For Universal Paragon: Obtained approvals for the $500 million mixed-use project on 20 acres of brownfield in the Bay Area

For Universal Paragon Corp: Obtained approvals clearing the way for the development of a $500 million project on 20 acres of brownfield in the Bay Area, near the San Francisco/Brisbane border. The complex deal involved settling a lawsuit, indemnifying parties from claims of future environmental liability, obtaining fixed cost contracts for remediation and securing environmental liability insurance. The way is clear for the development of 1,250 housing units (with 25% set aside as affordable); 100,000 square feet of retail, including a supermarket; and 3 parks. UPC also plans to convert the existing historic Schlage Lock Co. office building, which is currently boarded up, into community space and offices.