(Photo credit: Signature Development / BAR Architects)
The San Francisco Business Times reported this week that Oakland's massive Brooklyn Basin development on the estuary is set to start construction on it's first building this year, after almost a year of site clean-up and preparation.
This first building will consist of 241 rental units and will break ground later this year, with completion by late in 2018. This first building will consist of 7 stories and will be next to a new park, something that many Jack London Square residents have wanted for years.
For those of you not familiar with Brooklyn Basin, it is the largest development in Oakland in years, projected to cost $1.5 billion. It will include some of the first high-rise residential tours constructed in the city since 2008. Located just south of Jack London Square, the Brooklyn Basin site was primarily industrial and this project will dramatically change that portion of the Oakland waterfront.
MATT VANCE, Realtor
East Bay Modern Real Estate
510.604.8000 | Matt@EastBayModern.com