Excerpt:

A $500 million project that calls for transforming 68 acres of waterfront property at Alameda Point with 800 homes and 600,000 square feet of commercial space won unanimous approval from the City Council on Tuesday.

The mixed-use project at the former U.S. Navy base will also feature 15 acres of parks, as well as possibly a new ferry terminal. It is expected to generate 2,570 construction jobs and 1,472 permanent jobs.

The homes will be a mix of flats, condominiums and townhouses. Each will be within a five-minute walk of the ferry terminal and within a two-minute walk of shops and shuttles that will offer service to downtown Oakland and BART, according to Alameda Point Partners, the developer team.