A recent article by Matthew Artz, of bayareanewsgroup, reports some new potential for the continuing growth around the increasingly popular Jack London Square neighborhood. Â
Carmel Partners, a developer from San Francisco is in contract to buy two parcels which were previouly occupied by warehousing, and include a full block where Cost Plus, Inc. has its headquarters. Â The promise of this negotiation is the building of a 300 unit mid-rise market rate apartment complex, right in the heart of some of this steadily growing commercial and residential area in Oakland. Â
The building housing the Cost Plus, Inc. headquarters will need to be demolished to move the project ahead, and before that can proceed, this demolishing must undergo an enviornmental review process, since the building is on the National Register of Historic Places, and within the Oakland Waterfront Warehouse District. Â
Merchants, community members and business members and the city will all need to work together to hammer out an ideal mix of mutually beneficial results, and the plans are underway to achieve this. Â
If these goals are achieved, this will add just one more attraction to the vital growth around the waterfront. Combined with the truly dynamic BROOKLYN BASIN project nearby, the city will have a promising new pathway to economic growth. Â
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Posted by Bruce Wagg on
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