HERCULES — Hundreds of additional apartments were planned to fill out the Hercules Bayfront, but a change in market conditions has led the project developer to slash its proposal.
Ledcor Development, a Southern California firm, had previously planned to build 476 apartments on nearly 4.5 acres of land divided across three parcels just off the San Pablo Bay.
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The proposal was part of a larger three-part development effort dubbed the Hercules Bayfront Community. Ledcor has already seen the completion of two other apartment projects — The Exchange and The Dylan — that brought 403 units to the city.
While the company was unable to obtain financing for the original version of the proposal, a new iteration approved by council members at their Sept. 9 meeting, now calls for 16