project brief

Keystone Development Group is the Development Manager for the Mandela Station transit-oriented masterplan and mixed-use development located on BART property at the West Oakland BART Station. The proposed project includes 522 market rate residential units, 240 affordable residential units, 300,000 square feet life science office, and 53,000 square feet retail. Keystone sought and successfully secured grant financing from five governmental agencies for environmental remediation and infrastructure related improvements totaling $30 million and is negotiating acquisition and loan financing totaling $77 million from another four governmental agencies for the construction of the affordable housing development. The proposed masterplan and residential projects received their entitlement and environmental approvals, and the first phase of construction is scheduled for 2024