The AFL-CIO Housing Investment Trust (HIT), in cooperation with the San Francisco Building and Construction Trades Council (BCTC) and Nibbi Brothers General Contractor, hosted a special lunch for union workers at the Potrero Launch Apartments construction site in the city’s Central Waterfront area. The union-built residential development will offer 196 rental units, create more than 460 union jobs during the construction period, and provide affordable housing, child care, and commercial development for the community.
BCTC Secretary-Treasurer Mike Theriault cited the key role unions are playing on this project to help meet San Francisco’s housing needs, and commended the workers on the all-union project.
Union pension capital and the union workers on this project are helping revitalize the Central Waterfront, making it a better place to live and work. Your craftsmanship is producing a development of high quality that will help attract renters and businesses to this growing neighborhood. The HIT’s investment here helped assure that the project would be all-union at a time when there has been little residential construction and our members really need the work.
HIT Chief Operating Officer Ted Chandler noted that Potrero Launch is one of three residential projects that are currently under construction in San Francisco with HIT financing. The two other projects are Arc Light residences in South Beach and 333 Harrison in Rincon Hill. Together, the three projects represent $105 million of HIT financing and total development value of $233 million. These union-built projects will create 616 housing units and are generating an estimated 1,340 union construction jobs.
Rod DuChemin, HIT Director of Labor Relations, added his own thanks to the workers.
Like all HIT projects, the construction work here at Potrero Launch is being performed entirely by union members, whose skills and knowledge are vital to the success of the project. We thank you for the great work you are doing here.