Oakland Celebrates Grand Opening of First Residential Building at MacArthur Station
OAKLAND, CA, March 21, 2016---Oakland and BRIDGE Housing today will celebrate the ribbon-cutting of Mural, the first residential building of the MacArthur Station transit-oriented development.BRIDGE is an award-winning nonprofit developer, owner and manager of affordable homes. Mural includes 90 rental apartments that are affordable to residents with annual incomes of up to 50% of Area Median Income (approximately $46,000 for a family of four). Monthly rents for studios, one-, two- and three-bedroom apartments range from approximately $460 to $1,134, depending on factors such as income, household and apartment size.
Amenities include 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 as Oakland's rich tradition of mural art. The building itself features a lobby mural of reclaimed wood created by local artist Martin Webb.
Mural is the second phase of the master-planned MacArthur Station development, which will provide 675 new homes (20% affordable) on a 7.76 acre site. The overall MacArthur Station development will include construction of five buildings for high density, multifamily housing, with a new 478-space parking garage for BART patrons and guests. In addition, 42,500 square feet of local commercial and retail space will be constructed, along with 5,000 square feet of space for community use.
“Mural represents years of planning and partnership to bring affordable, transit accessible homes to Oaklanders,” said Oakland Mayor Libby Schaaf. “When MacArthur Station was first envisioned, no one imagined just how badly Oakland would need a development of this type. This first round of housing is coming on line just in time to give immediate support to residents in need, and provide a model for how we can replicate successful efforts like this across our city.”
“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. “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.”
“Transit-oriented development is a win for local communities, and I’m proud to have been a part of this project,” said BART Director Robert Raburn. “The Mural building will be a staple in the community, showcasing the utility of BART for not only neighborhoods but the regional economy and environment as well.”
"Part of U.S. Bank's mission is the empowerment of all members of our community to achieve to their highest potential. Having a safe, affordable and high quality place to live is one of the building blocks to realizing your potential, and Mural Apartments along with BRIDGE Housing's commitment to the neighborhood will be a large step forward to residents here," said Lisa Gutierrez, Vice President of U.S. Bank community lending.
Financing for the $43.8 million Mural was 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 ribbon-cutting include Oakland Mayor Libby Schaaf; Dan Kalb, Oakland City Councilmember, District 1; Zakhary Mallett, BART Director, District 7; Ben Metcalf, California Department of Housing and Community Development; Jeree Glasser-Hedrick, California Debt Limit Allocation Committee; Terce Sandifer, Union Bank; Lisa Gutierrez, U.S. Bank; and Cynthia Parker, BRIDGE Housing.
At the time of the ribbon-cutting, Mural was fully occupied and the waiting list is closed. For more information about BRIDGE, visit www.bridgehousing.com.
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