Strata Apartments

New Mixed-Use Luxury Apartment Complex in South Mission Bay.
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Location
San Francisco, CA
Completion
March 2009
Schedule
24 months
Contract
$64,069,244
Architect
SB Architects
Owner
Urban Housing Group

Project Summary

Nibbi’s preconstruction department strives to exceed its clients’ cost; schedule and quality goals The Strata project represented an opportunity for the company to take preconstruction excellence to the next level. Through an unprecedented level of collaboration between the architect, contractor and owner, the tri-party project team was able to lock in the budget and schedule for two years, without compromising project quality.

Located near the new UCSF campus in San Francisco’s Mission Bay, the new 192-unit complex was designed by SB Architects with premier exterior and interior finishes, including an Alucobond-clad exterior, 9-ft. ceilings, expansive windows with San Francisco Bay and skyline views, and gourmet kitchens with granite countertops and maple cabinets.  The Strata at Mission Bay is an 8-story, mixed-use luxury apartment complex developed by the Urban Housing Group, a subsidiary of The Marcus & Millichap Company, which develops, owns and manages quality, smart-growth, multi-family rental housing in the western United States.  The 325,000 square-foot residential building is a U-shaped concrete building with 10,000 square feet of ground floor retail space, 2 levels of parking consisting of 192 stalls, an amenity building complete with a clubhouse, bocce ball court, theater room and a fitness center.

The collaborative effort employed by the architect/contractor/owner team not only contributed to the quality of the product, but also to the quality of the relationships between the Strata team members.  The final chapter of this success story: Right in the middle of a recession, Strata was leased in 5. 5 months and has retained 98% occupancy.