Contra Costa Times
From the article:
RICHMOND -- After years of stagnation, Richmond is experiencing a construction boom, with more than a dozen commercial and residential projects in the pipeline.
The planned developments, many of them clustered along Richmond's shoreline, underscore the excitement many developers, real estate agents and city officials feel, as land around the Bay Area becomes more scarce and real estate prices soar.
The new residential projects include at least three in the tony Marina Bay neighborhood, including 250 townhouses and live-work units at 830 Marina Way and 59 single-family homes on South Marina Way, a project developers have called the "Richmond Riviera." Another is a plan to build some 250 luxury condominiums at a former Port of Richmond terminal, southwest of Point Richmond, a wealthy enclave of the city. The project will include the development of 1½ acres of city park and a portion of the Bay Trail, a multiuse path for pedestrians and cyclists.
"There is a strong interest in locating in Richmond because of its proximity to the rest of the Bay Area," said Richard Mitchell, Richmond's director of planning.