“Plans for a pair of residential towers to rise up to 275 feet in height at 325 Seventh Street, on the edge of Oakland’s Chinatown, were first approved by the city seven years ago [Editor’s Note: now eight], the ground for which has yet to be broken.
Two years ago, the project team was preparing to abandon the high rise in favor of a six-story building to rise across the site, the plans for which had been drawn and formally proposed but were subsequently abandoned prior to their public hearing.
And as now proposed and newly rendered for the project team by YHLA Architects below, while a tower would still rise up to 275 feet in height upon the site, the height of what was to be the second tower, fronting 7th Street, will be reduced from 207 to 125 feet, the amount of ground floor retail space will be reduced from 9,100 to 6,500 square feet, and the number of off-street parking spaces in the project’s garage will be reduced from 399 to 265.
But as designed, the number of residential units, which are now slated to be rentals versus condos, would remain at 380 with a 5 percent reduction in overall square footage.
And while currently slated to expire [in September of 2018], having already been extended five times, the project team is now seeking another extension of their entitlements to start developing the site through September of 2019. We’ll continue to keep you posted and plugged-in.”
The design change was approved by Oakland’s Design Review Committee this past October, after which the requested extension was granted.
And with the sixth extension slated to expire on October 24, 2019, and the ground yet to be broken, much less permitted, Balco Properties is now seeking a seventh extension of their entitlements for the development through October of 2021, an extension which is slated to be approved by Oakland’s Planning Commission tomorrow evening but with staff’s recommendation that the extension be limited to a “one-year” term, “to ensure that the site does not remain underutilized for an excessive amount of time.”