BART Board Awards Lake Merritt Transit-Oriented Development Exclusive Negotiating Agreement to Joint Venture of EBALDC and Strada Investment Group
On September 13, the BART Board approved staff's recommendation to select the developer team comprised of the East Bay Asian Local Development Corporation (EBALDC) and Strada Investment Group, to advance transit-oriented development at the Lake Merritt station.
The plan proposed by the EBALDC/Strada joint venture calls for four new buildings on BART-owned lots above the station. The proposal features 519 units of housing, 44% of which would be affordable, and 517,000 square feet of commercial space for offices and shops.
Now that BART staff has the green light to enter into negotiations, the next two years are expected to be focused on project refinement and community engagement. It’s too early to determine when the project might be finished and what it might cost – those important details are expected to be worked out during the negotiations.
The project is aligned with the Lake Merritt Specific Plan and BART’s Strategic Plan, which states, “In partnership with the communities BART serves, we will promote transit ridership and enhance the quality of life by encouraging and supporting transit-oriented development within walking distance of BART stations.”
BART is seeking a developer or developer team to complete a mixed-use, mixed-income high rise development on two BART owned parcels adjacent to the Lake Merritt BART Station.
On May 25, 2018 BART invited four teams to respond to the Request for Proposals (RFP), from the eight teams that originally submitted a statement of qualifications in spring 2018. These teams are led by:
- East Bay Asian Local Development Corporation / Strada Investment Group
- Hines Interest Limited Partnership
- Lane Partners
- McGrath Properties, Inc. / Brookfield Residential
The teams submitted proposals August 5. An evaluation committee comprised of BART staff, City staff, and community and regional stakeholders reviewed the proposals, interviewed the four teams, and selected a first and second ranked choice based on criteria published in the RFP. BART staff recommended on September 13 that the Board authorize BART to execute an exclusive negotiating agreement (ENA) with the top ranked developer team.
September 2018 Board Meeting Materials
Materials from the recent BART Board meeting can be accessed via the following links:
Developer Solicitation Documents
Download the Lake Merritt TOD Request for Proposals (PDF <1 MB)
Download the Lake Merritt TOD Request for Qualifications (PDF - 1.5 MB)
The properties offered are depicted in the image below. BART is also designing a new plaza and transit operations facility on the plaza block immediately above the Lake Merritt station. More information on this project can be found at www.bart.gov/LakeMerritt.
Prior to releasing the RFQ, BART hosted three stakeholder meetings to inform and refine the goals and objectives for the project, which are guided by existing documents including BART TOD policies and guidelines and the Lake Merritt Station Area Specific Plan. Information on the meetings, including stakeholer feedback is provided below.
Stakeholder Meeting #1
Presentations from the December 11th Stakeholder Committee Meeting, can be found below:
Stakeholder Meeting #2
Materials from the January 29, 2018 Stakeholder Committee Meeting can be found below:
Stakeholder Meeting #3
Materials from the Febrary 22, 2018 Stakeholder Committee Meeting can be found below:
Stakeholder Comment Letters
Sign Up for Updates
For specific inquiries regarding transit-oriented development at Lake Merritt BART Station, please email hlindel (at) bart (dot) gov or ymccoy (at) bart (dot) gov. You may also sign up for email updates from the Real Estate and Property Development Department, by registering for general BART emails and selecting "Transit-Oriented Development Projects."