The Oakland Planning Commission is scheduled to review the two project plans for 1431 Franklin Street in Downtown Oakland, Alameda County. The property, less than half an acre, could produce nearly half a million square feet of office space or 381 new homes. For now, Tidewater Capital is pursuing entitlements for both versions, each with a different design.
Samuel Merritt University has secured a $139 million bond for constructing their proposed ten-story central campus at 525 12th Street in Downtown Oakland, Alameda County. Along with the bond, SMU is investing $120 million. The over quarter billion dollar investment keeps SMU on schedule for groundbreaking later this year, having received approval in November. Strada is the project developer.
oWow has officially broken ground on what will become the tallest timber building on the West Coast. The developer held a ceremony yesterday afternoon at 1510 Webster Street in Downtown Oakland, with members of the project team, the community, and city officials in attendance. The project will rise 19 floors with over two hundred homes. Speaking with YIMBY, oWow President Andrew Ball shared the company’s ambitious timeline for completion in 16 months.
The City of Oakland and Strada Investment Group are closing on a deal for leasing 520 11th Street in Downtown Oakland, Alameda County. The 0.86-acre property is entitled to become the future ten-story addition to Samuel Merritt University. The project was approved this summer.
The CIM Group has submitted pre-application documents for a new 46-story residential tower at 325 22nd Street, named Town Tower, in Downtown Oakland. If built today, the project would be the tallest addition to the Alameda County skyline, rising 487 feet tall, well above the current 404-foot Ordway Building. The new plans are a shift away from 2017-era plans by CIM for an office tower at the same location.
