Summary Points of Letter:
Greetings Neighbors:
1388 Bancroft represents one of San Leandro’s first major urban infill developments in the north-eastern section of the City. This project – a redevelopment of the existing obsolete 1950’s vintage medical office building – addresses the City’s need for more housing and demonstrates a creative design that provides much needed modern, two and three-bedroom, two-bath rental housing along transportation corridors.
1388 Bancroft will establish a new level of 21st century high quality work force rental housing that will be high connected to the Lit San Leandro Fiber Optic Network. Our project is designed to create a new class modern living that will appeal to work force professional and highly skilled technical residents whose needs are not currently met by the San Leandro rental housing stock.
1388 Bancroft addresses San Leandro’s unmet demand for high quality, modern work force housing. San Leandro is a happening place with many, many fine restaurants, shopping, socializing, activities and more. Given the walkable, highly desirable environment in the area, our residents will patronize local merchants and establishments; thus, boosting San Leandro’s demography and enabling future high quality residential, retail, commercial and industrial development.
1388 will address the acute shortage of middle-income work force housing by providing 42 additional for rent dwellings, 40 two-bedroom, two-bath and two three-bedroom, two-bath units, totaling approximately 40,266 sq. ft. The all electric two-bedroom, two-bath units are designed for maximum flexibility with two master suites with in-suite washer and dryer and high-end finishes and appliances. 1388 is a single three-story building of wood frame and stucco construction. A total of 55 on-site parking spaces with an additional credit for three EV accessible parking and five off-site, for a total of 63 parking spaces are included in the project, a 1.50 to one ratio to 1.00 parking ratio.
Our two-bedroom, two-bath units are designed to provide maximum flexibility for 21st Century households. The layouts work well for families with children and/or two or more roommates who desire their own bedroom/bathroom. In addition, 1388 addresses the unmet demand for two-bedroom, two-bath residences. As per RealFacts Data, San Leandro has too many one-bedroom units and too few two and three-bedroom units.
In a recent poll of respondents stated, they indicated two-bedroom, two-bath and three-bedroom, two-bath units are exactly what they need in San Leandro.
1388 has qualified for Green TRIPS Standard Certification. On our home page, please find a copy of the Green TRIPS Project Evaluation Report that outlines the six ways 1388 Bancroft created multiple trip reduction credits.
1388 Bancroft has an 82 – Very Walkable – Walk score with many transit options. Two AC transit buses stop at the front door, 40 Oakland and 35 San Leandro BART. Four blocks west the AC Transit BRT Bus is just over a half mile from the site. In addition is the revitalized San Leandro Downtown, E.14th Street with its numerous shopping, entertainment and dining options. San Leandro BART is 8/10th’s of a mile from the project site which is less than a 10-minute ride on the 35 San Leandro BART buses.
1388 Bancroft will be a very green, all electric building with a very low Common Area Energy footprint. In addition to powering the electric vehicle charging systems, 1388 will have a large PV system to supply electricity for all common area usages.
The carports will host an expansive PV Solar Array to provide power for electric vehicle charging stations for each space. The developer will partner with Transformca.org, P.G.& E. and the City to enable BAAQMD and P.G.& E. to create a very successful electrical vehicle PV charging system.
1388 Bancroft is very bicycle friendly. There is a secured area for 48 unbundled assigned bike lockers. Two levels of 12 lockers each along a central hallway behind a locked door. In addition, we have unassigned bicycle racks on Bancroft Avenue next to the building street entrance outside of the office area and inside the gate at the residents’ main entry to the building.
1388 Bancroft will have a ground floor community room, patio, tot lot and sports lawn area all with a private Wi-Fi network for the residents’ use.
1388 Bancroft will have on 16’ tall “internet of things” cell phone transmission tower with RF transparent screening on the roof of the rooftop utility building to accommodate current and future wireless communication in the northeast San Leandro, southeast Oakland areas.
1388 Bancroft will have a dedicated fiber optic connection to the Lit San Leandro Fiber Optic Network, with a dedicated IT room on each floor so that each unit is fully fiber optic capable of accessing to full capacity and benefits of the Lit San Leandro Network.
1388 Bancroft actually has a lower impact on traffic than the existing medical use. Below is an excerpt from Traffic Engineering Staff report on the project.
The Development Fee for Street Improvement (DFSI) is calculated for the project using the Fiscal Year 19/20 rate of $1,449.91 per residential unit, for a total of $60,896.22. A credit for the existing buildings based on the square footage provided by the Alameda County Assessor’s office was also calculated using the Fiscal Year 19/20 rate of $5.64 per square foot, for a credit of $137,864.16. Taking the credit into account, no DFSI will be due for this project. These fees are subject to change on July 1st of each year and are not vested until Building Permit issuance.
In addition, please remember that as per the Green TRIPS Certification, our residents are projected to do 36% less driving and emit 36% less greenhouse gases per day as well.
The project will contribute $714,630.00 to the local City parks account. Below is the excerpt from the Staff report.
The Park Land Acquisition fee is calculated for the project using the Fiscal Year 19/20 rate of $14,667.00 per multi-family residential unit, for a total of $616,014.00 and is due at the time of Building Permit issuance. These fees are subject to change on July 1st of each year and are not vested until Building Permit issuance.
The Park Improvement fee is calculated for the project using the Fiscal Year 19/20 rate of $2,348.00 per multi-family residential unit, for a total of $98,616.00 and is due at the time of Building Permit issuance. These fees are subject to change of July 1st of each year and are not vested until Building Permit issuance.
1388 Bancroft shall pay an in-lieu fee for future undergrounding of utilities along Bancroft and Estudillo Avenue, per the City’s Underground Utility District Master Plan, adopted September 16, 1985, amended April 20, 1992. The fee is estimated to be in the amount of $66,499.86, which is calculated using the Fiscal Year 19/20 fee rate of $1,583.33 per residential unit. This fee is due at the time of Building Permit issuance. This fee is subject to change on July 1st of each year and are not vested until Building Permit issuance.
1388 Bancroft is a big benefit in that San Leandro Unified School District needs more elementary and middle school students to meet its financial goals. Superintendent Mike McLaughlin is on record that we need additional elementary and middle schools to fulfill all of the Districts staffing and financial goals.
Each of these students provide an additional $12,000.00 per year in revenue to the San Leandro Unified School District.
In addition, the project will pay San Leandro Unified School District approximately $170,171.00 in developer school fees.
1388 Bancroft Ave. San Leandro, CA 94577