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.

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