PLEASANTON, CALIFORNIA – An office property in Pleasanton’s Hacienda Business Park could become a new apartment community with 142 homes, including larger units for families.
Nonprofit developer BRIDGE Housing is proposing the project at 4780 Chabot Drive, where a three-story, approximately 24,000-square-foot office building currently stands. The preliminary concept would replace it with a six-story residential building featuring underground parking and a roof deck.
The proposal received an encouraging reception from the Pleasanton City Council on October 20, although council members raised questions about funding and parking. No approval vote was taken, and the project remains preliminary.
City staff have described it as Pleasanton’s first 100% affordable family housing project developed with city support.
The concept calls for 66 one-bedroom apartments, 40 two-bedroom apartments and 36 three-bedroom apartments on the 1.39-acre property. The inclusion of larger apartments would give families options beyond studios and smaller units.
Want more local development news from Pleasanton and across the East Bay? Sign up for the free 925 News newsletter.
Of the 142 homes, 141 would have affordability restrictions and one would be a manager’s unit. The proposed breakdown includes 14 apartments restricted at 30% of area median income, 15 at 50%, 55 at 60% and 57 at 70%. The lowest-income category would serve extremely low-income households.
Paying for the project will require several pieces to come together.
BRIDGE’s proposed financing includes tax credits, a mortgage and other funding sources. A separate developer has tentatively agreed to direct approximately $10.3 million to $10.5 million in affordable housing fees from the proposed Positas Park development into the Chabot Drive project. Those fees would otherwise go to the city’s Lower Income Housing Fund. Positas Park is itself still under city review.
BRIDGE is also seeking city fee waivers or deferrals. A staff estimate placed the potential value of waived fees at up to approximately $8.4 million. Those requests are part of the discussion, rather than a completed funding agreement.
Parking is another unresolved issue. The concept includes roughly 70 spaces, or about one for every two apartments. Council members questioned whether that would be enough, with possibilities discussed including additional underground parking or parking off-site.
For residents wondering when the homes might become available, the project still has a substantial road ahead. BRIDGE expects to submit its entitlement package by mid-2027 and hopes construction could begin as early as 2028. Those are preliminary targets, not a confirmed opening schedule.
