ALAMEDA, CA—Memorial Day celebrations are in the not-too-distantrear-view mirror, which is an appropriate coincidence for the startof development on the former Naval Air Station site. Alameda andits private partner, Alameda Point PartnersLLC, recently celebrated the groundbreaking of the first phaseof the $1 billion mixed-use transit-oriented waterfront developmentat the gateway to Alameda Point called Site A. The 68-acre development is located on the site of the former NavalAir Station Alameda which closed more than 20 years ago.
“I am thoroughly impressed with how much city pride theresidents and officials of the city of Alameda have and it hasclearly shined through in our dealing with the stakeholders,” BruceDorfman, senior managing director of Trammell Crow Residential's NorthernCalifornia division, tells GlobeSt.com. “Alameda Point Site Ahas been such a tremendous group effort. So many stakeholders havecome together to make this project happen. This speaks volumesabout how great the community of Alameda is. At the groundbreakingceremony, I was thinking about how pleased, honored and privilegedwe feel to be able to develop in this community and to build thefirst multifamily market-rate apartment community in 45 years.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.