PRESS

“A spate of nearby developments could supply an even larger quantity of commuters. Two waterfront projects are under construction and closing on sales, including Lyon Homes’ Rows at NOMA, consisting of 98 condos, and Shea Homes’ 60-townhome Waterline project. New West Co. plans to break ground in the second quarter on its ambitious Quarry project of 193 condos near Point Richmond and is also under contract to buy a five-acre site 150 yards from the ferry terminal that could be developed for up to 600 units.

“Obviously the ferry was a big part” of the developer’s decision to invest in Richmond, said Todd Floyd, a principal. “The ferry and what was happening there got our attention, but once we were there we fell in love with the community.”

“Richmond is a great area that’s been overlooked and not thought about by the rest of the Bay Area until now,” Floyd added. “Now that there’s the opportunity to take the ferry and be in downtown San Francisco, it’s going to change everything.”

“The ferry is what’s going to get people to Richmond and then they’re going to fall in love with the area” and stay, Floyd said.”

Hoeven, Emily. “New Richmond ferry draws developers and businesses to long-struggling city.” San Francisco Business Times, 6 January 2019.

“Officials, business owners and real estate developers see the terminal as a trigger for economic development. They say it could spur the revival that Richmond leaders have talked about for years, although it’s always seemed just a little out of reach.

It will probably bring new shops and restaurants to the area around the former Ford assembly plant, now a gleaming brick-and-windowed showroom called the Craneway Pavilion. It may draw tourists to the Rosie the Riveter WWII Home Front National Historic Park Visitor Center or lure tech workers into shoreline housing developments — including a planned apartment building on a weed-choked lot at Harbour Way South, which could hold as many as 600 units.

The developer of that building, Todd Floyd, whose firm is also planning a 200 unit mid-rise on nearby Seacliff Drive, said he picked those sites because they are near the ferry terminal.

“That’s what got our attention,” he said. “I mean, it’s an absolute game changer.”

Swan, Rachel. “Soon-to-open Richmond ferry terminal could revive shoreline, usher in gentrification.” San Francisco Chronicle, 6 July, 2018.

If you ask Todd Floyd where he thinks the next focus of Richmond’s revitalization will be, he’ll tell you it’s the shoreline.

The Richmond shoreline, a waterfront strip located at the southern end of the city facing Oakland and San Francisco, is where Floyd’s company is developing one of the most ambitious residential projects in the city’s recent history.

It’s called The Quarry, and it’s an 18.4-acre project consisting of 189 condos near the water in Point Richmond. But New West isn’t the only home-builder making a big bet on Richmond’s shoreline. Developers are flocking to the area, giving credence to Floyd’s prediction.

Floyd, for his part, is confident that Bay Area workers will see the appeal of the Richmond shoreline. “We expect the success of our projects, along with Shea’s and William Lyons’, will bring a lot of positive attention to this special area,” he says. “We believe that Richmond is positioned to become one of the most livable Bay Area cities for the next generation.”

"A Home with a View." San Francisco Business Times, 12 October 2018.