Hines has reportedly halted plans for the 39-story office tower at 415 20th Street in Downtown Oakland, Alameda County. The proposal would have become the tallest structure in the Bay Area outside of San Francisco, but the struggling real estate market has pushed the prominent developer away. Now, the site is being offered as a future home for a new BART Police Headquarters.
415 20th Street, via Google Street View
The decision to stop pursuing 415 20th Street in Oakland comes the same month that the Houston-based developer listed their approved plans for a mixed-use tower at 550 Howard Street in San Francisco for sale. The developer has also been pursuing permits for the multi-tower Atlas Block development, the 47-story Transbay Block 4 tower, and a mixed-use project in Redwood City. The Atlas Block includes 50 Main Street, which is poised to become the second tall tower in San Francisco, with an eye-catching design by Foster + Partners.
The 1.03-acre parcel is less than a block from the 19th Street Oakland BART station and three blocks from the city’s centerpiece park, Lake Merritt. On the same block, Behring Company has topped out their 39-story apartment tower at 1900 Broadway.
415 20th Street podium, rendering from Hines
Hines’ proposal was to rise 622 feet tall with nearly 900,000 square feet for offices, retail, and a 262-car garage. Pickard Chilton was the design architect, with Kendall Heaton Associates as the architect of record. OJB Landscape Architecture oversaw the planning for the open decks and streetscape.
The site contains a four-story office structure with 82,900 square feet, surface parking, and a single-story accessory structure. The offices are occupied by the Oakland Scientific facility, which gives laboratory space for Lawrence Berkeley Laboratory. City records list the Regents of the University of California as the former property owner.
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The only skyscrapers that make sense in this economy is residential mixed-use towers near rapid transit. People will still pay a pretty penny for walkability and ease of getting around. That’s probably why transbay/east cut developments are continuing to be pursued.
They should just turn this residential and keep plowing ahead.
To think of all the work that went into this…
Nice design. A lot easier to build residential instead of converting commercial.
Very sad. Bidenomics is beginning to have tangible effects.
Gosh
Add to that the local government and their anti business policies.
This site has a legacy of unbuilt towers.
Anyone remember Encinal Tower from 2006ish? Another East Bay tallest building proposal, 50+ stories, mixed use. The recently topped out 39-story residential tower was built on the Broadway side of the Encinal Tower site.
Shocker
That is too bad, to me it looked like an interesting design.
Did someone really just blame this on Joe Biden? LOL. Jezus.Ja
No one would finance a large new office building with all the vacancies that exist in Oakland and San Francisco. This kind of development needs to wait many years for the office market cycle to turn.