“Star Wars” creator George Lucas has submitted plans to the Marin County (Calif.) Development Agency to build 224 units of affordable workforce and senior housing on 52 acres at Grady Ranch.
This proposal is the latest broadside in an ongoing battle between Lucas and residents of this affluent neighborhood who, in the past, have blocked Lucas’s efforts to expand his production company, Lucasfilms. Two years years ago, Lucas also encountered opposition to his plan to sell land at Grady Ranch to a developer for affordable housing.
Lucas, who has owned land in Marin County since 1978 (that property is called Skywalker Ranch), said he would build the housing himself, but that project lost its financial backing in 2013. The Marin Independent Journal reported at the time that the costs for the project would fall somewhere between $120 million and $150 million.
Now, Lucas—whom Forbes estimates is worth $5.1 billion—says he will finance 100% of the housing project, according to Gary Giacomini, former county supervisor and an attorney for Skywalker Properties.
The initial reactions to Lucas’s latest proposal have been mixed, with one local supervisor worrying about the “cumulative impact” of a project that large on the community. Other supervisors see the proposal as an opportunity to make a dent in the county’s shortage of affordable housing. Thomas Peters, CEO of the Marin Community Foundation, called Lucas’ plan an “extraordinary offer” that underscores the filmmaker’s commitment to the housing needs of the vibrant workforce that drives the region’s vitality. (Ironically, the Foundation was the financial backer that bailed on Lucas’s housing plans two years ago.)
Lucas’s proposal call for 120 two- and three-bedroom workforce rental homes in one four-story cluster and two two-story clusters. There would also be 104 one- and two-bedroom residences for seniors in a four-story cluster, according to the Independent Journal. Zoning at Grady Ranch allows for up to 324 homes at this site, which is where Lucas had originally intended to expand his studio facilities.
The architect for this project is Robert W. Hayes of Sausalito, and the project is being coordinated and managed by PEP Housing of Petaluma, which developed Toussin Senior Apartments, an affordable complex that Hayes had designed.
Applicants for the workforce housing need to be earning less than 80% of the market’s median household income. The seniors applying for housing need to fall within 30% and 60% of that median. Quoting Census estimates, the Washington Post reports that 7.7% of the county’s residences live below its $90,839 median income level.
Related Stories
MFPRO+ News | Jun 20, 2024
National multifamily outlook: Summer 2024
The multifamily sector continues to be strong in 2024, even when a handful of challenges are present. That is according to the Matrix Multifamily National Report for Summer 2024.
Multifamily Housing | Jun 17, 2024
Elevating multifamily properties through quiet luxury
As the demands of urban living continue to evolve, the need for a tranquil and refined home environment has never been more pronounced.
Multifamily Housing | Jun 14, 2024
AEC inspections are the key to financially viable office to residential adaptive reuse projects
About a year ago our industry was abuzz with an idea that seemed like a one-shot miracle cure for both the shockingly high rate of office vacancies and the worsening housing shortage. The seemingly simple idea of converting empty office buildings to multifamily residential seemed like an easy and elegant solution. However, in the intervening months we’ve seen only a handful of these conversions, despite near universal enthusiasm for the concept.
Adaptive Reuse | Jun 13, 2024
4 ways to transform old buildings into modern assets
As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
Affordable Housing | Jun 12, 2024
Studio Libeskind designs 190 affordable housing apartments for seniors
In Brooklyn, New York, the recently opened Atrium at Sumner offers 132,418 sf of affordable housing for seniors. The $132 million project includes 190 apartments—132 of them available to senior households earning below or at 50% of the area median income and 57 units available to formerly homeless seniors.
MFPRO+ News | Jun 11, 2024
Rents rise in multifamily housing for May 2024
Multifamily rents rose for the fourth month in a row, according to the May 2024 National Multifamily Report. Up 0.6% year-over-year, the average U.S. asking rent increased by $6 in May, up to $1,733.
Apartments | Jun 4, 2024
Apartment sizes on the rise after decade-long shrinking trend
The average size of new apartments in the U.S. saw substantial growth in 2023, bouncing back to 916 sf after a steep decline the previous year. That is according to a recent RentCafe market insight report released this month.
Multifamily Housing | Jun 3, 2024
Grassroots groups becoming a force in housing advocacy
A growing movement of grassroots organizing to support new housing construction is having an impact in city halls across the country. Fed up with high housing costs and the commonly hostile reception to new housing proposals, advocacy groups have sprung up in many communities to attend public meetings to speak in support of developments.
MFPRO+ News | Jun 3, 2024
New York’s office to residential conversion program draws interest from 64 owners
New York City’s Office Conversion Accelerator Program has been contacted by the owners of 64 commercial buildings interested in converting their properties to residential use.
MFPRO+ News | Jun 3, 2024
Seattle mayor wants to scale back energy code to spur more housing construction
Seattle’s mayor recently proposed that the city scale back a scheduled revamping of its building energy code to help boost housing production. The proposal would halt an update to the city’s multifamily and commercial building energy code that is scheduled to take effect later this year.
