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BRE, BART Planning Mixed-Use Development

WALNUT CREEK, CA-Publicly held BRE Properties and the Bay Area Rapid Transit Authority are unveiling plans today for a transit-oriented development at the BART station here that will includes 600-plus residential units over street-level retail.

By Brian K. Miller | Updated on November 30, 2005

WALNUT CREEK, CA-Publicly held BRE Properties and the Bay Area Rapid Transit Authority will unveil preliminary plans today for a mixed-use transit-oriented development on what are now surface parking lots on the west side of the Walnut Creek BART station. BRE has partnered with a group of local developers who have the development rights for the site.

The plan, to be detailed tonight at a city planning commission meeting, calls for 575 apartment units in a four-story building that will sit between the elevated I-680 freeway and the elevated BART line. About 515 units will be market rate, which is about $2.30 per sf per month. The remainder of the units, about 60, will be more affordable. The unit mix would be about 70% studio and one-bedroom units, a source at BRE Properties tells GlobeSt.com. The retail space would total about 30,000 sf.

City approval is expected sometime during the latter half of 2006. The plan is in line with the city’s goal of adding 1,700 new housing units near mass transit between 1999 and 2007. Not including this project, about half those units have been completed or are under construction.

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