On Thursday, March 13, Signature Development Group and Zarsion America will hold a groundbreaking ceremony for Brooklyn Basin, a vibrant new waterfront community now under construction on the Oakland Estuary just south of Jack London Square.
More than 12 years in the making, this world-class redevelopment will transform a neglected, 64-acre industrial area into a lively new residential neighborhood.
California Governor Jerry Brown has estimated that Brooklyn Basin will deliver 10,000 short- and long-term jobs. When completed, Brooklyn Basin will feature more than 30 acres of new city parks and publicly accessible open space. A residential mix of apartments, condominiums, lofts and townhouses will be built as part of the $1.5 billion development.
The waterfront community will encompass 200,000 square feet of retail space, the renovation of the Clinton Basin and 5th Avenue marinas, preservation of a portion of the historic Ninth Avenue Terminal and extensive wetlands restoration. It will serve as a new link in the San Francisco Bay Trail and eventually connect to Lake Merritt via bike and pedestrian pathways.
“Brooklyn Basin is a key component to the downtown and waterfront revitalization effort that’s occurring in Oakland,” said Michael Ghielmetti, President of Signature Development Group, the project’s lead developer. “We want people to relish the lifestyle that these parks, open spaces, marinas and event spaces will provide.”
He added, “Brooklyn Basin is the culmination of years of planning and community input and will revitalize this part of Oakland’s historic waterfront.”
Aug 5, 2014