November 9, 2026

Legacy pays over $10M for land, and landmarked building, in Fremont

Rendering via Urbal Architects [enlarge]

In the foreground, the S&W Building will become amenity space, plus a possible cafe.

Legacy Partners landed its MUP this summer for a 170-unit apartment project in Fremont. And last week came the land sales at and around 3652 Woodland Park Ave. N. (a slightly changed address).

The two deals were worth over $10.7 million, with the new owner of record being Stone Way Property Owner LLC. Brokers were not announced.

The more significant sale of the two was for the landmarked Shannon & Wilson Building, with its distinctive precast concrete crenellated roof. That will remain on the corner of 38th Street. A small south apartment building is to be razed, plus a garage, and those demo permits are in place.

Urbal Architects designed the main eight-story, 162-unit building. North of that, and flanking the S&W, will be a four-story, eight-unit townhouse building. (Both are to be rentals.) ( Update: Rush Commercial Construction now says it’s the builder.)

[enlarge]

Built in 1960, the building has a distinctive precast concrete crenellated roof.

Public records indicate a nearly $48.9 million loan from Santander Bank, which should launch the construction effort. That's to include two levels of underground parking, with 127 stalls. The unnamed project will proceed under phased permits, so the excavation and demo can begin shortly.

With a total project size of 182,000 square feet, the building schedule will be around two years. A name should emerge during that time. And a broker should eventually hang out its shingle for the 2,045 square feet of commercial space in the north S&W Building. Part of that will also be tenant amenity space.

Apartments are to run from studios to two-beds; sizes look to range from 480 to 1,322 square feet, with the largest units being the north townhouses.

Planning began around six years ago under Ankrom Moisan Architects and Pollard Entities. Legacy is based in the Bay Area and has a Seattle office. Its Fremont team today includes Collier Holdings (of Delaware), financial partner; Fazio Associates, landscape architect; Terra & Associates, geotechnical engineer; Kimley-Horn, traffic consultant; Bush Roed & Hitchings, surveyor; Glumac, MEP; Coughlin Porter Lundeen, civil engineer; and CT Engineering, structural.

Geotechnical and environmental consulting firm Shannon & Wilson was the north building's original occupant. NBBJ was the architect. The north building opened in 1960, and S&W finally sold in 1990 and moved elsewhere in Fremont.