Alameda Point Waterfront District’s Aero Apartments Now 65% Leased

Alameda Point Waterfront District, Seaplane Lagoon, Cypress Equity Investments, AERO Apartments, Alameda
Courtesy of Cypress Equity Investments

Transit-Oriented Community Cites 20-Minute Direct Ferry Commute to San Francisco as a Big Draw for Residents. Ferry Ridership from New Seaplane Lagoon Terminal Up 60%

(Alameda, CA – December 07, 2021) – AERO Apartments, the first new, for-lease, transit-oriented residential community in Alameda in two decades, is 65% leased three months after celebrating its September grand opening, announced Michael Sorochinsky, Cypress Equity Investments’ (CEI) Founder and CEO. The tremendous success of AERO Apartments at Alameda Point Waterfront District highlights the growing need for additional quality housing in the area. AERO’s leasing team cites new Seaplane Lagoon Ferry service as a growing draw for new residents.

Courtesy of Cypress Equity Investments

“AERO’s high-design and pivotal waterfront location, combined with easy walkable access to the Seaplane Lagoon Ferry Terminal and its 20-minute direct service to San Francisco, is clearly resonating with our residents,” offered Sorochinsky. The Water Emergency Transportation Authority (WETA), which provides San Francisco Bay Ferry service, confirmed as much, citing that average daily ridership on its Alameda Seaplane route connecting Downtown San Francisco to Seaplane Lagoon, just steps from AERO Apartments, has increased 60% since its July 2021 launch.

“The symbiotic relationship between easily accessible transportation and high-quality housing is becoming increasingly important in today’s economic and eco-conscious environment. At CEI, we are committed to the highest levels of sustainability and have built and registered AERO for LEED Gold status, the U.S. Green Building Council’s rating system to certify how efficiently a development is designed, built, and operated,” concluded Sorochinsky.

Courtesy of Cypress Equity Investments

Located at 2000 Ardent Way in the heart of the Alameda Point Waterfront District, AERO Apartments offers 200 pet-friendly apartments across studio, 1-bed, and 2-bedroom floor plans, and features high design interiors on par with the finest in Bay Area. Resident amenities include a lushly landscaped interior courtyard with BBQ’s and lounge areas; a rooftop Clubroom and sky deck; a clubroom and business center; a fitness center with top-of-the-line cardio and strength equipment, secured bicycle parking, a dog run and dog spa, plus an innovative arcade room with iconic full-size console games.

About Cypress Equity Investments

Cypress Equity Investments is a national real estate investment company comprised of professionals who have been executing real estate investment strategies for the past three decades. Since its inception in 2001, CEI has been executing ground-up and value-add real estate projects in all asset classes, with a primary focus on multifamily, in top-tier markets across the United States.

West Coast Commercial Real Estate News