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California  + Bay Area  + Apartments  | 

Historic Oakland Church Transformed into MF with Investment from Chase

The former 1930s-era Melrose Baptist Church in Oakland, CA has been transformed by Riaz Capital into a 60-unit apartment project. The painstaking restoration of the Rose on Bond, which is listed on the National Register, delivers much-needed workforce housing with units ranging from studios to two bedrooms.

The developer re-zoned the property at 1638 47th Ave., and raised private financing with investment from Chase in Historic Tax Credit equity and construction debt from First Republic Bank secured by Fannie Mae, the first for an investment of this scale in East Oakland in a generation.

The project preserves the character of the historic Spanish Colonial Revival Style architecture, while offering residents the modern amenities expected in a new construction building. In-unit features include quartz countertops, stainless steel appliances, dishwashers, tile bathrooms, private outdoor space and designer finishes. Secure parking for vehicles and bicycles is available on-site, along with an outdoor barbeque, package concierge, and laundry facilities.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
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