While waylaid by the pandemic, Oakland’s Planning Department is aiming to update and adopt its comprehensive plan to transform Downtown Oakland by the end of this year.
As envisioned, the Downtown Oakland Specific Plan (DOSP) would allow for the development of up to 20 million square feet of new commercial space and over 29,000 new residential units over the next two decades, including up to 7,250 units of housing which could be offered at below market (affordable) rates, centered around BART and its connectors.
At its core, a new Incentive Program would allow for the development of parcels beyond their current mass, height and capacity limits, in exchange for providing, or possibly funding, additional community benefits, “such as affordable housing or commercial space with reduced rent for non-profits, arts organizations, local businesses at risk of displacement, and homeless services.”
And in response to Oakland’s “ongoing extreme housing needs,” which have been exacerbated by the pandemic, the City is now aiming to concurrently, rather than sequentially, develop “a focused strategy” to fund and fast track the development of housing which will be enabled by the DSOP.
We’ll keep you posted and plugged-in.