Development permits have been approved for a residential project at 2400 Filbert Street in McClymonds, West Oakland. The proposal will replace a low-density commercial structure with 87 new apartments, including affordable units, for the Oakland housing market. TNP Real Estate Investments is responsible for the plan.
The four-story project will yield 140,250 square feet, of which 91,270 square feet are rentable. Of the 87 units, ten will be live-work units, and twelve will be affordable housing. The rest are to be priced at the market rate. The average unit size is 1,049 square feet, with 1,155 square feet of unit decks across the site. 26,710 square feet of on-site built area is dedicated to parking.
The property last sold for a reported $4.6 million. Martin Pham of TNP Real Estate Investments has shared with SFYIMBY, “we are hopefully to break the ground early next year in 2022.” The whole job is expected to take 18 months from that point to completion.
Levy Design Partners is the project architect. The facade will be clad with ribbed metal panels, wood panels, and cement plaster. The contemporary aesthetic will be surrounded by street trees, courtyard landscaping, and exterior lighting.
2400 Filbert Street will rise across from the recently complete 126-unit townhouse development by City Ventures at 2210 Filbert and 2310 Myrtle Street.