flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The empire strikes back: George Lucas proposes new affordable housing complex he'll finance alone

Multifamily Housing

The empire strikes back: George Lucas proposes new affordable housing complex he'll finance alone

The latest plans are seen by some as payback for community opposition to his past real estate ventures.


By John Caulfield, Senior Editor | April 27, 2015
The empire strikes back: George Lucas proposes new affordable housing complex he'll finance alone

Filmmaker George Lucas plans to build an affordable housing community on his Grady Ranch property, and will finance it himself. Image: Wikimedia Commons

“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 | Nov 15, 2023

Average U.S multifamily rents drop $3 to $1,718 in October 2023: Yardi Matrix

Multifamily fundamentals continued to soften and impact rents last month, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent dropped $3 to $1,718 in October, with year-over-year growth moderating to 0.4%, down 40 basis points from September. Occupancy slid to 94.9%, marking the first decline in four months.

Industrial Facilities | Nov 14, 2023

Some AEC firms are plugging into EV charging market

Decentralized electrical distribution is broadening recharger installation to several building types.

MFPRO+ Special Reports | Nov 14, 2023

Register today! Key trends in the multifamily housing market for 2024 - BD+C Live Webinar

Join the BD+C and Multifamily Pro+ editorial team for this live webinar on key trends and innovations in the $110 billion U.S. multifamily housing market. A trio of multifamily design and construction experts will present their latest projects, trends, innovations, and data/research on the three primary multifamily sub-sectors: rental housing, senior living, and student housing. 

Multifamily Housing | Nov 9, 2023

Multifamily project completions forecast to slow starting 2026

Yardi Matrix has released its Q4 2023 Multifamily Supply Forecast, emphasizing a short-term spike and plateau of new construction.

MFPRO+ News | Nov 1, 2023

Washington, D.C., Queens, N.Y., lead nation in number of new apartments by zip code

A study of new apartment construction by zip code showed Washington D.C., and the Queens borough of New York City are the hottest multifamily markets since 2018, according to RentCafe.

Adaptive Reuse | Nov 1, 2023

Biden Administration reveals plan to spur more office-to-residential conversions

The Biden Administration recently announced plans to encourage more office buildings to be converted to residential use. The plan includes using federal money to lend to developers for conversion projects and selling government property that is suitable for conversions. 

Sponsored | MFPRO+ Course | Oct 30, 2023

For the Multifamily Sector, Product Innovations Boost Design and Construction Success

This course covers emerging trends in exterior design and products/systems selection in the low- and mid-rise market-rate and luxury multifamily rental market. Topics include facade design, cladding material trends, fenestration trends/innovations, indoor/outdoor connection, and rooftop spaces.

MFPRO+ Special Reports | Oct 27, 2023

Download the 2023 Multifamily Annual Report

Welcome to Building Design+Construction and Multifamily Pro+’s first Multifamily Annual Report. This 76-page special report is our first-ever “state of the state” update on the $110 billion multifamily housing construction sector.

Mass Timber | Oct 27, 2023

Five winners selected for $2 million Mass Timber Competition

Five winners were selected to share a $2 million prize in the 2023 Mass Timber Competition: Building to Net-Zero Carbon. The competition was co-sponsored by the Softwood Lumber Board and USDA Forest Service (USDA) with the intent “to demonstrate mass timber’s applications in architectural design and highlight its significant role in reducing the carbon footprint of the built environment.”

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021