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wheel media Blog San Francisco Bay area Edition San Francisco Bay area Edition

Oak to Ninth Gets Giant $1.5 Billion Investment from China

Zarsion Holdings Group Co. Ltd has just contributed a 1.5 billion dollar investment to the Signature Development Group’s Brooklyn Basin Project, Oak to Ninth.

The project will take 8-15 years to finish and, thanks to the recent contribution from Zarison, is set to begin in 2014.

The development will encompass 64 acres of Oakland’s waterfront and will include commercial space of 200,000 sq. ft., 3,100 housing units, and 30 acres of parks.

After the infrastructure and environmental remediation complete in 2014, the first structures will begin construction in 2015.

Source: SF Biz Journal

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