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.
Construction has topped out for the MacFarlane Building at 2111 University Avenue, one of four residential structures rising at the Modera Acheson Commons project in Downtown Berkeley. Each structure makes adaptive reuse of low-rise commercial sites to add 203 new apartments to the Berkeley housing market. Mill Creek Residential is sponsoring as the project applicant after acquiring the site from Equity Residential in 2016.
The 440-foot 340 Fremont Street is tied with two other towers as the 43rd tallest building in the Bay Area, located on Rincon Hill in SoMa, San Francisco. The project was first proposed in 2005, though delays pushed construction to start in 2014 and open in 2016. Equity Residential is the project developer.
New building permits have been filed for a four-story residential proposal at 3131 Homestead Road, Santa Clara, to expand Laguna Clara Apartments. 225 units will be added to the existing site to nearly double housing. Equity Residential is responsible for the development.