ener chiu 
Member since Dec 18, 2017


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Re: “Tuesday’s Briefing: San Leandro Cop Charged With Statutory Rape; 333-Unit Housing Project in Downtown Oakland Gets Financial Boost

hello mr. ferrell, to answer your question, the original proposal for 416 small aparmtents, overwhelminingly studio and 1BR units, with some 2 BRs and just a few 3BRs. A community coalition group negotiated with the buyer because of a concern around gentrification, and agreed to purchase part of the site off them. The market rate group therefore got a lower risk 333 unit market rate development of small units, and a local nonprofit (EBALDC) will be building approximately 60 larger units (primarily 2 and 3 BR units). There was a fight, there were other community benefits that were agreed to by the market rate developer (including space for community uses in the ground floor commercial space, and contributions to Lincoln Park across the street which serves everyone in the neighborhood), and everyone is moving forward. If you have other questions that you're curious about, consider the seller who walked away with a cool $25M from the transaction after underutilizing the property for decades. Perhaps you might ask why the property was sold and developed earlier, or why they allowed school uses onto the site before checking if the structure and land were safe for kids to be around for 9 hours a day.

Posted by ener chiu on 12/18/2017 at 2:00 PM

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