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 crews are making project on a multi-family residential building at 2556 Telegraph Avenue, at the border of South Berkeley and Southside. Named The Laureate, the building will rise five stories, adding little to the city skyline. Realtex Group is credited as the property owner, with Bright Street operating as the project manager.
BART has announced that they have picked two developers to form a joint venture for 780 new residences around the El Cerrito Plaza BART Station, with 49% units as affordable, and a public library. Related California and Holliday Development were chosen. The joint venture now must negotiate the terms of agreement with BART to start the two-to-three-year process of producing a development concept.
Development permits have been filed, and renderings revealed, for a new mixed-use building at 2700 International Boulevard in Fruitvale, Oakland. The 72-foot structure will yield 100,385 square feet, of which 57,298 square feet will be dedicated to the 75 apartments on-site, all of which are to be sold as affordable housing. The Bay-Area based Unity Council is responsible for the development.
Permits have been approved for a 72-unit residential development at 1744 Ruby Street in Castro Valley. The Alameda County government has paved the way for construction to begin soon with their decision, which will produce…