TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
Two Bay Area redevelopment projects have secured additional funding from the state's Catalyst Projects for California Sustainable Strategies Pilot Program.
The projects include TMG Partners' Emeryville Marketplace, a redevelopment of an existing retail and office complex in Emeryville, and San Francisco's Mission Bay, a massive redevelopment of 303 acres of industrial land into housing, office and biotech space, that will each receive $1.35 million for being designated gold level projects.
The Catalyst program designates projects that involve transforming a neighborhood into walkable, transit-oriented communities. The pilot program selected 13 projects statewide, including Emeryville Marketplace, Mission Bay, and Anderson Pacific's Bayfront Transit Village in Hercules as the only Bay Area projects in the group.
"These Catalyst Projects are great examples of how to build sustainable, economically vibrant communities," said Lynn Jacobs, director of the California Department of Housing and Community Development, the agency that handles the Catalyst program. "This pilot program will provide valuable insights to allow the State and regions to implement best practices and strategies. Walkable communities, improved air quality, reduced emissions, less time spent in a car and a strong economy can all become reality through sustainable development."
The program received a total of $9.3 million from Prop. 1C, the state's $2.35 billion fund for in-fill and transit oriented projects, and divvied up that money among 10 of the projects which were designated as gold or silver level. The Hercules project made the bronze level and did not receive funding.
Emeryville Marketplace will include up to 1 million square feet of office, housing and retail space to be built over the next 25 years.
TMG expects to break ground in 2011 on a 190-unit, five-story apartment building at the corner of 64th Street and Christie Avenue. The building has received a $5 million remediation grant from the California Pollution Control Finance Authority and $5.35 million from the City of Emeryville Housing Set Aside Assistance.