Trammell Crow JV Achieves Key Milestones At $1B Alameda Waterfront MXU Development
Connect Media –
Alameda Point Partners, LLC, has hit significant milestones on phase one of Alameda Point’s Site A development project in Alameda, CA. The JV includes Trammell Crow Residential (TCR), Cypress Equity Investments (CEI), and srmERNST Development Partners.
The $1-billion mixed-use, transit-oriented waterfront development is on the site of the former Naval Air Station Alameda. The developer closed escrow on 30 acres of the 68-acre parcel in March 2018, and broke ground in May 2018.
Demolition is complete on the entire 30-acre site, and 50% of the infrastructure work is completed and expected to wrap up late this year. The ferry dock is currently being fabricated, and construction of the terminal is slated to begin this fall.
CEI broke ground on 200 market-rate residential units on Block 9 in Site A, which also includes roughly 10,000 square feet of retail/commercial space. Eden Housing recently commenced construction on 60 units of senior housing on Block 8.
Trumark Homes will start vertical construction this summer on 64 townhomes on Block 6. TCR, in a venture with CEI, will be developing a 220-unit market rate apartment community later this year on Block 11.