CalPERS Selects BRIDGE Housing and Regis Homes as Residential Developers to System's Headquarters Expansion.Business Editors/Real Estate Writers SACRAMENTO, Calif.--(BUSINESS WIRE)--Aug. 10, 2001 The "R" Street Subcommittee of the California Public Employees' Retirement System's (CalPERS) Board of Administration has selected two California firms to build housing adjacent to the System's headquarters expansion on "R" Street in downtown Sacramento Downtown Sacramento is the central district of the city of Sacramento, California. The district is defined as north of R Street, south of H Street, east of the Sacramento River, and west of 16th Street. Downtown Sacramento is currently undergoing a major revitalization project. . BRIDGE Housing of San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , and Regis Homes of Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , Inc. have come together in a joint venture and will serve as CalPERS residential developer. The two firms are slated to begin establishing a real estate housing development plan that will include four parcels of land bordered by Third and Seventh Streets and on the north side of R Street. CalPERS current master plan calls for 180,000 square feet of residential development in accordance with Sacramento's "R" Street Corridor planning policies. "We are proud to have BRIDGE Housing and Regis Homes join our line-up of partners on this project," said Charles P. Valdes, Chair of CalPERS R Street Subcommittee. "I'm confident that they will develop a residential plan that meets the needs of the Sacramento community and our R Street neighbors while also respecting the integrity and goals of the R Street Corridor Plan. "BRIDGE and Regis have a strong history in award-winning residential development that will compliment our headquarters expansion. Their work in California and right here in Sacramento demonstrates their quality and strengths," Valdes said. Today's action marks the first time BRIDGE Housing will develop a project in Sacramento. The non-profit affordable housing developer is well known around the nation in cutting-edge housing development practices. Since its inception in 1983, BRIDGE has participated in the development of nearly 10,000 homes serving over 20,000 Californians, including projects in Marin City, Pinole Pinole (pĭnōl`), city (1990 pop. 17,460), Contra Costa co., W Calif., on San Pablo Bay; inc. 1903. Primarily residential, it manufactures concrete and chemicals. , Richmond and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Projects by Regis Homes already exist in the greater Sacramento area. In 1999, Regis developed Metro Square, a single-family housing subdivision located in Sacramento's Midtown. Currently, Regis is building Parkside at Riverbend, a new housing community on the Garden Highway near the Sacramento River Sacramento River River, northern California, U.S. Rising near Mount Shasta, it flows 382 mi (615 km) southwest between the Cascade and Sierra Nevada ranges, through the northern Central Valley. , and Costa Blanca Costa Blanca refers to the over 200 kilometres of coastline belonging to the Province of Alicante in Spain. The name "Costa Blanca" was devised as a promotional name used by BEA when they launched their air service (for £38.16s.-) between London and Valencia in 1957. at Swallows Nest, a gated community gat·ed community n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. adjacent to a nine-hole golf course. Regis is also scheduled to do a loft conversion of a six-story government warehouse at 11th and R Streets owned by the Capitol Area Development Authority (CADA CADA Canadian Automobile Dealers Association CADA Capitol Area Development Authority CADA Canadian Alliance of Dance Artists CADA Central Area Development Association CADA California Association of Directors of Activities (Santa Cruz, CA) ). "We have been committed to residential development since the start of this project," added Valdes. "We know the need for housing exists and our goal is to enhance the area as a downtown living destination." CalPERS is the nation's largest public pension fund with assets totaling approximately $156 billion. The System provides retirement and health benefits to more than 1.2 million State and local public employees and their families. For further information on the CalPERS, please visit the System's web site at www.calpers.ca.gov. |
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