Oakland is Expediting New 265-Unit Auto Row Mixed-Use Project

2315 Valdez Street-2330 Webster Street Oakland real estate The Registry

By Robert Carlsen

Joining a growing list of new mixed-use development projects planned to entice Oakland’s growing population into its aging Auto Row neighborhood, developer Thompson Dorfman Partners of Mill Valley is partnering with investors on a 265-unit residential-and-retail project in the city’s Broadway Valdez District.

[contextly_sidebar id=”mve9I88q5Ugo0TMOj2wxP6steBtBKLJb”]The district’s specific plan to add more apartments and retail, which has already cleared the path for Lakeshore Partners’ 2270 Broadway and City View’s 3093 Broadway mixed-use projects, is providing Environmental Impact Report clearance as well as other city approvals to expedite the process.

This new project, which the city is calling 2315 Valdez Street-2330 Webster Street, is planned for a construction start in spring 2016 with completion set for fall 2018.

According to the California Environmental Quality Act analysis, the project’s 1.42-acre site currently consists of two parcels in the block bounded by Webster Street to the west, 23rd Street to the south, Valdez Street to the east and 24th Street to the north. The new mixed-use structure will be up to 75 feet in height and offer 428,000 square feet with seven above-ground levels and one basement level.

The project will include approximately 18,000 square feet of ground-floor commercial space along Valdez Street and up to 259,000 square feet of residential uses (up to 265 residential units). Parking will feature 151,000 square feet of space in the podium structure, consisting of one basement level and two podium levels, with up to 350 parking spaces and 164 bicycle spaces. The City of Oakland may purchase up to 242 of the spaces and operate a parking garage.

Along Webster Street, the ground floor will consist of the residential lobby, retail space and garage entrance. Floors three through seven include the apartment units, including 56 studio units, 141 one-bedroom units and 68 two-bedroom units. Approximately 15 percent of the housing units would be below market-rate units, affordable to very-low and moderate-income households, although the number of affordable units and range of affordability have yet to be determined.

The project would provide the required open space through 17,625 square feet of common space in two courtyards on the third floor, which may include a pool and deck, outdoor food preparation area and multiuse artificial turf.

Currently, the site is being used as a surface parking lot with approximately 200 spaces. There are no structures on the site, nor landscape or trees. It is approximately 0.7 miles from Interstate 580 to the north, 0.4 miles to Interstate 980 to the west and 0.4 miles from the 19th Street BART station.

Oakland’s KTGY Group is the project architect.

Photo courtesy of KTGY Group

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