Long dismissed as a pipe dream, a plan to redevelop the stadiums that house Oakland, Calif.’s three professional sports teams and 800 surrounding acres could become the largest transit-oriented development in California, with two major investors agreeing to take the lead making the plan a reality.
Colony Capital LLC and Dubai financer Rashid Al Malik have formed Bay Investment Group LLC to take the lead in realizing the plan, which currently calls for building 6,000 new residential units and 14 million square feet of commercial, retail and office space. Source: bizjournals.com
