By Jon Peterson
The City of Alameda, Alameda Point Partners and the Water Emergency Transportation Authority are set for a groundbreaking celebration on the new Seaplane Lagoon Ferry Terminal at Alameda Point, which is set to take place on September 12th.
This new ferry terminal should be ready to be operational by spring of next year, and it will partly serve the Alameda Point project. At full buildout, this 68-acre master plan development will have 800 residential units, up to 600,000 square feet of commercial space, 15 acres of parks and public open space as well as new transportation facilities, including the new ferry terminal.
There are several funding sources that are involved with the new terminal. The Alameda County Transportation Commission had granted $8.2 million for the construction of this project. The Water Emergency Transportation Authority (WETA) has also made a $2 million investment into the project. Additional funding has been provided by the City of Alameda and Alameda Point Partners, which is a joint venture between Trammell Crow Residential, the multifamily development company of Dallas-based Crow Holdings, Los Angeles-based developer Cypress Equity Investments and srmERNST Development Partners based in of San Francisco.
“The groundbreaking of Seaplane Lagoon Ferry Terminal is an important investment in The Point, which improves regional access to Alameda, expands Bay Area public transit options and drives investment in the Base revitalization. The goal at The Point is to reduce dependency on the automobile and provide Alameda’s residents, businesses and visitors a greater range of alternative transportation choices such as public transit, biking and walking,” said Stephanie Hill, vice president of development of TCR’s Northern California division and a member of APP in a prepared statement.
WETA has seen some growth of new high-speed ferries created over the past three years in the San Francisco Bay Area. “San Francisco Bay Ferry has brought four new high-speed ferries with a combined 1,600 seats to our East Bay Services since 2017. That shows our deep commitment to helping Alamedans cross the Bay quickly and comfortably. We’re glad to be bale to work with the City of Alameda and its partners to continue to improve ferry service,” said Nina Rannells, WETA’s executive director in a prepared statement.
Alameda Point Partners has completed demolition of the entire 30-acre Phase I site at the Point and is more than 50 percent complete with construction of the infrastructure. This includes water, sewer, electrical and gas lines, a street grid with bike and transit lanes, eight acres of original parks and the site for the ferry terminal.