Current Projects

Creative Development Partners is committed to the vision proposed below for One Lake Merritt.  We are currently in pre-development on a similar project in San Jose. Stay tuned.

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OUR EXPERIENCE - FINANCING

  • New Markets tax credits

  • Historic Tax Credits

  • Tax-exempt bonds

  • HOME

  • Low-income housing tax credits (state and federal)

  • Real Estate Investment Trusts

  • Private equity and debt

  • CDBG

  • Inclusionary and linkage programs for housing and jobs

  • Affordable housing trust funds​​

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

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Our experience - Development

Boston area / SF-Bay area / Greater DC area

B

BOSTON AREA

The Metropolitan
$89M
Housing, Retail, Office,
Parking, Park


One Greenway
$130M
Housing, Retail, Office,
Parking, Park

SF

SF BAY AREA

California Hotel
$39M
Mixed-use, Residential
and Commercial


Jack London Gateway Senior
Housing and Shopping Center

$27M


Residential and commercial
Lillie Mae Jones Plaza

$4.5M


Residential
Preservation Park

$7.4M
Office

Swan’s Marketplace
$16M
Mixed-use, Retail, Office

DC

GREATER DC AREA

City Center, DC
$700M
Housing, Retail, Office, Hotel
The Residences

 

$28M
Multifamily, Retail


The Heights, DC
$26M
Multifamily, Retail


The VUE, DC
$30M
Multifamily, Retail

Past proposals​

ONE LAKE MERRITT BLVD.  Henry J. Kaiser Convention Center Revitalization and Signature Art Museum Hotel Development

www.1LMoakland.com

Concept

Concept  One Lake Merritt Blvd. creates one of the biggest opportunities for Oakland- ever.  The redevelopment and rejuvenation of the historic Henry J. Kaiser Convention Center, and “rebirth” as the Oakland Auditorium, will be combined with a new art museum hotel, multiplying the assets of our neighboring and partnering institutions, the Oakland Museum of California and Laney College.  An innovative workforce development program will provide training and  career-track employment for hundreds of Oakland residents in the project’s Hospitality, Creative Arts and Building Facilities Maintenance operations.

 

On the shores of the best urban lake in America, One Lake Merritt Blvd. will serve as the lynchpin for the redevelopment and increased economic vitality of the surrounding neighborhood and generate tremendous economic impact for the City of Oakland.

 

This project sets a new standard for the arts and hospitality in Oakland and the Bay Area. Our proximity to the Museum and Laney College, along with unbeatable transportation access, creates a campus-like setting for the broadest range of events, activities and user groups. With One Lake Merritt, the current primacy of Oakland as a global arts destination is fused with its deep past as a cultural mecca, through the rebirth of the historic Oakland Auditorium, where all the greats played- James Brown, Elvis Presley, The Grateful Dead and so many more.  The new Oakland Auditorium will host concerts, conferences and trade shows, cultural, community and sporting events, with direct access to the art museum hotel, which will be the finest in Oakland.  The lifestyle brand hotel will provide an arts-integrated environment and comfortable lodging experience for travelers, making it the only place you’d want to stay in Oakland.

#1

Project Features

  • 280 upper-market hotel rooms

  • 100,000 square feet of concert, conference and event space

  • Signature restaurant and bar

  • Publicly accessible art and exhibition space

  • Sustainable development

  • Baked-in community benefits including an integrated workforce development program and the creation of a new cultural arts district

Site Features

  •  Stunning views of Lake Merritt, Oakland Museum gardens, the Estuary, Oakland and San Francisco skylines

  • Accessible to mass transit, major airports, convention and tourist destinations  in San Francisco and the region

  • Adjacent to the planned Lake Merritt BART Station Transit Oriented Development, Oakland Unified School District development site and high-rise residential tower development site.

  • Close to arts, cultural and dining activities

#2

#3

Financing

  • This project anticipates a blend of the following sources of finance:

  • •    Tax exempt and taxable bonds

  • •    Historic and New Market Tax Credits

  • •    Private equity, social venture and additional funding sources

Market

  • Oakland, home to Fortune 500 companies and tech innovators, has recently been ranked as a top destination for tourism and doing business.  The development of One Lake Merritt Blvd. coincides with the return of Oakland’s downtown economy, the strong need for new hotel rooms, and the renaissance of Oakland’s art, food, tourism and technology communities. •    2.75 million visitors to Oakland per year •    9.2% increase in average daily rate from 2011-2012 •    Demand for hotel rooms grew by 6 percent over last year - the highest in California

#4

#5

Project Timeline

  • Unfortunately, in 2015, the City of Oakland awarded the site to another developer, and to this day, the selected developer has not made any progress towards redeveloping the property. Creative Development Partners is currently in pre-development on a similar project in San Jose.