Portfolio

Uptown

Oakland, California


Market: S.F. Bay Area

Type: Multifamily

Role: Development Partner

Status: Development completed in 2008

Transit-oriented development that was the first phase of a redevelopment plan for a key stretch of downtown Oakland.

Property Size

  • 665 rental apartments
  • 9,000 square feet of retail space

Local Population Density

  • 15,900 people/square mile

Highlights

  • Invested in the development project through a venture with the property’s developer, Forest City Residential West.
  • Located one block west of the 19th Street/Oakland underground-rail transit station operated by the San Francisco Bay Area Rapid Transit District.
  • Consists of three mid-rise residential buildings with street-level retail space located on a five-acre site that includes a 25,000-square-foot public park built by the development venture.
  • A key component of former Oakland Mayor Jerry Brown’s 10K Downtown Housing initiative, the project was a public/private partnership with the City of Oakland.
  • The site is subject to a long-term ground lease from the Redevelopment Agency of the City of Oakland.
  • Construction was financed through proceeds from the sale of tax-exempt bonds; 25% of the apartments are designated for low- and moderate-income residents.

Sustainability

  • Certified as a LEED-Silver residential community under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.

Awards & Honors

  • Honored as Apartment Project of the Year in 2008 by Builder and Developer.
  • Named 2005 Land Deal of the Year by the San Francisco Business Times.

Related Websites

 

Walk Score:  98     |    Transit Score:  82     |     Bike Score:  88