Several public transit agencies in the Bay Area have announced promotions for September, offering reduced or free fares. The adjusted prices are being provided by BART, Caltrain, AC Transit, VTA, and County Connection. Discounts vary from 50% reductions to free fares to promote the systems, thank existing commuters, and court new riders into the wonderful world of buses and trains.
Development permits have been approved for a five-story residential building with affordable housing at 685 9th Street, to be located in Downtown Oakland. Construction would add 117 units to the East Bay housing market, of which 35 would be priced as affordable. Levy Design Partners is managing the design concepts, and construction and Riaz Capital is the owner.
The tallest residential tower in Downtown Oakland has passed the 50-percent leased milestone. Atlas is a recently-opened 40-story mixed-use tower with 633 rental units rising at 385 14th Street in the heart of the city, just a block from the 12th Street BART station. Carmel Partners is the developer with Greystar managing leasing.
Since SFYIMBY’s last site visit in late January, facade installation has topped out with interior work underway on 277 27th Street in Northgate-Waverly, just north of downtown Oakland. Referred to as 24th and Harrison, the apartment building will bring 405 apartments and 65,000 square feet of ground-level retail. Holland Partner Group is responsible for the development.
The Oakland City Council voted to approve a financial term sheet for Howard Terminal, a mixed-use development with housing, offices, and a new baseball stadium proposed by the Oakland A’s with an estimated $12 billion price tag. However, A’s president David Kaval has repeatedly signaled that yesterday’s approval could spell the end of the team’s future in Oakland because the term sheet approved is not what the team wanted. While Mayor Libby Schaaf is hopeful about the project’s future, Kaval was noncommittal about if the team would continue to negotiate. As it stands, the development is proceeding on thin ice.