First Residential Building Breaks Ground at MacArthur Station
OAKLAND, CA, November 15, 2013—At 11 am today, BRIDGE Housing will celebrate the construction start of Mural, the first residential building of the MacArthur Station transit-oriented development.
Access to the event site is via the parking lot at the MacArthur BART Station. BRIDGE is an award-winning nonprofit developer, owner and manager of affordable homes.
When complete in spring 2015, Mural will include 90 rental apartments affordable to residents with annual incomes ranging from approximately $28,000 to $47,000 for a four-person household (30% to 50% of Area Median Income). Monthly rents for studios, one-, two- and three-bedroom apartments will range from $450 to $1,100 depending on factors such as income, household and apartment size. Residents will have access to a large community room and kitchen, laundry facilities, two landscaped courtyards and a tot lot.
Mural is named after the iconic geometric murals within the MacArthur BART station as well Oakland’s rich tradition of mural art. The property itself will feature a locally commissioned mural in the front entryway.
Mural is the second phase of the master-planned MacArthur Station development, which will provide a total of 624 new high density, multifamily homes (516 market rate and 108 below market rate) on the 7.76 acre site. Phase one, a new 478-space parking garage for BART patrons and guests, is expected to open in spring 2014. In addition, 42,500 square feet of commercial and retail space will be constructed, along with 5,000 square feet of space for community use.
“Community development near transit makes sense for people, neighborhoods and the environment, and we are proud to bring affordable homes for families into the mix,” said Cynthia A. Parker, President and CEO of BRIDGE Housing. “Ultimately, MacArthur Station will be a vibrant hub that is even friendlier to bikes and pedestrians, with enhanced public transit access to jobs, services and amenities.”
"The Mural residential building is an important phase of the MacArthur BART Station transit-oriented development that promises to boost BART ridership and improve the station area environment,” said Robert Raburn, BART Director, District 4. “Appealing housing and commercial spaces at BART benefit the neighboring community, BART riders and the environment."
Financing for the $43.8 million Mural is being provided by the City of Oakland, the Oakland Housing Authority, the California Department of Housing and Community Development, Union Bank, N.A., U.S. Bank, the California Tax Credit Allocation Committee, the California Debt Limit Allocation Committee and the California Municipal Finance Authority. Bay Area Rapid Transit is the land owner and public partner. The architect is Van Meter Williams Pollack, and the general contractor is James E. Roberts-Obayashi Corporation.
Expected speakers for the groundbreaking include Dan Kalb, Oakland City Councilmember, District 1; Robert Raburn, BART Director, District 4; Walter Miles, MacArthur BART Citizens’ Planning Committee; Michele Byrd, City of Oakland; Jonathan Klein, Union Bank; John Chan,US Bank; Rick Holliday, BRIDGE Board Chairman; and Cynthia Parker, BRIDGE Housing President and CEO.
Prospective residents may call 510.273.2401 or visit www.bridgehousing.com
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NOTE TO EDITORS: Renderings of Mural and MacArthur Station are available; please contact Lyn Hikida at firstname.lastname@example.org to request. View groundbreaking album at http://on.fb.me/19EWEUv.