Major new ground-up mixed-use development in Oakland
OAKLAND, Calif. (January 9, 2018) – TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, announced today the submission of a pre-application to develop a full city block between Telegraph Avenue, Valley Street, West Grand Avenue, and 22nd Street in Oakland. The proposed development, at the intersection of Grand Avenue and Telegraph Avenue, calls for a 760,000-square-foot office building with approximately 10,000 square feet of ground floor retail and arts spaces. The development’s approval process is expected to run through 2018.
“2201 Valley gives us the opportunity to balance out the Bay Area’s traditional regional job centers and to further add to Oakland’s distinctive identity as the center of dynamism and diversity,” said TMG CEO Michael Covarrubias, an Oakland native. “The proposed building’s large open floors, high-ceilings, and column-free spaces – made possible by the engineering required to span the BART tunnel that runs beneath the site – form the kind of creative work space that growing companies crave. As an added benefit for tenants and the surrounding community, we plan on improving the Valley Street edge of the building so as to create a welcoming space for gatherings and events, such as First Friday events, pop-ups, and outdoor dining.”
Located only a block from the 19th Street BART Station, 2201 Valley is designed to achieve a LEED Gold designation. The building, designed by Solomon Cordwell Buenz (SCB), has proposed fanned vertical steps that embrace the structural requirements of the BART span, and resolve into a visually distinct, stepped vertical tower broken by outdoor terraces and landscaped decks. The building lobby faces towards Broadway and the HIVE along West Grand, and the 10,000 square feet of ground floor spaces include dramatic 30-foot ceiling spaces for local retailers and artists to embrace the Uptown arts and retail community.
Parking in the building minimizes space for cars by utilizing automated car stackers that can be converted to active land uses as reliance on personal automobiles diminishes with time. The project will improve the land upon which it is located by removing the existing gas station and fuel tanks, in partnership with Alameda County Environmental Health.
TMG currently owns and is renovating two other Oakland properties at 1330 and 2201 Broadway.
About TMG Partners
TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. TMG has developed more than 27.5 million square feet of property throughout the San Francisco Bay Area, including Emeryville, Marin City, Novato, Palo Alto, San Bruno, San Jose and San Francisco. One of the most active developers in this area, the company has developed a variety of office, retail, residential and industrial properties, ranging from office campus and multi-story properties in urban, infill locations to mixed-use retail and single-story suburban buildings. For detailed information, visitwww.TMGPartners.com.