June 18, 2015
A massive $500 million mixed-use development proposed for Alameda Point just gained city council approval. Alameda Point is set to have about 800 residential units, 200,000 square feet of retail and 800,000 square feet of other commercial use.
Thompson Dorfman Partners and Eden Housing are building the residential, while Madison Marquette will development shopping center and srmErnst is handling the rest of the commercial space. Trammell Crow is providing financing for Alameda Point.
Development of the project, which is on a former naval base that closed in 1997, is expected for completion in 2018 with a groundbreaking next year. Additional uses are also in the works for the site.