Oakland, CA – Oakland elected officials lead by Oakland Mayor Libby Schaaf joined with developers and transit agency partners today to celebrate the completion of the innovative, $57 million, 110-unit Coliseum Connections residential project.
From Coliseum Transit Village To Coliseum Connections Oakland
Coliseum Transit Village, as it was originally called, now Coliseum Connections transit-oriented development provides homes to 110 families, including 55 units designated as affordable for those making 50% to 60% of Average Median Income (AMI).
Adjacent to the Coliseum BART Station, Coliseum Connections is a joint venture of UrbanCore Development and the Oakland Economic Development Corporation (OEDC), in partnership with Pacific Housing, Inc. The project sits on a 1.3-acre site secured through a long-term ground lease with BART. While project planning took 17 years, the construction phase was a short 17 months thanks to the use of modular construction techniques.
“Coliseum Connections represents a bold new model that addresses Oakland’s pressing need for affordable housing,” said Oakland Mayor Libby Schaaf. “By creatively leveraging public funds from the state, county and city to attract private investment, the developers created desperately-needed housing in a new mixed-income community that also directly connects to public transportation.”
Coliseum Connections Financing
To finance Coliseum Connections, UrbanCore & OEDC used public sector funding from the State ($10 million from the State’s Affordable Housing and Sustainable Communities Program) , County ($2.5 million) and City ($12 million) to leverage private investment dollars, including a $29 million construction loan commitment from Chase Bank, $1.25 million in subordinate debt from Commonwealth Multi-Family Housing Corp., $9.7 million in tax credit equity from the Royal Bank of Canada (RBC), and a $16.5 million permanent loan from HUNT/Freddie Mac. The public-sector funding enabled the large number of affordable units, far exceeding the percentage typically found in privately financed projects.
The project is one of the few truly mixed-income residential projects in the State with 50% of the units designated market rate with rents of $2,200 to $2,700 that are affordable for households earning 80% to 120% of AMI, and the other 55 units with rents of $1,100 – $1,570 that are affordable for families earning 50% to 60% of AMI. The units are co-mingled creating one community of mixed-income levels.
Coliseum Connections Meets BART’s Vision For Coliseum Station Neighborhood
“This project shows tremendous progress towards our vision to see a complete community rise up at the steps of our Coliseum Station,” said BART Director Robert Raburn. “I applaud Oakland Economic Development Corporation’s and UrbanCore’s tenacity over the years to overcome obstacles and make this development a reality.”
The project is truly unique in that the developers, together with architects Pyatok Architects and Prefab Logistics, and general contractor Cahill Contractors constructed the building using modular technology to speed construction and reduce costs. The fabricator for the modular units was Guerdon Modular Builders from Idaho. The developers estimate that the use of modular units shortened the construction schedule by five months, and saved about $4 million in construction costs.
Coliseum Connections Vision Of Michael Johnson, Oakland Vice Mayor Larry Reid
“I have enjoyed forging the various partnerships to create Coliseum Connections,” says Oakland Vice Mayor Larry Reid. “Seventeen years ago, members of this community came together to form OEDC which partnered in 2012 with UrbanCore, led by Michael Johnson, to create one of the best-defined, transit-oriented development projects in Council District 7. Working families will benefit from exceptional access to regional transit options and affordable housing to improve the quality of their lives. I want to thank our State and County financial partners, my BART colleagues and the members of OEDC who have made this vision a reality.”
The project consists of a five-story building (Building A) fronting Snell Street at the corner of 71st Avenue accommodating 66 one- and two-bedroom flats. The 44 two-story townhome units are on the eastern portion of the site grouped in three separate buildings. A partially below-grade structure provides 86 residential parking spaces, including three electric car spaces. Perimeter townhouse units are setback 10 feet from 70th and 71st streets with shared entry stoops connecting to the sidewalk level.
A community cafe space for residents is located at sidewalk level adjacent to the primary building entry at the south end of Building A. A community room for residents’ use is just off the lobby and open space for the residential units is provided at the podium level in a combination of private patios and shared outdoor areas.
Developer Michael Johnson stated “We wanted to create a model for new multi-family housing by combining modular housing construction to reduce cost in order to achieve a mix of 50% affordable with 50% workforce units, however we could not have achieved this without a substantial commitment of public funding and staff resources. Furthermore, our initial leasing of the workforce-market rate units is demonstrating that East Oakland is ready for more institutional investment in housing.”
Coliseum Connections Honors Oakland’s Ralph Grant
The project also included development of a 25-foot wide pedestrian mews bordering the east edge of the project. The landscaped mews, which is being dedicated by the City in the name of the late Ralph Grant of Grant & Smith, CPAs – an early sponsor of OEDC’s effort to undertake the project, 71st links and 70th streets, providing neighbors with a direct walking and biking path to the Coliseum BART Station. Bio-swales located at the pedestrian mews and along the frontages of 70th, 71st and Snell provide management of storm-water runoff.
Residents at Coliseum Connections have exceptional access to BART’s rail system, numerous AC Transit bus routes, Amtrak’s Capitol Corridor Line and the Oakland Airport Connector, all complemented by recent streetscape improvements.
The building exterior is contemporary in character, with a strong “billboard” element facing the BART line, and sheltering the lower scale “village” of two-story townhomes. Exterior materials include a mix of flat-troweled cement plaster, hardi-board siding and metal panels, and self-recessed windows. The base at the primary building entry on 71st is clad in vertical wood siding between tall storefront glazing. The color choices reinforce the eclectic neighborhood and cultural context. The result is a high-quality building that underscores the importance of this pioneering investment at the Coliseum BART Station area.
LET ZENNIE62MEDIA TELL YOUR STORY
Let ZENNIE62MEDIA Tell The Story About You The Media Refuses To Produce. Visit our site and hire Zennie62Media.
Oakland News Now Related Posts
Oakland News Now Recent Posts
- Biden Press Secretary Jen Psaki Statement On Restart of Colonial Pipeline And Continued Federal Government Efforts To Mitigate Impacts
- The Oakland A’s Never “Rooted In Oakland” – Las Vegas Mayor Says Relocation Talk 2 Years Old
- Oakland Athletics In RelocationTalks for 2 Years According To LV Review Journal – by Richard Haick
- City Of Oakland Eviction Moratorium Not Impacted By Federal Ruling
- RaceTrac Fayetteville Ga Gas Pumps Out Of Gas Except Diesel Due To Cyberattack
- 2021 NFL Schedule Revealed On NFL Network’s Schedule Release 21 Show
- NFL Gives Nine Social Justice Programs $2.5 Million
- SF Bay Area Bicycle Is Back With Bike Oakland: Bancroft And International
- Rockets Kill 2 Israelis, Airstrikes Kill 28 In Gaza | MSNBC
- Crocker Highlands Mid-Century, Oakland, CA, 94610
- Violent Israeli-Palestinian Unrest Kills At Least 33 | The 11th Hour
- MLB tells Oakland A’s to start exploring other cities
- Team Coverage: Major League Baseball Greenlights Oakland A’s To Consider Relocating
- Talk’s Las Vegas Athletics For Oakland A’s Relocation But Portland Has 50K Signatures For MLB Ballpark
- Rep Liz Chaney Speech On House Floor On Eve Of Vote To Oust Her From House GOP Leadership
- Las Vegas Raiders New Number Changers For 2021 Season. By Joseph Armendariz
- May 11, 2021
- Livestream: Blame To Go Around In Oakland A’s Relocation Threat? Start With Oakland Athletics
- MLB Ask Oakland Athletics To Threaten Relocation – Oakland City Council’s Progressive Wing Steps In
- Live: Dr. Fauci Testifies At Senate Hearing On Covid-19 Response | NBC News