Transit-oriented, mixed-income housing that was developed one block from a BART station as the first phase of a redevelopment plan for a key stretch of downtown Oakland.
Property Size
- 665 rental apartments
- 9,000 square feet of retail space
Highlights
- Located one block west of the 19th Street/Oakland underground-rail transit station operated by the San Francisco Bay Area Rapid Transit District.
- Consists of three mid-rise residential buildings with street-level retail space located on a five-acre site that includes a 25,000-square-foot public park built by the development venture.
- A key component of former Oakland Mayor Jerry Brown’s 10K Downtown Housing initiative, the project was a public/private partnership with the City of Oakland.
- The site is subject to a long-term ground lease from the Redevelopment Agency of the City of Oakland.
- Construction was financed through proceeds from the sale of tax-exempt bonds; 25% of the apartments are designated for low- and moderate-income residents.
