By Jacob Bourne
A triangular-shaped lot, well over two acres in size could become a large residential and retail complex not far from Lake Merritt in Oakland. Bounded by 27th, 24th and Valdez Streets, the area is currently home to the Oakland Acura dealership, DAM Sport Fitness, an auto repair shop, warehouse and surface parking. The concept to build a large 18-story mixed-used building is in the preliminary stages with the California Environmental Quality Act analysis released this month. The evaluation concluded that the proposed project poses no significant environmental impacts and is exempt from further environmental review.[contextly_sidebar id=”a0W2uMyFhpPNMLaAaUfy9FJ9tKHeY4gu”]The residential aspect would include up to 448 studio to three bedroom units within 355,645 square feet climbing an L-shaped tower. Commercial spaces totaling 65,000 square feet fronting 24th and 27th streets could be a mix of office, restaurant, retail and hotel uses. Decisions regarding commercial tenants will be made by the developer later in the process but the layout can either accommodate a large retailer or be subdivided into floor plates to house smaller businesses as well. A below-grade parking garage would allow for 465 vehicle parking spots and 302 bicycle spaces. Proposed amenities include an extensive lobby area, podium courtyard, fitness center and pool within 17,333 square feet of building amenity space. There’s no designated affordable housing earmarked for this development.
The building is expected to occupy most of the city block and loom up to 200 feet. Generous outdoor open spaces at 42,688 square feet will span from ground level to roof top and include a bocce court, outdoor dining area and a 2,085 square foot sky deck. The residential tower will also feature many private outdoor spaces with large trees and shrubbery dotting the building’s perimeter and outdoor terraces.
Holland Partner Group, based in Vancouver, Washington, is the project’s developer working with BKF Engineers and HKS Architects. According to Heidi Kiehn, a Holland representative, the company is expediting the planning process over the next few weeks with key decisions expected to be made soon. “We’ve shown renderings to the City and they’ve really like what we’ve submitted so far,” said Kiehn.
“It was approved by the Design Review Committee back in May,” said Peter Vollmann, planning staff member. “Comments were given mostly about the general massing of the tower and provided some direction. It was recommended that they add some vertical massing to break down the bulk.”
Vollmann reported that the formal application has been submitted and that there will be a Planning Commission meeting on August 3 to make a decision on the application.
The project would involve demolition of current structures and parking lot to make way for the 730,655 square foot development. It’s anticipated to bring 838 new residents to the area and create up to 130 jobs through retail uses. A 30-month long construction period is expected to begin in the second half of 2017 with an estimated completion in 2020.
The area is zoned for residential and commercial and falls under the Broadway Valdez District Specific Plan adopted in 2014 to strategically bolster popular retail offerings and mixed-use development along the Broadway corridor between Grand Avenue and Interstate 580. The proposed project is less than two blocks east of Broadway and in close proximity to Whole Foods Market, several restaurants and parks. The 19th Street BART Station is less than a mile away. Situated adjacent at 2400 Valdez Street, another mixed-use residential project reaching seven-stories, has been approved by the City and will be soon underway.