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IN THE NEWS
FORGE
TL 361 AND 145 UPDATE:
FORGE DEVELOPMENT PARTNERS APPROVED TO INSTALL STUDENTS ARTISTS' FACADE DESIGNS FOR ITS ESSENTIAL HOUSING PROJECTS
Forge Development Partners (Forge) is excited to announce the approval from the City of SanFrancisco to install community-designed metal panel façades for Forge’s Essential HousingDevelopment projects, known as TL 361 and TL 145, located at 361 Turk Street and 145Leavenworth Street in the Tenderloin neighborhood.
CONNECT CALIFORNIA
NOVEMBER 13, 2020
FORGE BUILD MULTIFAMILY DEVELOPMENT TEAM
San Francisco-based Forge Development Partners named Isis Spinola-Schwartz as its Chief Development Officer as part of the company’s efforts to deliver essential middle-income housing. A global thought-leader in bringing innovative and sustainable solutions to the urban environment, Spinola-Schwartz will oversee a varied portfolio of essential housing developments in San Francisco, San Diego and Los Angeles from design and planning to construction and occupancy.
MULTIFAMILY BIZ
JANUARY 10, 2020
FORGE DEVELOPMENT PARTNERS ACQUIRES PROPERTY FOR INNOVATIVE WORKFORCE HOUSING PROJECT WITH JV EQUITY FROM REALTYMOGUL
“We are pleased that the forward thinking of the Mayor’s Office has created an environment where projects like 1460 India Street can flourish. With the help of our partners, we will reimagine what privately-financed workforce housing can provide to the community – housing that meets the needs of today’s working families while keeping rental costs low.”
- RICHARD HANNUM, FORGE FOUNDER
BLAU JOURNAL
JANUARY 9, 2020
FORGE ACQUIRES 1460 INDIA STREET FOR INNOVATIVE WORKFORCE HOUSING PROJECT
With this acquisition, Forge hopes to perpetuate the workforce history and legacy of the area that is Little Italy. The property was purchased from the Asaro family who have called Little Italy home since the 1940s. Forge plans to redevelop the property into a world class high-rise building providing some 265 rental units of workforce housing for the City of San Diego. Preserving and supporting the working class tradition of the area was a guiding objective in the development of this project.
MULTIFAMILY BIZ
JANUARY 10, 2020
FORGE DEVELOPMENT PARTNERS ACQUIRES PROPERTY FOR INNOVATIVE WORKFORCE HOUSING PROJECT WITH JV EQUITY FROM REALTYMOGUL
“We are pleased that the forward thinking of the Mayor’s Office has created an environment where projects like 1460 India Street can flourish. With the help of our partners, we will reimagine what privately-financed workforce housing can provide to the community – housing that meets the needs of today’s working families while keeping rental costs low.”
- RICHARD HANNUM, FORGE FOUNDER
BLAU JOURNAL
JANUARY 9, 2020
FORGE ACQUIRES 1460 INDIA STREET FOR INNOVATIVE WORKFORCE HOUSING PROJECT
With this acquisition, Forge hopes to perpetuate the workforce history and legacy of the area that is Little Italy. The property was purchased from the Asaro family who have called Little Italy home since the 1940s. Forge plans to redevelop the property into a world class high-rise building providing some 265 rental units of workforce housing for the City of San Diego. Preserving and supporting the working class tradition of the area was a guiding objective in the development of this project.
BISNOW
AUGUST 7, 2019
$100M TENDERLOIN MICRO-UNIT PROJECT BREAKS GROUND THIS MONTH
Affordable housing developer Tenderloin Neighborhood Development Corp. owns a property adjacent to 145 Leavenworth St. and had been advising Forge on their project for the last few years, TNDC Planning and Policy Manager Alexandra Goldman said.
"It's sort of a new model," Goldman said. "Having private resources funding a project with an income cap, but that's a good thing."
CONNECT CALIFORNIA
AUGUST 7, 2019
FORGE DEVELOPMENT,
BRIDGE INVESTMENT LAUNCH
240-UNIT SAN FRANCISCO MICRO MF
TL 361, located at 361 Turk St. and 145 Leavenworth St. in the Tenderloin neighborhood, will transform two surface-level parking lots into a vibrant, mixed-use residential community, featuring two, eight-story standalone buildings housing a total of 240 micro-units above neighborhood-serving retail as well as a dedicated on-site social and community center.
San Francisco Business Times
AUGUST 7, 2019
DEVELOPERS KICK OFF 240 MICROUNITS IN TENDERLOIN
“This first project will demonstrate the applicability of our model to provide high-tech, high-touch and highly desirable housing solutions in downtown settings,” said Richard Hannum, founder of Forge Development Partners, one of the developers on the project, in a statement.
BISNOW
MAY 16, 2017
WHY IS IT SO DIFFICULT TO BUILD AFFORDABLE HOUSING IN THE BAY AREA?
With 100,000 jobs created in the last six years within San Francisco, a need for housing at multiple income levels has become pressing. More than 7,000 affordable housing units began construction during this time, but the need for more housing continues.
San Francisco Business Times
APRIL 5, 2017
EXCLUSIVE: TWO TENDERLOIN HOUSING PROJECTS FOR S.F.'S "MISSING MIDDLE' TO BREAK GROUND
There has been virtually no new housing built for "middle-income" San Franciscans, because market-rate projects are too expensive due to construction and land costs. Subsidized affordable units are mostly restricted to renters making less than the average area median income. Forge Land Co. is trying to meet that need with a mix of new technology and small units.
CURBED, San Francisco
Nov 12, 2014
NEW HOUSING PLANNED FOR LONG-VACANT TENDERLOIN LOTS
"We're not displacing any of the existing housing or community," Forge Land Company CEO Richard Hannum says, noting that the two lots never got built on after the 1906 earthquake. "We're simply augmenting the community. The rent rates will by definition be consistent with the community, so this is all net add housing stock."