City of Alameda, Alameda Point Partners Break Ground on $1B Mixed-Use Development on Former Naval Air Station
Posted on in California, Development, Mixed-Use, Multifamily, Restaurant, Retail, Western
ALAMEDA, CALIF. — The City of Alameda and Alameda Point Partners have broken ground on the first phase of the $1 billion mixed-use, transit-oriented waterfront development at the gateway to Alameda Point, called Site A. The 68-acre Site A development is located on the former Naval Air Station Alameda, which closed more than 20 years ago.
Alameda Point Partners is a joint venture between managing partner Trammell Crow Residential, a division of Dallas-based Crow Holdings; commercial developer srmERNST Development Partners; affordable nonprofit housing developer Eden Housing; retail landlord Madison Marquette; and financial partner Cypress Equity Investments.
Slated to cost $500 million, the first phase of the Site A project consists of 673 housing units, including 130 affordable units for low-income households and an additional 310 units for middle-income households; eight acres of parks and open space; and 100,000 square feet of retail, dining and marker space, as well as community event and gathering space.
Major infrastructure improvements on the 30-acre Phase I project include new water, sewer, electrical and gas lines, newly paved streets with bike and transit lanes, and bulkhead improvements on Seaplane Lagoon for a new ferry terminal.
Eden Housing will develop 130 affordable housing units during Phase I on Block 8, a two-acre parcel at the corner of Ralph Appezzato Memorial Parkway and Orion Street. KTGY Architecture + Planning is designing the two-building project.
Cypress Equity Investors plans to build 200 residential units for moderate-income households on Block 9. Designed by PYATOK, the development will also include 10,000 square feet of retail space.
Additionally, Trammell Crow Residential will develop The Alexan Pan Am, a 220-unit market-rate apartment community on Block 11. The property will feature 15,000 square feet of neighborhood-serving retail and commercial space. Designed by BAR Architects, construction is slated to begin later this year.
In Block 6, Trumark Homes plans to construct 63 townhomes, designed by KTGY Architecture + Planning. Additionally, Block 7 is currently optioned by Trumark Homes for 60 townhomes. The concept design architect was Kwan Henmi Architecture/Planning, which is now DLR Group|Kwen Henmi. KTGY Architecture + Planning is the executive architect.
Upon full buildout, the 68-acre, master-planned development will bring 800 residential units, up to 600,000 square feet of commercial space and 15 acres of parks and public open space, as well as new transportation services and facilities, including a new ferry terminal.
Completion of the new infrastructure for Phase I of Site A is expected within the next two years, with vertical construction on the new buildings starting by year end. The first residential units are slated to be delivered in the second half of 2019.