Legacy Partners, a privately owned national real estate firm, announced today the grand opening of Baxter on Broadway, a five-story, 130-unit boutique apartment community in the Temescal neighborhood of Oakland. Baxter on Broadway, located at 4901 Broadway, features a mix of studio, one-, and two-bedroom apartments, as well as rare three-bedroom townhomes with attached garages.
The residential community, developed in a joint venture between SRM Development and USAA, is being professionally managed by Legacy Partners.
“Baxter on Broadway is a perfect combination of community and location,” said Jonathan Figone, District Property Manager at Legacy Partners. “The property is well-appointed with exclusive amenities such as a rooftop with a club room and BBQ pit, a bocce ball court, vegetable garden, dog run and pet grooming station, and a low emission vehicle charging station in the secure parking garage. Each apartment comes fully equipped with the latest appliances and designer-approved finishes, and many of the residences feature private balconies. Leasing began just a few weeks ago, and we’re already getting immense interest from prospective renters who currently live and work in all corners of the Bay Area.”
Baxter on Broadway is across the street from a Safeway and diverse retail offerings at the new Shops at the Ridge, and it is within walking distance to Claremont Country Club, Blue Bottle Coffee, Fentons Creamery, and California College of the Arts. Along with easy access to highways 13, 24, 580, and 980, Baxter on Broadway is less than a mile from both the MacArthur and Rockridge BART stations.
About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops and manages multifamily communities throughout the United States. Legacy has regional offices in California, Colorado, Florida, Texas, and Washington and have developed more than 60,000 apartment homes in Arizona, California, Colorado, Nevada, Oregon, Texas and Washington. Since inception, Legacy has worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently returning exceptional results.
Legacy provides management services for its own portfolio, as well as other owners. Combined, Legacy manages a portfolio of over 60 multifamily communities with more than 14,000 apartment homes, and with a gross value in excess of $2 billion.
About SRM Development, LLC
SRM Development, LLC is a privately-owned real estate developer and general contractor specializing in senior housing, multifamily and mixed-use projects. SRM has developed and constructed projects worth almost $2 billion, including 4,500 units of senior and multifamily constructed or in process and a half million square feet of commercial space, located throughout the western United States.
About USAA Real Estate
USAA Real Estate, with more than $21 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hospitality properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922.