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 921 rental apartments and townhouses. Through our support of Home Place Initiatives, we have sponsored development of over 97 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 230,000 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
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.
Seven Directions Now Renting
EBALDC is working with the Native American Health Center to assist in the development of their new 20,000 square foot health facility and to develop 36 affordable apartments for families.
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.
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.
