Newly Completed Ferry Terminal with 18-Minute Commute to Downtown San Francisco and Newly Constructed High-Design Apartments Launches What Will be the Bay Area’s Next Hot Transit-Oriented Community
(Alameda, CA – March 31, 2021) – Alameda Point Waterfront District and AERO Apartments, its first rental community, is launching the newest and what is being referred to as the most exciting $1 billion transit-oriented residential and retail district in the Bay Area.
Located on 30-acres of what was a former Naval Air Station on Alameda’s scenic waterfront, AERO Apartments ushers in the first Class “A,” high-design, new construction multifamily residential project built in Alameda in the past two decades. The Alameda Point Waterfront District and AERO residents will also be able to avail themselves of the newly completed, in-district Seaplane Lagoon Ferry Terminal, which is a short walk from AERO and offers a nonstop 18-minute direct commute to downtown San Francisco.
Being developed in a joint venture between Cypress Equity Investments and Equity Residential, AERO Apartments’ construction is on track for move-ins to begin in Q2, 2021.
According to Michael Sorochinsky, Founder and CEO of Cypress Equity Investments, “This incredible location offered a singular opportunity to create a lifestyle option in the Bay Area that has all of the advantages of being in San Francisco, but in a waterfront location with expansive views, larger square footages, extensive on-site and neighborhood amenities, and at a more competitive price point. The views are incredible; the growing cultural, culinary and distillery tasting / winery options abound; and the newly completed Ferry terminal within the Alameda Point Waterfront District makes it truly the most exciting new community to be introduced to the Bay Area in the past decade.”
While construction on the master-planned community’s infrastructure was underway, the nearby warehouses and hangars of the former naval base became a magnet for the area’s tech and making companies, as well as leading craft brewers, wineries, and distilleries, earning the area the name of Spirits Alley. The adaptive reuse of these historic structures mixes seamlessly with the waterfront architecture of the new residential communities in a blend of old and new.
Located at 2000 Ardent Way on Alameda Island, AERO Apartments offers 200 pet-friendly apartment homes across studio, 1-bed, and 2-bedroom layouts. Constructed of the finest materials and to the highest of sustainability standards, AERO Apartments is registered for LEED Gold certification.
AERO Apartments within the Alameda Point Waterfront District now provides an enviable lifestyle option for Bay Area professionals.
Other developments included in the first phase of the Alameda Point Waterfront District include two under construction for-sale condominium developments from Trumark Homes: Leeward and Crest.
About Cypress Equity Investments
Cypress Equity Investments is a 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 primary focus on multifamily. Today, Cypress Equity continues to execute Class “A” multifamily development and acquisition strategies in top-tier urban markets throughout the United States.
About Equity Residential
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 304 properties consisting of 77,889 apartment units, located in San Francisco, Boston, New York, Washington, D.C., Seattle, Southern California and Denver.