A proposed housing project in San Lorenzo has been put on hold due to a rise in costs, although the developers are still hopeful it can be completed eventually.
The Village Green Apartments, as the project is called, would include a mix of residential and retail units and was slated to be built on a vacant site on Hesperian Boulevard.
“The Village Green Apartments project is critical to the revitalization of San Lorenzo by introducing urgently needed residential and economic opportunities into the area,” Alameda County Supervisor Lena Tam said in a newsletter. “My office will continue to work with the Bohannon Organization, Demmon Partners and the San Lorenzo community to support this project.”
The project, developed by Sacramento-based company Demmon Partners, was expected to include 138 market-rate housing units and 11,050 square feet of retail space.
Alameda County’s Planning Commission and Board of Supervisors gave the go-ahead in 2019.
“Currently, the Village Green Apartments development is not economically viable and will not be feasible until conditions recover,” Scott Bohannon, senior vice president of Bohannon Development Company, which owns the site, said in the newsletter. “At this time, it is impossible to determine when that will happen, but we remain hopeful for the project’s eventual completion.”
The site has been vacant since a Mervyn’s department store closed in 1995.