Thursday, December 4, 2008

Major Downtown Condo Project Stalled

By Chris Thompson
Thu, Dec 4, 2008 at 9:04 AM

Take a gander at the Trib's photo of City Walk, the block-long condo project a block away from City Hall. The building is wrapped in white plastic, and it's likely to stay that way, since the condo's developer has run out of money. The Olson Company's project first stalled out when its contractor went bankrupt in 2007, and now that the financial markets have melted down, there's no credit left to finish the building. Looks like Oakland gets to look at a spooky ghost in the heart of the city for the next few years.

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