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OAKLAND (AP) — A team of East Bay developers has been selected for a $500 million, 60-acre deal to transform an industrial neighborhood into a thriving waterfront district and a possible future home for the Oakland Athletics. 

The Port of Oakland announced Tuesday that it had picked the Oakland Harbor Partners, led by Concord-based Reynolds & Brown and Pleasanton-based Signature Properties, as the master developer for its Oak to Ninth Street project. 

In its proposal, Oakland Harbor Partners drew emphasis on a residential village with both rental and for-sale housing. 

Past projects for Signature Properties include Ruby Hill, a gated, exclusive Pleasanton neighborhood.  

Reynolds and Brown developed Pleasanton Park and Marina Square in San Leandro and the Concord Airport Plaza, among others. 

With the exception of Commissioner Frank Kiang, who abstained, the port’s board of commissioners unanimously approved the selection Tuesday. 

The port will now enter a 60-day period of negotiations over details and terms of the project with Oakland Harbor Partners. Construction is not expected to begin until 2004 or 2005.