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MULTIFAMILY NEWS
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Hines Begins Work on Oakland Res Project

3/02/17

Hines has started construction on MacArthur Commons, a new multifamily development located in Oakland's Temescal district. The development represents Hines' first for-rent residential project in the Oakland area.

The multifamily project will consist of three separate residential buildings, totaling 468.6k sf. The 385 units will be comprised of seven loft units, 59 studios, 241 one-bedroom apartments and 78 two-bedroom apartments.

Designed by Ankrom Moisan Architects, MacArthur Commons will feature a fitness center, a clubroom, an outdoor pool and spa, a dog run, bike repair station and a pedestrian plaza - termed "The Mews" - between the buildings. The development will also include approximately 20k sf of ground-floor retail space.

MacArthur Commons is directly adjacent to the MacArthur BART station, the largest BART stop in the Bay Area. This allows residents unparalleled access to regional hubs, such as Oakland, San Francisco, Berkeley and Emeryville. The project is also in immediate proximity to major Bay Area thoroughfares, including Interstate 80 (Bay Bridge) and Interstate 580. Additionally, residents will be supported by a host of corporate shuttles and bus services to nearby amenities.

General Contractor Build Group expects occupancy of the first units in October 2018, with final completion in March 2019.

In January 2011, Hines formed its Multifamily Division, with a focus to expand the firm's multifamily development activity throughout the U.S. by working with Hines' domestic regions on for-rent residential programs. Currently, the Multifamily Division has more than 10,900 units in projects in various stages of development. In addition to the Oakland area, the company has other multifamily projects that are located in several U.S. cities including: Atlanta, Boston, Chicago, Denver, Houston, Miami, Minneapolis, Phoenix, San Francisco and Toronto.





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