Cypress Equity and Equity Residential have announced the residential launch of the AERO Apartments, located at 2000 Ardent Way in the Alameda Point Waterfront District. The development is part of a master plan which expects to draw $1 billion of development at the 68-acre former Naval Air Station in Alameda. Move-ins are expected by the second quarter of this year.
The AERO Apartments contains 200 units, ranging in size from studios to two bedrooms. Each unit will be pet-friendly. Studio prices start at $2,370 per month, with two-bedroom prices starting just shy of $4,000 per month. Amenities include a fitness center, dog run, an entertainment room, lounge, and rooftop deck. The property does have LEED Gold Certification in recognition of sustainable design and energy efficiency.
Pyatok Architects is responsible for the architecture. The firm explains that their design’s “…dramatic 60 foot butterfly roof acts as a local landmark and incorporates a rooftop lounge and patio with panoramic views across the San Francisco Bay. Forms, materials, and colors are inspired by the former base’s preserved hangars and maritime uses.” The building facade has also been articulated, and planters added along the sidewalks to enhance the pedestrian experience.
The 60-foot building includes 9,500 square feet of ground-level retail. A sizable parking garage is included in the structure interior.
The masterplan of Alameda Point is drafted by BAR Architects, with KTGY Architects, DLR Group, BCV Architecture, April Philips Design Works, and the Guzzardo Partnership involved with design and landscape architecture. The full project spans 17 city blocks, with expectations to add a hotel and 800 for-sale and rental homes, of which 200 will be priced as affordable in Alameda Point Site A. 500,000 square feet of commercial area will be included for maker spaces, retail, and offices.
The neighborhood is being billed as a positive for public transit, as it centers on a ferry and connections with AC Transit’s Bus Rapid Transit line. The new ferry terminal and ferry service will connect the neighborhood with San Francisco.
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ANY OF THESE DEVELOPMENTS COME UNDER LIHTC RULE??