Oakland Projects and Business Development (San Francisco, Berkeley: clothing, engineer, comparison)

[jsba]

If everything that has active building permits filed starts construction there will be at least 6 more cranes going up in downtown. That's just my count of the building going over 15 stories, there are several mid rise projects with permits active as well.

[the happy guy]

Update:

• Demolition notice posted for 277 27th: 18 stories, 437 units

Building Permits filed for:

• 2016 telegraph: 24 stories, 223 units
• 1431 Jefferson: 18 stories, 276 hotel rooms

Originally Posted by the happy guy

Below are the high-rise developments that have recently filed for building permits:

• 1900 Broadway: 37 stories, 433 units
• 277 27th: 18 stories, 437 units
• 2044 Franklin: 30 Stories, 179 units
• 2270 Broadway: 24 stories, 223 units
• 2305 Broadway: 21 stories, 130 units

[jsba]

So what retail do you think will be going into the retail spaces in the Valdez planning area. I'm hoping for some major brands. I know its not everybody's thing but Oakland could certainly use some major retailers downtown. The google search types like Gap or Nike, or H&M, things that pop up on the map when people search for shopping. There is a lot of potential up there and the frontages are quite large. Fingers crossed.

[the happy guy]

Update-High-rise Development:

Building permits filed for:

• 1750 Broadway: 37 stories, 307 units
• 2016 telegraph: 24 stories, 223 units
• 1431 Jefferson: 18 stories, 276 hotel rooms
• 1900 Broadway: 37 stories, 433 units
• 2044 Franklin: Returning to Design Review. To be downsized from 30 stories with 179 units to 22 stories with 357 units.
• 2270 Broadway: 24 stories, 223 units
• 2305 Broadway: 21 stories, 130 units

Under Construction:

• 277 27th: 18 stories, 437 units
• 1100 Clay (288u, 16 stories)
• 1314 Franklin St (635u, 40 stories)
• 1640 Broadway (254u, 33 stories)
• 1700 Webster (206u, 23 stories)
• 601 City Center (600k-sf office, 24 stories)
• 1721 Webster (250u, 25 stories)
• 1100 Broadway (300k-sf office, 18 stories)
• Boston Properties tower (402u, 25 stories)

[the happy guy]

Originally Posted by jsba

So what retail do you think will be going into the retail spaces in the Valdez planning area. I'm hoping for some major brands. I know its not everybody's thing but Oakland could certainly use some major retailers downtown. The google search types like Gap or Nike, or H&M, things that pop up on the map when people search for shopping. There is a lot of potential up there and the frontages are quite large. Fingers crossed.

2450 Valdez has leased over 10,000sqft (of 23,000sqft) of retail space thus far, to a restaurant, and to Modern Times Beer. That is sizable frontage
https://www.lockehouse.com/listings/2450-valdez/

[the happy guy]

Oak Knoll development has started construction in the Oakland Hills

• 918 homes
• 80,000sqft of retail
• 84 acres of public parks and trails

Master developer breaks ground on Oak Knoll, a new neighborhood of more than 900 homes in the Oakland Hills

Spoiler

A massive housing development in the Oakland will break ground after more than a decade of planning.

Master developer SunCal will start construction on Oak Knoll, 918-home community on the 183-acre site of a former naval hospital. The development will also include 80,000 square feet of retail uses in a village center and 84 acres of public parks, open space and trails.

The first homes in Oak Knoll will take a couple of years to hit the market. SunCal plans to build out the “pads” that it will sell to homebuilders in a year or two.

“A master development of this size can take 10 or more years to build out,” said Joe Aguirre, a SunCal spokesperson.

Oak Knoll, designed by Hart Howerton, includes a mix of for-sale townhomes and single-family homes.

The site, at Mountain Boulevard and Keller Avenue, is the second-largest single active development in Oakland after the 3,100-unit Brooklyn Basin project from Signature Development.

Getting to a groundbreaking proved to be a complicated journey for SunCal. Development plans for Oak Knoll date back to 2005, when Irvine-based SunCal first bought the site for $100.5 million with the now-defunct investment bank Lehman Brothers.

The developer came up with a design for 960 homes before the Great Recession hit in 2008 and Lehman declared bankruptcy. SunCal lost control of the site after the bankruptcy. At one point, a holding company for former Lehman-owned properties brought on Signature Development to revive the project.

“It’s a great place to put housing. It’s a beautiful area," Mike Ghielmetti, head of Oakland-based Signature Development, told the Business Times in 2013. "We’re obviously underserved with housing in the Bay Area. With the right land plan, it will be fantastic.”

SunCal then re-entered the picture and reacquired the site in 2014. After revising the design, the developer secured city approvals in November finally allowing them to move forward.

The developer faced some blowback from labor unions that wanted SunCal to guarantee the homes in Oak Knoll would be built by union workers. SunCal agreed to consider union labor for the site preparation, but homebuilders will decide later if they will use union labor or not.

[the happy guy]

BART picks developer for huge housing and office development at Lake Merritt in Oakland

• two high rise towers
• 519 homes
• 517,000sqft of commercial space

Spoiler

Bay Area Regional Transit officials selected a development team to revamp three city blocks above the Lake Merritt BART Station in Oakland.

The agency picked Strada Investment Group and the East Bay Asian Local Development Corp. to develop 1.4 acres into two high-rise towers with 519 homes and 517,000 square feet of commercial space.

EBALDC is one of Oakland’s top nonprofit housing developers with 27 communities in the city. San Francisco-based Strada has owned multiple office buildings in downtown Oakland and has developed multiple projects in various Bay Area cities.

The winning team beat out proposals from global real estate investor Hines, Menlo Park-based Lane Partners and a partnership of Oakland-based McGrath Properties Inc. and Canadian investor Brookfield Residential. Lane Partners came in second, according to a BART staff report.
The BART board will formally vote to select the Strada/EBALDC Team at its meeting Thursday and start a two-year exclusive negotiating agreement to finalize the project. If the two sides fail to negotiate a project in that time frame, BART could then give Lane Partners a shot without having to do another selection process.

BART has wanted to development its land above the Lake Merritt Station for years. The goal is to boost BART ridership and attract more residents, businesses and pedestrians to a relatively quiet stretch of Oakland nestled between the city’s core downtown and the lake.

While BART controls dozens of underutilized properties near its stations, the agency is known for taking a long time — sometimes a decade or two — to move projects forward.

The agency originally put out a request for proposals back in 2011 and later selected TRG Pacific Development, a subsidiary of the Richman Group, in 2012. The developer dropped out of the project within a couple of months.

At the same time, the city was working on a specific plan to establish development guidelines for the area around Lake Merritt. That plan, finalized in 2014, upzoned parts of the Lake Merritt Station project up to 275 feet high and calls for about 4,900 new homes along with 1.23 million square feet of new office space near the station.

BART sent out another call to developers in March for two parcels that consist of a surface parking lot between Oak and Fallon streets and the Metro Center office building at 101 8th St.

The agency received eight bids and selected four to submit detailed proposals that would include new office and residential as well as new station plaza and station entrance. It reviewed each of the four finalists based on financial capability, community engagement, quality of the team and mix of uses proposed.

The Strada/EBALDC team stood out because it offered the highest level of affordable units at 44 percent set aside for low-income residents, the best community benefits package and the highest financial return on a ground lease with BART.

The developers are relying on receiving a high level of government subsidies to fund the affordable housing, which may mean it takes longer to complete the project, but BART is comfortable taking that risk, the staff report states.

[jade408]

So many cranes in Oakland right now!

[04kL4nD]

Cranetown. It’s nuts. I’ve said it before, and I’ll say it again:

I always knew Oakland’s secret would get out, and I knew it’s untapped energy and potential would come to fruition. I just never thought it would happen so fast, all at once. Blows my mind...

[drewjube]

This is a fantastic thread! Thanks for researching and keeping us up to date.