Rendering of the proposed transit-oriented development above the Lake Merritt Station.Photo – Bay Area Rapid Transit
Bay Area Rapid Transit's board (BART) has authorized agency staff to enter an exclusive negotiating agreement with a local joint venture to create a transit-oriented development (TOD) above the Lake Merritt Station in Oakland, California.
The joint venture comprises the East Bay Asian Local Development Corp. and Strada Investment Group. The team's plan calls for four new buildings on BART-owned lots above the station, BART officials said in a press release.
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