Big plans to redevelop the Uptown Oakland warehouse building at 537 24th Street, which is currently home to Jenkin Brothers and Acme Towing, and the adjacent undeveloped lot are in the works.
As envisioned, a five-story addition would rise up to 74 feet in height over the existing building, with 42 residential units inside. An underground garage would provide parking for half the number of units. And behind the existing façade, 24 Joint Living Working Quarters would be built.
A cross between group housing and live/work units, JLWQ units share kitchens and bathrooms. And for every foot of legal living space, two feet of work space must be provided as well. But as far as pricing, it’s likely to be (primarily) market rate.
All these east bay and oakland stories. You really need to update the masthead to read “Plug in to San Francisco and East Bay Real Estate.”
East Bay is where the action is. This is where the most meaningful transformation of real-estate value is occurring (rule one for trend spotting: follow the artists — and they all left SF…..)
And I hear they are headed to Stockton next.
And then Reno.
Artists left because they were priced out of SF. Give it a couple more years before they get priced out of Brooklyn, I mean Oakland.
Oakland is the future. The downtown area is so walkable, bike-able, flat and offers access to three BART stations. The downtown surface parking lots are quickly being transformed into dense urban housing. Oakland has that NYC walkable feeling. You can walk from Lake Merritt to Uptown, to Frank Ogawa Civic Center, to City Center, to Old Oakland, to Jack London Square. and back up to Chinatown. In three years we won’t recognize DTO and this development on the outskirts of Uptown will add to the density and vibrancy of Downtown Oakland.
Oakland is absolutely nothing like NYC. Trust me, I’ve in both cities. Oakland is Oakland. Period.
The only reason for its semi-renaissance is because people and businesses have been priced out of SF, which is also walkable, bike-able, flat (in many areas) and offers access to 4 downtown BART stations. I’m not saying this is a bad thing, but just stating the obvious.
I just left NYC and walked and took the subway everywhere. DTO and the surrounding distinct neighborhoods have a very cool walkable feel similar to NYC in a much smaller scale.
I think it’s because it’s actually warm at night lol
Oakland is the natural geographic center of the Bay Area. The fact that it has taken this long for developers and banks to realize this says a whole lot more about the biases and systemic norms in our society, than it says about Oakland. Oakland is now one of the hottest real estate markets in the United States with major developers building on downtown surface parking lots. It’s a long time coming.
“The only reason for its semi-renaissance is because people and businesses have been priced out of SF,” Downtown Oakland is seeing a “semi-renaissance” because of location, location, location… near jobs, near transportation, near recreation, etc. Area housing stock has something for everyone. The climate is only found a few other places in the world.
When you take climate, access to a huge amount of nearby parkland, transportation, central location, restaurants, zoo, airport, interesting walkable neighborhoods, varied architecture, diverse topography, access to freeways, nexus of BART system, Oakland is actually a better location than San Francisco.