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Alameda Point Land Transferred to Trammell Crow Residential JV
Trammell Crow Residential revealed the first phase of the 68-acre Site A parcel at Alameda Point was transferred from the City of Alameda, CA to Alameda Point Partners (APP), the city’s private partner for the project. The transfer of roughly 30 acres to APP paves the way for Site A, a mixed-use, transit-oriented waterfront development at the gateway to Alameda Point.
Trammell Crow Residential’s Bruce Dorfman says, “Closing this deal and starting construction on Site A’s phase one $500 million development is significant. Due to extensive infrastructure requirements, this is a very complicated development.”
The first phase will consist of 673 housing units, eight acres of parks and open space, funding for a ferry terminal, and 93,000 square feet of retail development. New infrastructure is expected to deliver over the next two to three years, with the first new residences projected to open in 2021.
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