Ground broken on US$1 billion development

By Andy Brown25 May 2018

AlamedaPoint

An artist’s impression of what Alameda Point could look like when it is completed

Ground has been broken in the city of Alameda, in California, US, on the first phase of the 68-acre $1 billion mixed-use, waterfront development at the gateway to Alameda Point, called Site A.

The project is being developed by Alameda Point Partners, a joint venture between managing partner Trammell Crow Residential, a division of Dallas-based Crow Holdings; commercial developer srmERNST Development Partners; affordable nonprofit housing developer Eden Housing; retail landlord Madison Marquette; and financial partner Cypress Equity Investments.

Estimated to cost $500 million, the first phase of the Site A project consists of 673 housing units, including 130 affordable units for low-income households and an additional 310 units for middle-income households.

It also includes eight acres of parks and open space, 3050m² of retail, dining and marker space, as well as community event and gathering space.

Major infrastructure improvements on the 30-acre Phase I project include new water, sewer, electrical and gas lines, newly paved streets with bike and transit lanes, and improvements on Seaplane Lagoon for a new ferry terminal.

Completion of the new infrastructure for Phase I of Site A is expected within the next two years, with vertical construction on the new buildings starting by year end.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
10 ways to join the hydrogen power revolution
Interest in the use of hydrogen has soared over the past few years as the construction industry races to reduce its carbon footprint. We roundup some recent initiatives
Telescopic boom lifts - the trends
Higher capacities and 100% electric models are the trend. And what lies ahead for 200ft models, or above?
How construction can become sustainable
The construction industry is undergoing a transformative shift to adapt more environmentally friendly practices
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA