ALAMEDA, CA—Memorial Day celebrations are in the not-too-distant rear-view mirror, which is an appropriate coincidence for the start of development on the former Naval Air Station site. Alameda and its private partner, Alameda Point Partners LLC, recently celebrated the groundbreaking of the first phase of the $1 billion mixed-use transit-oriented waterfront development at the gateway to Alameda Point called Site A. The 68-acre development is located on the site of the former Naval Air Station Alameda which closed more than 20 years ago.

“I am thoroughly impressed with how much city pride the residents and officials of the city of Alameda have and it has clearly shined through in our dealing with the stakeholders,” Bruce Dorfman, senior managing director of Trammell Crow Residential's Northern California division, tells GlobeSt.com. “Alameda Point Site A has been such a tremendous group effort. So many stakeholders have come together to make this project happen. This speaks volumes about how great the community of Alameda is. At the groundbreaking ceremony, I was thinking about how pleased, honored and privileged we feel to be able to develop in this community and to build the first multifamily market-rate apartment community in 45 years.”

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