03 Jul, 2018

Coliseum Transit Village, now called “Coliseum Connections” is a $56 million, 110-unit multifamily residential project located on an existing 1.3 acre BART owned parking lot adjacent to the Coliseum BART station IN Oakland CA. The project is a joint venture of UrbanCore Development, LLC and the Oakland Economic Development Corporation (OEDC), and is being developed on long-term ground lease with BART.

The City of Oakland and BART have been the primary sponsors of this project under the leadership of Council Member Larry Reid and BART Director Robert Raburn. UrbanCore has secured a $29 million construction loan commitment from Chase Bank, $12 million from the City of Oakland, $1.25 million in subordinate debt from Commonwealth Multi-Family Housing Corp., $10 million from the State AHSC program, $9.7 million in tax credit equity from the Royal Bank of Canada (RBC), and the final piece – $2.5 million from the County to move the project forward. The project is one of the few truly mixed-income transactions in the State with 50% or 55 of the units that will be market rate units with rents of $1,900 – $2,400 that are affordable for households earning 80% – 120% of Area Media Income (AMI), and 55% of 55 units with affordable rents of $1,100 – $1,600 that are affordable at 50-60% of AMI. UrbanCore has also secured a HUNT Mortgage/Freddie Mac $16.4 million permanent loan for the property. The proposed project consists of a 5-story building fronting Snell Street at the corner of 71st Avenue (Building-A) accommodating 66 one and two bedroom flats, and 44 two-story townhome units on the eastern portion of the site, grouped in three separate buildings. Eighty-six (86) residential parking spaces (including 2 car share spaces) are provided in a partially below grade structure located approximately 5’ below sidewalk level. Perimeter townhouse units are setback 10 feet from 70th and 71st Street with shared entry stoops connecting to the sidewalk level. The project has been designed to include modular construction as a means of reducing the construction schedule and costs.

The project has been designed by Pyatok Architects and Prefab Logistics. The primary building entry is located at the south end of Building A at 71st & Snell. A community cafe space for residents and public use is located at sidewalk level adjacent to the entry. A Community room for resident use is provided at the podium level, immediately adjacent to the residential lobby. Open space for the Residential units is provided at the podium level in a combination of private patios and shared outdoor areas. The project includes development of a 25-foot wide pedestrian mews bordering the east edge of the project. This landscaped mews will link 71st and 70th Street, providing neighbors with a direct walking and biking path to the Coliseum Station.

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, cement 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 will 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.

The project construction will be completed in January 2019 when occupancy will also begin.

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