fairoaks %28aron place%29 ext view 06

We are steadily moving close to completing our second $1M raise. We have received comments from the City of Sunnyvale on our first Off-Site improvement plans & Final map submissions for the Building Permit and working closely with all our consultants to submit the full package early next month. Also, we are ready to submit the Demolition Permit Application next week and working on updating the 'Aron Place' Website.


Fair oaks unit01 floor3 master bedroom Fair oaks  unit01 floor2 dining area

We are pleased to announce another $1M Preferred Equity raise for the project after successfully raising over $1M last week. We are moving to close escrow on the first of the 3 parcels, and other two shortly thereafter in order to begin pre-sales

We are having success in testing the market by listing the first of the 18 units. We are looking forward to receiving comments from the City on our first Off-Site improvement plans & Final map submissions and are preparing to submit the Demolition Permit Application.


Fairoaks exterior v4 Fairoaks exterior v5

We are proud to announce that we have successfully completed our $1M Preferred Equity raise for the project last week, receiving 100% of the commitments within 24 hours!

We are also running our marketing campaigns on full swing. Our Civil team has submitted the first Off-Site improvement plans & Final map to the City last week and we are working closely with all other consultants for Building Permit submissions.


Fair oaks unit03 floor2 kitchen Fair oaks unit03 floor2 living area Fairoaks unit03 1st floor plan

Our Civil team is submitting the first Off-Site improvement plans & Final map to the City this week and we are steadily progressing with finalizing submissions for Demolition & Building Permits.
Also, our project website is being revamped with the latest 3D renderings, floor plans, and details. We are excited to launch marketing campaigns!


Whatsapp image 2020 10 02 at 4.21.14 pm Whatsapp image 2020 10 02 at 4.22.08 pm Whatsapp image 2020 10 02 at 4.22.56 pm

We are working meticulously with all our consultants to finalize submissions for Building Permit. We have also initiated the process for obtaining Demolition Permit. Our Civil team is close to submitting the first Off-Site improvement plans & Final map to the City early in October. We have updated our First Floor Architectural plans to accommodate a Bedroom & a full bathroom in Unit 2 & 3, making it an attractive 4 Bedroom + 3.5 Bathroom Unit. Further, we are now aiming for a Green Building - Gold Rating for the project.


Screen shot 2020 09 27 at 8.30.39 pm Screen shot 2020 09 27 at 8.30.56 pm Screen shot 2020 09 27 at 8.31.18 pm

We are moving steadily to making our Building Permits submissions with major MEP Drawings completed in-house using BIM. We have received the Tract number approval from the County of Santa Clara with the proposed Tract Name – Aron Place. Our Civil team is continuing to work on submitting the Final Map to the City. Also, we are working closely with our consultants to achieve Green Point's Rating over 10% higher than Title 24 requirements. We are thrilled to raise the curtain for our new website for the project www.aronplace.com and excited to have fixed Marketing banners along with the project fencing.


Whatsapp image 2020 09 18 at 1.55.03 pm Whatsapp image 2020 09 18 at 1.55.04 pm

Our civil team has been working to record the tentative parcel map recording and are working towards submitting our final map to the city of Sunnyvale. The townhomes are being mapped as individual lots with the balance of the space being common open space for residents. We have made very steady progress on our marketing efforts and are excited to roll out the homes for sale on our website and soon after MLS.


Img 5959 Img 5960

We received our approved tentative map from the City of Sunnyvale. We are working to complete our building permit submission which is scheduled for the end of this month. Meanwhile, we are preparing the townhomes for the market. We will be placing large banners on-site on the temporary fencing in order to attract as much attention as possible.


1 f Birdeyeview01 Visual2 02

The team is making steady progress towards our Building Permit Submission. All disciplines are moving forward with design development. We are also preparing the sales website as we begin to try to presell the townhomes. By posting site signage in the next couple of weeks, we hope that will draw attention to the development. In addition to making progress towards building submission, we are also preparing to provide the necessary documentation to begin demolition.


1 f Birdeyeview01 Visual2 02

In addition to making progress on our Building Permit submission, we are also starting to create the marketing material for beginning to pre-sell the 18 townhomes. The design development is about half-way complete and we are eager to submit our building permit plans to the City of Sunnyvale.


Screen shot 2020 08 22 at 4.47.51 pm Screen shot 2020 08 22 at 4.48.01 pm

We are preparing for our Building Permit submission now that we are a Planning Entitled Project. Energy modeling, acoustical studies, soil engineering, civil, architectural, landscape, mechanical, electrical, plumbing, and structural engineering will all be incorporated into the upcoming submission. Once all the disciplines are engineered, we will also be modeling the systems in 3D for coordination, costing, and scheduling purposes. 

Follow this link here to preview video that we have prepared as we begin to put together marketing material for these modern townhomes: Navneet's LinkedIn Post


Screen shot 2020 08 15 at 4.41.19 pm Screen shot 2020 08 15 at 4.41.38 pm

We are working on coordinating and preparing our building submission. As a reminder, we were able to receive unanimous approval at City Council on July 28th. 

City Council Presentation- Pedestrian View

City Council Presentation- Flythrough

The two links above are video snips that we shared during the presentation.

In addition to preparing the building submission process, our Sales team is beginning to compile the marketing material in preparation to begin the pre-sales effort. We look forward to utilizing the best in class technology to help enable effectiveness.


Screen shot 2020 08 08 at 9.00.32 am Screen shot 2020 08 08 at 9.00.42 am

We achieved the largest milestone to date by receiving City Council approval by the City of Sunnyvale last week. Upon the expiration of the appeal period, the project will have entitlement. As a compromise to City Council, we agreed to not bring any natural gas into the property and to abide by State guidelines to try to achieve all-electric developments. We are also working on completing the structural plans in preparation for the building permit submission.  


Screen shot 2020 08 04 at 10.09.18 pm Screen shot 2020 08 04 at 10.09.28 pm Screen shot 2020 08 04 at 10.09.36 pm Screen shot 2020 08 04 at 10.09.56 pm Screen shot 2020 08 04 at 10.10.02 pm

We have our City Council hearing on Tuesday. We are wrapping up the modifications made from the Planning Commission hearing to make as strong a presentation as possible. We are also working on our building permit plans.


Fairoaks updated rendering 1 Fairoaks updated rendering 2 Fairoaks updated rendering 3 Fairoaks updated rendering 4 Fairoaks updated rendering 5 Fairoaks updated rendering 6 Fairoaks updated rendering 7 Fairoaks updated rendering 8 Fairoaks updated rendering 9

If you have not already watched the video walkthrough from the Planning Commission hearing that we have shared the last couple weeks, please take a look! We are very excited to share these luxury townhomes in the heart of Silicon Valley with our network. We are currently making steady progress towards value engineering our structural design and also working with the architecture team in order to optimize for design development. In the coming weeks, we also hope to begin some early marketing of these units simultaneous to our efforts for getting all documents prepared for our submission to the Building Department.


Screen shot 2020 07 10 at 4.13.37 pm Screen shot 2020 07 10 at 4.13.48 pm Screen shot 2020 07 10 at 4.14.20 pm

We are on the schedule for July 28th at City Council hearing. We are currently working with structural to optimize floor and wall design in order to become as cost-effective as possible. Last week, we had included the video-link to the walkthrough we had presented during our successful Planning Commission, we are including in this week's message as well. 

Aron Townhomes


Screen shot 2020 07 05 at 5.55.14 pm Screen shot 2020 07 05 at 5.55.44 pm Screen shot 2020 07 05 at 5.56.08 pm Screen shot 2020 07 05 at 5.56.25 pm

This past week, we cleared the largest hurdle to date on the project, by getting approved by 6/6 Planning Commissioners. We are now preparing for our end of July City Council date. In the meantime, we are working with our consultants on preparing our Building Permit submission. We have included our video walkthrough from our Planning Commission hearing below.

Aron Townhomes- Fair Oaks


We are scheduled to be heard at the Planning Commission at the end of June. We are working with the staff at the City of Sunnyvale to ensure they have everything from us for presentation purposes. After the Planning Commission, we will be scheduled for City Council hearing. If we are able to clear the Commission hurdle, we can expect to be on the middle of July calendar for Council.


We are scheduled to be heard at the Planning Commission at the end of June. We are working with the staff at the City of Sunnyvale to ensure they have everything from us for presentation purposes. After the Planning Commission, we will be scheduled for City Council hearing. If we are able to clear the Commission hurdle, we can expect to be on the middle of July calendar for Council.


Fair oaks complete model.fbx %281%29 Fair oaks complete model.fbx %282%29 Fair oaks complete model.fbx

We are scheduled for Planning Commission Hearing on June 22nd. While we prepare for hearing, we are working on structural engineering and completing coordination and 3D modeling of the structure.


Fair oaks bldg 04 arch str central.rvt %281%29 Fair oaks bldg 04 arch str central.rvt %282%29 Fair oaks bldg 04 arch str central.rvt

We have been working diligently with the City of Sunnyvale staff to ensure that they are satisfied with our plans. The project is lined up for Planning Commission 06/22. We are concurrently working with the housing department to understand potential impacts from SB330 pertaining to the BMR unit requirement. We will be having a meeting next week with the City Attorney to discuss further. 


Left corner current Unit 1 1st floor Unit 1 2nd floor Unit 1 3rd floor

We are working with all departments at the City of Sunnyvale to ensure they are completely satisfied with the status of our application. We are scheduled for Planning Commission on June 22nd.


Screen shot 2019 12 27 at 5.11.58 pm Screen shot 2019 12 27 at 5.13.27 pm Screen shot 2019 12 27 at 5.13.50 pm

Our Planning Commission Hearing is scheduled for June 08. We are currently working with City of Sunnyvale staff in preparing for the hearing. We are also working with our team in preparation to submit to the Building Department. 


Screen shot 2019 12 27 at 5.13.27 pm Screen shot 2019 12 27 at 5.13.50 pm

We have received our Planning Commission date of June 8th. In the meantime, we are working to finalize all documentation needed for hearing and City Council. We are also working with our structural engineer to complete design development.


View from across the street 1 View from across the street 2 View from our sidewalk 1
As mentioned in last week's update, due to the current restrictions in place to protect public health, our planning commission hearing has been postponed. We have received date of June 8th from the Planning Department as a Commission Hearing, which is approximately 6 weeks from where it was prior. We are making steady progress towards submitting our building permit set and will be asking for an exception to submit concurrently to hearing due to the circumstances. 
 

Fair oaks 2 Fair oaks 3 Screen shot 2019 12 27 at 5.11.37 pm

We have submitted our final planning submission and are currently working with the City of Sunnyvale on our Planning Commission date. We were told this past week, that they are not honoring our previous date of April 27th. Due to the shelter-in-place ordinance, the City has backlogged three agenda's worth of meetings. The meetings are bi-monthly, so that equates to approximately six weeks in delay. We are doing everything we can to try to get back on schedule for the next available opening. 


Screen shot 2019 12 27 at 5.11.37 pm Screen shot 2019 12 27 at 5.11.58 pm Screen shot 2019 12 27 at 5.13.50 pm

We have been provided with minor comments from the City of Sunnyvale that they are requesting we reply to prior to our Planning Commission date on April 27th. They have also requested that we provide a comprehensive relocation plan for the current tenants residing in the 4-units that are currently occupied. We have yet to receive confirmation regarding how Sunnyvale will be handling the Commission given the current shelter-in-place.


Screen shot 2019 12 27 at 5.11.37 pm Screen shot 2019 12 27 at 5.11.58 pm Screen shot 2019 12 27 at 5.13.27 pm Screen shot 2019 12 27 at 5.13.50 pm

We are working through the requirements of the affordable housing department for the relocation of the existing tenants while simultaneously preparing for Planning Commission Hearing. We are currently on schedule for April 27th Planning Commission and May 17th City Council. Until we are told otherwise, we are working towards completing requirements to meet those milestones. We are also preparing our Building Permit submission which we plan to submit at the end of May.


Left corner current

We are working very closely with the City of Sunnyvale to try to ensure they have everything they need from us in order to keep us on schedule for April 27th Planning Commission. The extension of the shelter in place may negatively affect that date. But we are closely tracking in order to minimize impacts. We are concurrently working with our team to make as much headway on our Building Permit submission as possible.


Screen shot 2019 12 27 at 5.13.27 pm

As indicated earlier this week, we have been told that due to the City of Sunnyvale shut down, our Planning Commission and subsequent City Council date has been postponed for a currently unknown time period. We are reaching out to the City of Sunnyvale management level to understand what can be done. We are targeting a building department submission based on the original date that was provided to us for City Council hearing (they had previously told us that we can not submit prior to being cleared by Council). By working under that timeline, we hope that the Planning delays will not impact Building Permit date.


Left corner current Right corner current

We have been given an end of April date for Planning Commission and a middle of May date for City Council. We are currently working to wrap up remaining concerns from Planning and to make progress towards preparing building submission which would be taking place after receiving City Council approval.

 

 


Left corner current Right corner current

We have been scheduled to be heard at Planning Commission for late April and City Council for early May. We are concurrently working on our structural, mechanical, electrical and plumbing plans in preparation to submit to building as soon as we receive planning department approval.


The City of Sunnyvale has provided us with a Planning Commission date of 04/27/20 and a corresponding City Council date 05/19/20. We are actively working with the Community Development department to see if we can pre-pone the dates. In the meantime, we are also working on the structural design to try to make as much progress as possible.


We met with the Planning Director this week and are targeting an end of March planning commission hearing. In the meantime, we are working with our consultants to prepare our building submission package so we will be ready to submit upon Planning Approval.


Corner render Elevation left New left front

We are negotiating with Planning on the last remaining comments they have. The remaining redlines Sunnyvale has are very minor in nature. We have a meeting with the Director of Planning on Tuesday where we will be requesting an exception to their policy in order to submit to the Building Department while we awaiting Public Hearings.


Our Planning Submission is currently under review from staff. From what we are being told at the moment, we can expect to recieve feedback on next Monday. At which point, we hope to know when we are to be heard at Planning Commission.


We received approval from the community development director to submit our building plans concurrent to planning, and are preparing the submission set.  Since submitting our updated planning set last Thursday, we are coordinating with our project planner to hopefully keep to the February Planning Commission and March City Council hearing dates.  Once final review by public works has completed, and assuming there are no major comments/concerns, we will be able to receive scheduling on the Planning Commission agenda.


We submitted the revisions to the city of Sunnyvale and waiting on a planning commission date. We should by early next week if we can do planning commission in Feb and city council in March. We are also trying to get city approval to submit to building department concurrently in the hopes of starting construction in spring. we will keep you posted.


Left corner current

We are finilizing our submission set with our consultants in order to submit to planning early next week.  We also are finilizing our preperations for our neighborhood meeting on Tuesday evening at 6pm.


Screen shot 2019 12 27 at 5.13.50 pm

Planning has completed their review of our submission and we are working with our consultants to make final updates to the submission package.  All notifications are out for our official community meeting which is scheduled for January 21st.


We are awaiting the review of our third submission to the Planning Department. We anticipate receiving completion confirmation from them next week. After being deemed complete, we will be able to host our official community meeting.


Screen shot 2019 12 27 at 5.11.37 pm Screen shot 2019 12 27 at 5.11.58 pm Screen shot 2019 12 27 at 5.13.27 pm Screen shot 2019 12 27 at 5.13.50 pm

We have resubmitted our Planning submission to the City of Sunnyvale. We are hopeful that this will be our last submission prior to being heard at the Planning Commission. The schedule currently calls for us to be deemed complete early January, followed by our community meeting in mid-January. At which point, we would be able to be heard at the Planning Commission.


Screen shot 2019 12 27 at 5.13.50 pm Screen shot 2019 12 27 at 5.13.27 pm Screen shot 2019 12 27 at 5.11.58 pm Screen shot 2019 12 27 at 5.11.37 pm

On Fair Oaks, we completed our final round submission end of last week, and followed up this week with our updated renderings and material board for planning staff's review.  We are awaiting planning and other departments responses by January 2nd before switching gears to organizing our community meeting for the project, which is tentatively scheduled for January 15th.  We also have been actively meeting with community organized groups in order to win their support on the project.  The fact that our project is converting apartment units, which currently are unused by the current owner and unavailable to the public, into high quality housing for the community, is going a long way with the groups who have engaged in our project.  We are currently on track to not have any outspoken pushback on our project that we know of, as we head into planning commission and city council hearings. Which is just how we like it!


Right corner current Left corner current

On Fair Oaks, we initiated neighbor outreach and discussions with community groups as we approach our public meeting for the project in January.  We have finalized updated plan sets for our third and final submission before preparing for our planning commission hearing.


We had a follow up meeting with staff regarding comments received from our study session with planning commissioners. We have a pre-submission meeting on wednesday of this week with staff to confirm we have adequately addressed both staff and commissioners comments. The objective of the meeting on Wednesday will be to be cleared to be put on the planning commission schedule.

 

Fremont pic

We had our Study Session with the City of Sunnyvale last week and received mixed feedback from both the Public and the Commissioners. As a next step, we have a meeting with the Planning staff. After our internal meeting, we hope that we will be able to be put on the official Planning Commission schedule.


Left corner current

We have submitted the presentation materials to planning to be heard at the Planning Commission Study Session which is scheduled for Monday of next week. After that session, we will make any necessary modifications and resubmit in preparation to be heard at Planning Commission.


We provided all documentation this week to planning staff in preperation for our November 25th study session with the planning commission.  The purpose of this meeting is to give planning commission staff the opportunity to give suggestions and input on the project prior to the public hearing process.


Left corner current Right corner current

We are scheduled to be heard for a Study Session with the Planning Department Nov 25th. We are working to compile the Landscaping and Architectural requirements that are necessary to be heard on the agenda. Simultaneous efforts are being made to respond to the second-round comments from the City of Sunnyvale.


Right corner current

We are currently working on reaching out to neighborhood as well as planning commissioners ahead of the  Nov 25 Planning Commission Study Session. We are also working on submitting in parallel to the City based on last round of comments.


Left corner current

Study sessions with the planning commissioners is scheduled for Nov 25th as the city could not fit us in the agenda for schedule for Nov 6th. Structural Engineer has been finalized and we are moving forward with bid packages to start putting the budget.

 


Left corner current

We had a meeting with the planner this morning to review their most recent comments. The meeting was successful and at this point staff is likely putting us on schedule for planning commission study session on Nov 6th. This project will need to go through 2 major mile stones: 1) Planning commission approval and 2) City council approval. The fact that we have achieved staff support so quickly is a major milestone and we are hoping to keep the momentum going.

 

<iframe width="560" height="315" src="https://www.youtube.com/embed/FOhmw0-X1aE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

 

Checkout the video of the current rendering : https://youtu.be/FOhmw0-X1aE


Elevation left Corner render

We received comments from the City of Sunnyvale. The site plan was tentatively approved by all departments which is a large milestone. We are working to address all comments and are targeting resubmission in the next couple weeks.

 

We received 2nd round feedback from the City of Sunnyvale today. The team is processing the feedback and will work with all the consultants to turn around back to the city as quickly as possible.


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.


Left corner current Right corner current

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 had a major breakthrough this week with city of Sunnyvale agreeing to our latest revision of site plan keeping all 18 units intact and moving things around to satisfy various constrains from different agencies. The team is now working on a formal 2nd round submission which we are targeting end of next week.


We had a meeting with different departments and agencies and had a sucessful outcome that we were able to find a site plan with the possibility of not  comprimising a unit on the project. We have submitted into the city and are waiting on their feedback.

 

This week we completed another quick iteration with the City on the Site Plan. The architect made several changes to the site plan to address the concerns of the City Planner as well as Waste Management. We provided the revision to the City and received their comments. Unfortuantely, city is still pushing back on our design.

We have an in-person meeting scheduled with the City Staff on Monday and we are hoping to come to a resolution.

 


Earlier this week, we met with City Planning Staff to discuss their feedback on trash enclosure, street curb cut locations, amongst few other issues. Today afternoon, we received feedback from city pushing back on our proposal and asking us to reduce the unit count from 18 to 17. We are planning to pushing back and try to find other solutions to address City's concerns.


There has been several iterations over last couple weeks with Waste Management Department about the size,location of trash and recycle contrainers and serviceability of them by Waste Management Department. The team is working hard to get the buy in from City of Sunnyvale while balancing several other constraints. We will continue to work internally as well as with City Staff next week to arrive to an acceptable resolution.


The architect has completed a revision to the Site Plan that was needed to address Waste Managment's requirements and we are waiting on feedback from City. Upon the satisfaction of that department, our team will revise the plans and resubmit formally for round 2. Target is end of next week.


Our architect incorporated the feedback from various agencies and sent a revision back to City. The agency with most concern was Waste Management and at the moment we are still negotiating an acceptable solution for the Waste Management department. Early next week, we will turn around to the City again and try to get the buy in from the Waste Management. At that point, our consultants can submit to all agencies for round 2 of planning.


Our team met with several agencies at City of Sunnyvale yesterday and reviewed the first round of comments that were provided to us. Based on the feedback, we are having to adjust the site plan to accomodate the needs of the Waste Management Department. We expect to resubmit plans to the city in next 2 weeks.


City of Sunnyvale provided feedback after their review on Wednesday. We are working with consultants to review and turn around the comments within next 2 weeks.


We are waiting on citys comments on July 3rd. At that point we will work with our consultants to incorporate the feedback and re-sumbit to the city within 2 weeks.


City of Sunnyvale has set the review and comments date to be July 3rd. We are scheduling our consultants to promtly incorporate the feedback and re-submit to the city within 2 weeks.


The City assigned us a Planner. We are waiting on City of Sunnyvale for the feedback. The Planning Review Committee date is set to July 3. 


City of Sunnyvale assigned us the planner for the project and set a feedback date for July 3rd. We are trying to work with city to move in the date to June 19th.  Otherwise, we will need to wait till July 3rd  for their feedback.


Yesterday, we submitted the project application for the 18 home project to the Planning Department at City of Sunnyvale. This was a major milestone with several consultants working hard to meet the date and our operations team tightly coordinating the submittal. 

 

We are now waiting for the formal feedback from various agencies at City of Sunnyvale and are expecting it in mid of June. 


We are getting all set to submit the first round planning submission to City of Sunnyvale tomorrow Friday 5/24/19. We have set this target date a month ago and it was an aggressive goal requiring multiple consultants to do their parts on time while closely coordinating their work with each other. We are happy that team was able to pull it off. The team is working on submitting some technical reports over the next few days. We will be waiting on City of Sunnyvale feedback on our submission.


We are getting ready to submit the first round planning submission to City of Sunnyvale. All consultants are busy wrapping up their respective pieces. Please see attached elevations for the buildings. 


Front elevations   option 2 1 copy Screenshot 2019 05 17 15.09.56

We are getting ready to submit the plans to city of Sunnyvale planning department on May 24th. We are completing technical studies currently.


We iterated the site plans and the unit layouts with the architect a few times and have provided the updated the site plan and the building layouts to the Civil Engineer, Landscape Designer and other Consultants. Every resource is working on their respective pieces for a target submittal date of May 31st The floor plans are finalized and units will have the following: 
 
  • 2 car attached garage, 1 large den with a half Bath on the 1st floor.
  • Large living area and Kitchen with a half Bathon the 2nd floor .
  • 3 Bedrooms and 2 full Baths on the 3rd floor.
  • Roof top deck.
 

We are proposing 18 home project in Sunnyvale - 3 stories with attached 2 car garages, 4 bed, 3.5 bath and roof-top decks (preliminary site plan attached): We have hired the Architect, Civil Engineer and a Landscape Architect for this project. We are also working diligently with several consultants to put together the 1st round planning submission by end of May. 


Screenshot 2019 04 26 14.52.15