One Lake Merritt

SF Bay AreA

California Hotel
Mixed-use, Residential
and Commercial
Jack London Gateway Senior
Housing and Shopping Center

Residential and commercial
Lillie Mae Jones Plaza
Preservation Park
Swan’s Marketplace
Mixed-use, Retail, Office

Client/Partner History

• City governments
• Housing Authorities
• Private equity fund with triple bottom line
• For-profit, market-rate real estate developers
• State housing finance agencies
• Redevelopment agencies
• State highway authority

Jeremy Liu- Managing Partner
Jeremy is an experienced mixed-use real estate developer and chief executive with a unique background in urban and community planning, creative placemaking and technology programs.  He has overseen a 110+ staff and a budget of $10 million in annual revenue with more than $150 million in assets. Under his leadership, projects as large as $130 million and 350,000 square feet have been designed, permitted and built. He also designed and raised initial capital for the first real estate investment fund to be screened for positive social determinants of health impacts. 


One Lake Merritt ( is a $150 million dollar development which includes the renovation of the historic Oakland Auditorium into a state-of-the-art convention, event and arts center, along with the addition of a 4-star, arts-integrated hotel. Based on sound economics and long-term sustainability, 1LM embraces community benefits as the primary goal, delivering equitable and inclusive economic stimulation, jobs, an incredible hospitality experience and a world-class cultural arts facility. 


Karoleen Feng- VP, Business Development
Over the last decade, Karoleen has built over a dozen multi-million dollar real estate transactions totaling $200M, primarily in Oakland and Los Angeles. They include residential-senior, family, special needs rental housing and homeownership, as well as commercial- mixed use, retail, office and shopping centes.  Her passion for affirming equitable, accessible and safe neighborhoods stemmed from her childhood in Singapore.


The Metropolitan
Housing, Retail, Office,
Parking, Park
One Greenway
Housing, Retail, Office,
Parking, Park



City Center, DC
Housing, Retail, Office, Hotel
The Residences
Multifamily, Retail
The Heights, DC
Multifamily, Retail
Multifamily, Retail


• New Markets tax credits
• Historic Tax Credits
• Tax-exempt bonds
• Low-income housing tax credits
(state and federal)
• Real Estate Investment Trusts
• Private equity and debt
• Inclusionary and linkage programs
for housing and jobs
• Affordable housing trust funds

Jason Vargas- VP, Finance and Investment
Jason has engineered transactions totaling over $800M which include office, housing, retail and mixed-use development and investment projects in Washington, DC, Maryland and the Bay Area in over 15 years of real estate, acquisition and investment management.  Additionally, Mr. Vargas has structured investments with New Market, Low Income and Historic Tax Credits.

Randolph Belle- VP, Community and Government Affairs
In over 20 years as an artist, entrepreneur, and project manager, Randolph has launched numerous commercial and civic endeavors, encouraging responsible community development and capitalizing on the vast wealth of arts activity in the Bay Area.  With expertise  in design, communications and public affairs, Randolph has participated in the facilitation of large-scale community benefit campaigns and real estate developments in Oakland and San Francisco.