330 Unit Jack London Development Breaks Ground

image courtesy of KTGY

The project known as 4th Street East in Jack London Square has broken ground. This is the first residential mixed use project in the Jack London Square area in years and is by far the biggest. The project will consist of 330 residential units, situated directly above retail space. The seven story building will include 240 housing units, of which 66 will be loft style units. The second building will consist of another 90 residences. The existing building is currently owned by Cost Plus will be demolished to make way for one of the buildings and the second building will be built on a parcel of land currently utilized for parking. Due to the onset of construction a portion of 3rd Street has already been closed off to traffic. As part of the project, the builder has promised to improve the intersection between Sixth and Jackson to improve the traffic congestion.

The project will bring some much needed housing to Oakland and will surely continue the flouring popularity of the Jack London Square neighborhood. The City will benefit with an estimated $13 million in tax revenue and about 623 jobs will be created. Carmel Partners is the developer and the Oakland firm KTGY will be the architect. I personally will be eagerly keeping an eye on the progress since our office is located only a few blocks away in The Bond building. Stay tuned for future updates.... Read more about this KTGY.com.

Ary Assadi East Bay Modern 510-833-9691

Ary@EastBayMetro.com