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Cherryland Place

Posted: 2/5/2020
2.78 Acres
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About Cherryland Place

Cushman & Wakefield is pleased to exclusively present Cherryland Place (the "Property"), a fully-entitled mixed-use multifamily development site located in a Qualified Opportunity Zone in unincorporated Hayward, California. Located within 10 minutes of three BART stations and 15 minutes from the San Mateo Bridge, Cherryland Place will provide future residents convenient access to the Peninsula, and a seamless 25 and 35 minute commute to Oakland and San Francisco, respectively. Situated between Interstates 580 & 880, future residents are well connected to San Jose and Silicon Valley - the technology capital of the world.

Cherryland Place’s strategic central Bay Area location provides widespread access to the most innovative companies in the world and is well positioned within a high income growth submarket. Median household incomes in the Hayward area are forecasted to grow 21% by 2024 to $102,426 annually, while the number of local households with annual incomes greater than $150,000 is expected to grow 36% during this same time. As a modern community with on-site retail and easy access to the region’s top employers, Cherryland Place will offer the well-amenitized living experience and embedded upside critical to making the community a highly successful development project.