Clock Is Ticking for a Bankrupt West Oakland Redevelopment Site
November 14, 2016
Plans to level the West Oakland warehouse at the corner of Filbert and 24th Streets and develop 55 townhouses, with a courtyard open space for the new condos and five small commercial spaces fronting 24th Street, were approved by the city back in 2005.
But the 2400 Filbert Street site has fallen into the hands of a bankruptcy trustee. The project’s approvals are slated to expire on December 31, 2016. And a Hail Mary offering of the entitled 1.4-acre ‘Emerald Parc‘ site, which is across the street from a 126-unit project by City Ventures slated to break ground next spring, is now being circulated by Cushman & Wakefield.
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Then let’s see some affordable housing built there. We really need it.
Mix it up, then we might get the affordable part at a lower cost to the City of Oakland.
Meanwhile the w/h is fully occupied, soldiering on as a contribution to the community, or it’s an abandoned eyesore, or it’s…????
Hard to know who – or what – to root for w/o knowing what the alternatives are.
how do we know the city ventures site is slated to break ground in the spring? speaking of which, you guys should do a post on how Station House is selling…largest project in Oakland, nearing completion. I think the sales have been decently strong.
City Ventures on W Grand broke ground weeks ago.
UPDATE: Bankrupt West Oakland Project Site in Play