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500 Kirkham Street phase three tower, rendering by BDE Architecture and SiteLab Urban Studio

Lender Takes Site of 32-Story Proposal in West Oakland

Lenders have taken over property ownership of 500 Kirkham Street in West Oakland, Alameda County. Back in 2019, the city approved plans by Panoramic Interests for a mixed-use complex with 1,032 units plus retail across a 32-story tower and two mid-rises. However, the developer struggled to get financing for the project during the pandemic and defaulted on its $6.25 million loan for the city earlier this year.

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