New foundation permits have been filed for the proposed residential tower at 2015 Telegraph Avenue in Downtown Oakland. Now named X Oakland, the building will rise 18 stories to add 114 new homes a block away from the 19th Street Oakland BART Station. The property is now being developed by X Company, a Chicago-based co-working real estate developer.
The X Company has not replied to a request for comment by SFYIMBY as of the time of publication. According to the firm’s website, X Company manages an 813-bed co-living complex in downtown Denver, a tower nearly open in Phoenix, and four more projects under development. In sum, The X Company will have 5,000 beds across the country at the cost of over a billion dollars.
2015 Telegraph Avenue roof deck, rendering courtesy the X Company
Once complete, the residential tower will be courting high-wage renters with a variety of on-site amenities. This will include a rooftop deck with a pool, lounging area, and food and dining space. The property will also include a fitness center, workspaces, and a member club.
2015 Telegraph Avenue workspace, image via The X Company
The following is an excerpt from the X Company Website: “X offers its members professional-quality workspace to rival any coworking space and support the growing work from home segment; a state-of-the-art gym and fitness studio designed around class-based fitness activation, and attainable apartments including private residences and coliving suites.”
2015 Telegraph Avenue, image via Google Satellite
The tower has been stalled since 2020, while construction on its 24-story companion tower, 2016 Telegraph Avenue, persisted. 2016 Telegraph Avenue is now nearly complete. Construction will replace a single-story commercial structure and surface pavement just one block away from the 19th Street BART Station, one of many under-developed blocks nearby mass public transportation in the city.
Construction is expected to start next year, with completion by the Winter of 2024.
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Another wig store bits the dust!😂
*bites
Why do all workspaces for 23 year olds have to look like their family home basement….where is Florence Knoll when we need her most?! (I guess untucked spaces for untucked wardrobes….)I personally find all the junky finishes like faux brick partial walls and 1960s like supergraphics and mishmatched furniture a distraction to well produced work…..like run-on sentences!