OAKLAND — Hundreds of homes could substitute a sixty-calendar year-outdated warehouse in West Oakland on a web page which is all around the corner from a chaotic BART station, programs on file with city officers demonstrate.
The likely advancement could deliver about 420 household models to a assets at 1357 5th St. in Oakland, in accordance to the incredibly preliminary proposal.
The flats in the challenge would all be current market-level units, states the proposal filed by real estate advancement business The Martin Group.
“The proposed job consists of demolition of an present single-tale business developing and area parking,” the proposal by the Martin Group states. “The around 4-acre web site would be redeveloped with 420 rental dwelling units.”
The residence is located at the corner of 5th Road and Mandela Parkway in the Acorn Industrial district of West Oakland, the setting up documents show.
The present website options a very long and thin warehouse that totals 19,500 square feet, information and facts posted in the LoopNet business property databases demonstrates.
A large surface area parking great deal is adjacent to the setting up, which was built in 1960, in accordance to information and facts from Google Maps and LoopNet.
West Oakland Development Team owns the assets at existing, documents on file with the Alameda County Assessor’s Office show. West Oakland Development is not involved in creating the project.
Bay Region true estate buyers Keith Kim and Jabari Herbert are principal executives in West Oakland Enhancement Team. West Oakland Development experienced previously proposed a 572-device residential advanced at 500 Kirkham St., a internet site which is about a block or two absent. But development has still to materialize at the site, which is now approved for additional than 1,000 models.
Kim was 1 of the principal house owners of a constructing at 2551 San Pablo Ave. in Oakland that was scorched by a deadly hearth that killed 4 folks.
The proposed progress at 1357 5th St. in Oakland is also slated to incorporate an adjacent parking composition with 720 areas.
Inhabitants would also have obtain to an array of capabilities, the West Oakland proposal displays.
“The job would include things like a variety of residential amenities and open up areas,” the proposal from The Martin Team states. An amenity making proposed for the undertaking would full around 5,500 sq. toes.
West Oakland Development Team has awarded an solution to offer the 1357 5th St. web page, paperwork filed on Aug. 2 with the Alameda County Recorder’s Place of work show. The prospective consumer is an affiliate with ties to Bay Progress Group and The Martin Team.