EAH Begins Bay Area Redevelopment of Senior Housing
2 min read
First phase of the fully affordable project will be completed in 2024.
EAH housing began work on redeveloping Nevin Plaza in Richmond, Calif. D+H construction is the project manager and estimates that the development will cost $37,9 million.
Two phases will be implemented for the affordable housing, which is aimed at seniors and people with disabilities who earn between 30 and 50% of the median income in their area. Phase One involves the renovation of the existing 138 unit building at 2400 Nevin Ave. Phase Two will involve the construction 70 apartments at a nearby parking lot located at 319 25th St.
The developer hired HKIT Architects for the design of Nevin Plaza. PL Mah Inc. is serving as construction manager. The first phase of the community is scheduled to be completed in 2024.
The project financing includes:
- Bond financing of $51.7 million by the California Municipal Finance Authority with JP Morgan Chase Bank acting as trustee
- The U.S. Department of Housing and Urban Development (HUD) through the Section 8 Project-Based Voucher Program. Department of Housing and Urban Development through Section 8 Project Based Voucher Program
- Richmond City Council provides direct financial support of $3.5 million
Redevelopment of public housing assets
Nevin Plaza, completed in 1973, consists of 138 units, ranging from 410 to 718 square feet. Renovations will include improvements to the building’s interior and infrastructure, including new mechanical, electrical and plumbing systems. The interior will be upgraded with new bathrooms, kitchens and flooring.
Both phases will have amenities such as community rooms, courtyards outside, landscaping by SLATE Art Consulting and public art installations. There will also be laundry rooms, property management offices, and SLATE Art Consulting’s public art installations.
The property is located just across the street from the Richmond Art Center, City Hall and several public transport stations. Along Macdonald Avenue there are many shopping and dining opportunities. Kaiser Permanente Medical Center, located 1 mile to the west, is also a great option.
