EVIVA Mission Bay is an example of The Pinyon Group’s ability to apply its expertise to redesign and re-entitle failed luxury urban real estate projects, and reposition them as capital-friendly projects that serve middle income households.
EVIVA Mission Bay represented the opportunity to develop the last vacant parcel north of the channel in San Francisco’s Mission Bay Master Planned Community. Located in one of the largest transit-oriented developments (TODs) in the country, the Project is immediately adjacent to local and regional transportation hubs, San Francisco Business District, and AT&T Park.
EVIVA Mission Bay consists of 129 units including 26 moderate income “workforce” units (with rental rates accessible to teachers, nurses, and first responders).
The project was a re-entitlement effort with the Master Developer and the City of San Francisco Redevelopment Agency–replacing previously-approved luxury condominiums with workforce housing. The Project was financed with private placement bond financing and private equity, and was sold in 2017 to a pension fund advisor on behalf of a separate account client.