The first residential building at the MacArthur Station transit-oriented development in Oakland, Calif., has been completed.
BRIDGE Housing celebrated the ribbon-cutting of the 90-unit Mural development that serves residents with annual incomes of up to 50% of the area median income (approximately $46,000 for a family of four). Monthly rents for studios, one-, two- and three-bedroom apartments range from approximately $460 to $1,134, depending on factors such as income, household and apartment size.
The $43.8 million project sits near a major Bay Area Rapid Transit (BART) train station. The development is the second phase of a master-planned development that will provide 675 new homes (20% affordable) on a 7.76 acre site. The overall development will include construction of five buildings for high-density, multifamily housing, with a new 478-space parking garage for BART patrons and guests. In addition, 42,500 square feet of local commercial and retail space will be constructed, along with 5,000 square feet of space for community use.
Amenities include a large community room and kitchen, laundry facilities, two landscaped courtyards and a tot lot. Mural is named after the iconic geometric murals within the MacArthur BART station as well as Oakland's rich tradition of mural art. The building itself features a lobby mural of reclaimed wood created by local artist Martin Webb.
“Mural represents years of planning and partnership to bring affordable, transit-accessible homes to Oaklanders,” said Mayor Libby Schaaf. “When MacArthur Station was first envisioned, no one imagined just how badly Oakland would need a development of this type. This first round of housing is coming online just in time to give immediate support to residents in need and provide a model for how we can replicate successful efforts like this across our city.”
Financing for the Mural was provided by the city of Oakland, the Oakland Housing Authority, the California Department of Housing and Community Development, Union Bank, U.S. Bank, the California Tax Credit Allocation Committee, the California Debt Limit Allocation Committee, and the California Municipal Finance Authority. BART is the land owner and public partner. The architect is Van Meter Williams Pollack, and the general contractor is James E. Roberts-Obayashi Corp.