MICHAELS DEVELOPMENT, LINC HOUSING BREAK GROUND ON RED STAR APARTMENTS

OAKLAND, CA – September 21, 2011 – (RealEstateRama) — Wearing hardhats and donning shovels, city and county officials today joined executives from The Michaels Development Company and LINC Housing Corporation to celebrate the coming transformation of a long-vacant lot on the city’s west side into a new mixed-used, transit-oriented affordable housing community. Red Star Apartments, which will offer affordable one- and two-bedroom apartment homes to income-eligible seniors, is being built on the former site of the Red Star yeast factory and is expected to generate hundreds of high quality jobs for local residents and businesses.