First Residential Units Open In Alameda Point Waterfront District

The first residential development has opened its doors in the Alameda Point Waterfront District. The 30-acre site was once home to a Naval Air Station but has been revitalized for the community. Aero Apartments, a joint venture project between Cypress Equity Investments and Equity Residential, is a major milestone in that revitalization.

“This is part of stage one of the greater Alameda Point Waterfront District, and really Aero Apartments is the first opportunity for residential units in this new district,” Alla Sorochinsky, Cypress Equity Investments’ managing director and CFO, tells GlobeSt.com. “We really focused on high design and cosmopolitan living so that people could really enjoy the waterfront setting. This is the first construction of lease-up apartments in the last two decades in Alameda Point, and we really envisioned providing a very tranquil community just minutes from San Francisco. We are providing something new and different in the Bay Area.”