Pacific Development and joint venture partner PGIM Real Estate have delivered the first building in the larger Alameda Marina Master Plan. Located on Oakland Estuary, Launch offers 368 residential units – one of the first to be delivered in Alameda over the past 50 years. Sean Murphy, Partner at Pacific Development commented that this development will provide increased access to waterfront amenities with unparalleled views of Alameda Marina, Oakland and San Francisco skylines along with a chance for residents to become part of historic Alameda Island community within a modern setting.
As part of larger master plan, Launch brings half total planned residential units to coastline while full build-out is estimated at 1.2 million square feet mixed-use development including up 760 new residential units and 104 deed-restricted affordable housing units. This project provides an opportunity for CRE newsmakers like LaTerra Development Managing Director Chris Tourtellotte as well as top dealmakers, owners investors lenders etc., who can come together May 3rd at Hotel Indigo during Connect LA event .
