Oakland Readying to Award Uptown Project to Lane Partners

By Brett Goetschius

Oakland skyline closeup w/ Lake MerrittThere are unconfirmed reports that the Oakland City Council will reject the recommendation of city staff and chose a development group for the coveted 1911 Telegraph Avenue project led by Lane Partners, developer of Uber’s new Oakland offices located just across the street. The group would build a 27-story residential tower with 312 units, 10 percent of which would be affordable; a seven-floor boutique hotel with 168 rooms; 9,365 square feet of retail space, and 307 parking spaces on the block-long site.

[contextly_sidebar id=”sTOjQ8Mjho5Fu2o133fvbYmHD19a4Wyg”]The San Francisco Business Times, quoting anonymous sources, reported that the Oakland City Council requested in closed session on Jan. 5 that staff draw up an “exclusive negotiating agreement” with the group, which includes Oakland developer Alan Dones’ SUDA, Oliver McMillan and Commune Hotels & Resorts, to build a $175 million retail, office and residential complex on the city-owned site at Telegraph Ave. and Thomas L. Berkley Way in the city’s Uptown neighborhood.

The Oakland City Council had asked to hear proposals by Dec. 1 for the 1.7-acre parcel. City officials have pushed for developers to include a hotel and affordable housing in their proposals. Eight teams ultimately submitted plans, six of which included hotels.

City staff recommended a proposal by Lowe Enterprises. Lowe offered two options for its development: One would develop 259 market-rate housing units and 28 affordable units, while the other option would include 38 affordable units built with Hayward-based affordable housing developer Eden Housing and 251 market-rate units. Lowe’s proposal also included a 115-room hotel, 16,000 square feet of retail space and 297 off-street parking spaces. The residential units and the hotel would be within a 23-story tower facing Telegraph Avenue.

City staff also suggested two alternatives to Lowe’s proposal one by BRIDGE Housing and The Robert Green Co. The proposal includes an eight-story building with 148 residential units, 60 of which would be affordable housing; a 15-story, 250-room hotel; and 236 parking spaces.

The staff also recommended the proposal by Lane Partners’ group as an alternative to the Lowe proposal. Oakland city staff did not respond to requests for comment.

West Coast Commercial Real Estate News