project brief

Keystone Development Group was tasked with the role of Development Director during Phase I of the MacArthur Transit Village transit-oriented development. The project is a Public Private Partnership between BART, The City of Oakland and MacArthur Transit Community Partners (a private developer affiliated with BRIDGE Housing). Keystone’s scope of work included the successful negotiation of land acquisition, entitlements, financing and construction of the 480-stall BART parking garage and associated retail space, as well as replacement and construction of new roads and utilities that serve the full master plan. The acquisition and infrastructure funding sources included five Federal grants (over $3 million), three State grants (over $37 million), and one local Redevelopment Agency/TIF grant (over $17 million). The project consists of five phases of development and upon completion, the project will include 877 new housing units, a 480-space parking garage, 42,500 square feet of local commercial and retail space and 5,000 square feet of community space.