Forge Development Partners
- Company typePrivate
- Founded2012
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Forge Development Partners firmographics
Firmographics- Name
- Forge Development Partners
- Legal name
- Forge Development Partners
- Website
- https://forgedevelopmentpartners.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Forge Development Partners industry classification
Industry- Product category
- Workforce Housing Real Estate Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)
- SIC
- Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industries
- Residential Affordable Housing Development & Construction (IMAFABAI), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)
Keywords
Where Forge Development Partners is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Forge Development Partners business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Workforce Housing Rental Income: Forge develops, owns, and manages workforce housing properties. Revenue is generated through monthly rental payments from residents occupying the apartments. Units are priced at workforce income levels (51% restricted to workforce income, 12% at MOH inclusionary levels, remaining at market rate).
- Retail Space Leasing: Projects include ground-floor retail space (e.g., 3,000 SF at TL 361 & TL 145, approximately 7,000 SF at TL 450, over 11,000 SF at Azzurro Tower) leased to local businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Inclusionary Housing Units (12%): Income restricted to approximately $32k/year |
| Subscription | Monthly | Workforce Housing Units (39%): Income restricted to approximately $75k-$80k/year |
| Subscription | Monthly | Market Rate Units (49%): Market rate pricing starting at approximately $82k/year qualifying income |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Forge Development Partners product offering
Product offeringCore offering
Forge Development Partners develops, owns, and manages workforce rental housing communities targeted at middle-income essential workers in California's high-cost urban cores. The company delivers micro-unit and standard apartment homes across four named projects (TL 361 & TL 145, TL 450, TL 468, and Azzurro Tower) using a Group Occupancy planning code designation, with tenants paying monthly rent set by income-restricted tiers, plus ground-floor retail leased to local businesses.
Product overview
Forge Development Partners is an urban housing solutions company offering a portfolio of workforce housing projects. The core offering consists of multiple residential developments: TL 361 & TL 145 (240 micro-units in San Francisco's Tenderloin), TL 450 (316-335 units at 450 O'Farrell), TL 468 (80 units), and Azzurro Tower (328 units in San Diego). All projects target the 'Missing Middle' income demographic and share common features including Group Occupancy designation, sustainable design, and smart home technology via the Smart Apartment Homes module. The Smart Apartment Homes add-on, powered by Homebase, differentiates the offering with mobile-controlled access, lighting, and HVAC. Concierge residential management services are included across all properties.
Differentiator
Problem solved
Functional benefit
Products and services
- TL 361 & TL 145 Two-building, 240-micro unit apartment community in San Francisco's Tenderloin district built under the Group Occupancy planning code, featuring 3,000 SF of ground-floor retail, 51% workforce income-restricted units, LEED Gold standard construction, IoT-enabled smart home technology, and concierge residential management for middle-income essential workers.
- TL 450 13-story mixed-use development at 450 O'Farrell Street featuring 316–335 workforce housing units (345–500 sq ft each) sleeping up to four individuals, developed in partnership with Fifth Church of Christ, Scientist, and including a 10,000 sq ft turnkey church facility plus approximately 7,000 sq ft of retail space.
- TL 468 80-unit workforce housing development at 468 Turk Street in San Francisco's Tenderloin district, utilizing the Group Occupancy planning code designation to provide middle-income housing options targeted at the 'Missing Middle' demographic.
- Azzurro Tower 33-story, 328-unit workforce housing tower at 601 W. Beech Street in San Diego's Little Italy district, featuring studio to 3-bedroom apartments (270–800 sq ft), more than 11,000 sq ft of retail and amenities, rooftop pool, and IoT-enabled smart home technology, privately financed without government subsidy.
- Concierge Residential Management Services Recurring residential property management service bundle delivered across Forge-owned properties, providing amenities such as laundry lockers and valet, package delivery and pickup, hosted events by local vendors, grab-and-go ground-floor café station, and relationships with local gyms and surrounding businesses, offered at a discount or free to residents.
Quantifiable outcome
- 51% of units rented to those earning maximum 80% AMI via Freddie Mac commitment
- +6 more outcomes
Companies that use Forge Development Partners
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles1 record
Forge Development Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature8 records
Forge Development Partners partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Panasonic CityNowcoreIn 2015, Forge partnered with Panasonic (and its Denver-based CityNow group) and IBM/Watson in a community-based Ideation process. 30+ stakeholders explored community living and management innovation while meeting economic requirements.
- Gensler ArchitectscoreWorld-renowned architecture firm partnered with Forge on multiple projects including TL 361, TL 145, TL 450, and Azzurro Tower. Gensler architects worked with student artists to transform winning facade designs into fabrication-ready products.
- Fifth Church of Christ, ScientistcoreForge partners with Fifth Church of Christ, Scientist to revitalize their 450 O'Farrell Street property by creating workforce housing. Church exchanges property for turnkey 10,000 SF worship space while Forge develops, owns, and manages 310-335 essential apartments.
- PG&EcorePartnership with PG&E achieved first single metered multifamily property approval in the country in 30 years. Single meter system achieves minimum $40,000 savings per unit and frees building space.
- HomebasecoreSmart home technology partner developing Smart Apartment Homes for TL 361 & TL 145 projects. Residents can unlock doors, control lighting, adjust HVAC from mobile app. Technology reduces contact with high-touch surfaces.
- Project Accesscore501(c)(3) nonprofit and leading provider of on-site health, education and employment services. Provides fully operational resource centers at TL 361 & TL 145 offering cooking/fitness classes, financial management, leadership training, business networking, and volunteer opportunities.
- BozzutominorListed as partner on Forge website, likely providing property management or residential services.
- San Francisco Interfaith CouncilcoreForge works with San Francisco Interfaith Council and Executive Director Michael Pappas on transforming underutilized church properties into sensible workforce housing projects that keep established churches in their communities.
- Architectural Foundation of San Francisco (AFSF)coreAFSF is a 52-year-old nonprofit supporting architecture education. Forge partners with AFSF on annual high school design competitions and sponsored facade design competition with Ruth Asawa School of the Arts.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Forge Development Partners competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Forge Development Partners social profiles
Digital presenceForge Development Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forge Development Partners leadership team
Management profileNumber of profiles
Profiles4 records
Forge Development Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forge Development Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forge Development Partners
What does Forge Development Partners do?
Forge Development Partners develops, owns, and manages workforce rental housing communities targeted at middle-income essential workers in California's high-cost urban cores. The company delivers micro-unit and standard apartment homes across four named projects (TL 361 & TL 145, TL 450, TL 468, and Azzurro Tower) using a Group Occupancy planning code designation, with tenants paying monthly rent set by income-restricted tiers, plus ground-floor retail leased to local businesses.
Is Forge Development Partners a public or private company?
Forge Development Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Forge Development Partners founded?
Forge Development Partners was founded in 2012. It employs 11 to 50 people.
Where is Forge Development Partners based?
Forge Development Partners is headquartered in San Francisco, United States, in the North America region.
How does Forge Development Partners make money?
Two revenue lines are on record. Workforce Housing Rental Income is the primary driver. The others are retail Space Leasing.
Does Forge Development Partners have an API?
No public API is recorded for Forge Development Partners.
What industry is Forge Development Partners in?
Forge Development Partners's product category is Workforce Housing Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFABAI, Residential Affordable Housing Development & Construction. Its NAICS code is 236116 and its SIC code is 1531.