San Francisco Business Times
From the article:
Infrastructure work has begun on Oakland's largest active real estate project, the $1.5 billion Brooklyn Basin development that will transform the city's southern waterfront into 3,100 housing units and 200,000 square feet of retail.
The project officially broke ground in March 2014, with environmental remediation as the first step in the build-out.
Signature Development Group and its Chinese financial partner Zarsion Holdings have begun building sewage, water and electric systems. They are creating new streets and turning Oakland's Embarcadero into a landscaped parkway. The project will include solar-powered lights and a reclaimed water distribution system.
But groundbreaking of the first phase of the project's residential portion, originally slated for this summer, has been delayed by a year until the second quarter of 2016. The first building of roughly 300 units will break ground by the second quarter of 2016. Occupancy is scheduled by the end of 2017.
"I was a bit optimistic last year. That said, the remediation took a little longer and the city of Oakland review of the engineering took a little longer," said Mike Ghielmetti, president of Signature Development Group about the delay in starting work on the first residential units.