Real Estate Development
EBALDC's Real Estate Development staff are focused on construction and rehabilitation of buildings that meet the community development objectives outlined by our Neighborhood and Economic Development staff and Board of Directors. Our work has encompassed affordable housing for families and seniors, mixed-use development, and community facilities for non-profit organizations and neighborhood serving businesses. To date, EBALDC has participated in development of over 1400 rental apartments and townhouses. Through our support of Home Place Initiatives, we have sponsored development of over 100 single family homes. Many of these buildings have been joint ventures with other non-profit or for profit partners. EBALDC has also developed or provided asset management services for nearly 250,000 square feet of retail and office space, including spaces for non-profit organizations and childcare centers.
See also EBALDC's commercial and residential properties.
Work in progress
Home Place Initiatives & Sausal Creek Homes Now Selling
Home Place Initiatives is an independent nonprofit corporation established by EBALDC to find innovative strategies to increase homeownership for low to moderate-income families. Home Place Initiatives is currently working to develop Sausal Creek Homes, 17 homes for sale in the San Antonio District of Oakland. It will include 8 three bedroom homes at 1250 square feet each and 9 two bedrooms at 944 square feet each.
Lillie Mae Jones Plaza
A joint-venture between EBALDC and CHDC of North Richmond, Lillie Mae Jones Plaza is a 26 unit new construction rental housing development located on a vacant .63acre parcel at the corner of MacDonald Avenue and Second Street in Richmond, CA. The development will include one, two, and three, and four bedroom units serving low and very low income households. Nine of the units will serve individuals and families with a disability who are homeless or at risk of homelessness. Of the nine units serving individuals/families with a disability, five of these units (one- and two-bedrooms) will be reserved for and restricted to persons with HIV/AIDS, with the two bedroom units intended to serve households with children. The remaining four supportive housing units (one-bedrooms) will target households with mental illness and substance abuse disabilities.
Lion Creek Crossings (Coliseum Gardens) Now Renting
The Oakland Housing Authority received a HOPE VI grant to replace its 178 notorious Coliseum Garden apartments with a mixed income development of over 400 apartments and approximately 28 homes for sale. EBALDC assembled a development team, which includes The Related Company of California and Chambers Construction to work with the housing authority. Chambers Construction will develop the homeownership portion with EBALDC and Related jointly responsible for the apartments. The development will surround a revitalized 5 acre City Park and Lion Creek, which will also be restored by the city. The first phase of this development includes 115 apartments and 7,500 square feet of space for community services. The second phase has 146 apartments and another 7,500 square feet for community services including supporting future growth child care, youth and after school programs, health programs, career counseling and business development opportunities. The second phase was completed in Fall 2007. The third phase is being built with over a hundred family apartments and townhouses that will overlook the restored Lion Creek and city park.
Jack London Senior Housing
Jack London Gateway Senior Housing is part of a mixed-use development to infill an underutilized neighborhood shopping center parking lot. The senior housing will bring 61 units of affordable senior housing to the northern parking lot of Jack London Gateway Plaza, located in West Oakland at 989 Brush Street, at the entrance to downtown Oakland and Jack London Square. Our involvement in Jack London Gateway with its strong community participation creates a new level of community development, where together with our partners, we will integrate much needed housing for the aging population with a shopping center that provides the much needed basic goods and services for the community. Residents will enjoy bay window views of courtyard, Oakland’s downtown or the Bay. They can also participate in indoor activities and access social services in the large common room, crafts room and social service offices in the lobby. The construction will be a concrete podium with light-gauge steel framing. The green building (Green-point Rated) features solar powered common areas and hot water heating, energy efficiency of over 15% above California Title 24 standards, low-VOC interior paints and interior flooring, water-saving toilets and landscaping will be installed. The lower floors will also be designated non-smoking.
Jack London Gateway
Jack London Gateway, previously known as the Acorn Shopping Center, provides 53,000 square feet of retail space to West Oakland. The project is a joint venture with West Oakland Marketplace Advancement Co. and Portfolio Properties, Inc. The partners have filled the previous vacancies and completed façade improvements.
