A Fully Entitled Urban Infill Development Opportunity
A Fully Entitled Urban Infill Development Opportunity 914 West Grand Avenue
Building Highlights: • 142-Unit Mixed Use Development Opportunity • 5 Stories of Residential Over 1 Story of At-Grade Residence Parking, Lobby, and ___ SF Neighborhood Serving Corner Retail/Cafe • Landscaped Courtyard, Rooftop Garden with Stunning Views • 1 Mile from 19th Street/Uptown Oakland BART Station • Walking Distance to Major Employers
Gregory Hunter Director [email protected] +1 510 891 5810 Lic #01958872
Cushman & Wakefield 555 12th Street, Suite 1400 Oakland, CA 94607 p +1 510 465 8000 f +1 510 465 1350 cushmanwakefield.com
10
New Parkway Theater
15
Pandora
11
The Uptown District
9
Starlight Donuts
Paramount Theatre
13
The New Parish
18
Oakland Unified School District
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23
300 KirkhamST ST Street
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25
301 19th Street
26
2270 Broadway
33
West Oakland BART
27
2315 Valdez Street
34
Casual Carpool 5TH A to San Francisco
28
2538 Telegraph
EM BARC ADE RO
VE
Welcome to the Neighborhood “There are lush trees and gardens, generally impeccable
weather and a community feeling that isn’t always there in the rush of San Francisco. I love being able to take any East Bay-bound BART line and knowing that it will stop at my station. Having a backyard and a free laundry machine is paradise after schlepping my clothing down the street in Brooklyn.”
- Roland Li, San Francisco Business Journal
“Oakland is attracting residents for
its relative affordability, vibrant cultural scene, diverse population and urban environment within commuting distance to San Francisco. Companies such as Uber Technologies Inc. are moving in -- helping to fuel a 43 percent jump in office rents in two years -- while big investors including Blackstone Group LP and Boston Properties Inc. are putting money into residential projects in the city.”
- Alison Vekshin, Bloomberg
Market Statistics
Market Overview • In the ten year period beginning with Q3 2006, the North Alameda sub-market has experienced the greatest introduction of new inventory (3,952 units/47.6%) of all new market rate rentals • During the past four quarters, positive movement in asking rent was recorded in all 8 Oakland-East Bay metro sub-markets • 754 units will be introduced to the market by the end of the year, and a net total absorption will be positive 688 units
The Economy • Oakland-East Bay is now at full employment (4.8% unemployment) • Jobs and people moving across the Bay looking for more affordable jobs and housing • The Oakland-East Bay market can accommodate more people and jobs for at least 3 more years - 31,000 (1.1%) population rise through 2020 - 27,680 (2.5%) employment rise in this year › 25,240 (2.2%) in 2017 › 19,650 (1.7%) in 2018 › 6,230 (0.5%) by 2020
Building Highlights: • 142-Unit Mixed Use Development Opportunity • 5 Stories of Residential Over 1 Story of At-Grade Residence Parking, Lobby, and ___ SF Neighborhood Serving Corner Retail/Cafe • Landscaped Courtyard, Rooftop Garden with Stunning Views • 1 Mile from 19th Street/Uptown Oakland BART Station • Walking Distance to Major Employers
Gregory Hunter Director [email protected] +1 510 891 5810 Lic #01958872
Cushman & Wakefield 555 12th Street, Suite 1400 Oakland, CA 94607 p +1 510 465 8000 f +1 510 465 1350 cushmanwakefield.com
10
New Parkway Theater
15
Pandora
11
The Uptown District
9
Starlight Donuts
Paramount Theatre
13
The New Parish
18
Oakland Unified School District
RI C
BR OA
WEBST ER ST EZ VAL D
ST
VE RN O N
N
ISO
RR
ST
HA
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NS
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PERALTA PARK
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T
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LO
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T
KS
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LANEY COLLEGE
12th Street/City. 8T 4T Center BART H S
FA L
4TH 30 ST
T
HS
ST
E
ST
2N DS 532 Union Street T
23
300 KirkhamST ST Street
T
T
22
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19th Street/ Uptown BART
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AL
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AK E E ME R R IT M T BL ER R ITT BLVD
Transportation
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JA
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MADISON PARK
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O PABL SAN
VE
25
301 19th Street
26
2270 Broadway
33
West Oakland BART
27
2315 Valdez Street
34
Casual Carpool 5TH A to San Francisco
28
2538 Telegraph
EM BARC ADE RO
VE
Welcome to the Neighborhood “There are lush trees and gardens, generally impeccable
weather and a community feeling that isn’t always there in the rush of San Francisco. I love being able to take any East Bay-bound BART line and knowing that it will stop at my station. Having a backyard and a free laundry machine is paradise after schlepping my clothing down the street in Brooklyn.”
- Roland Li, San Francisco Business Journal
“Oakland is attracting residents for
its relative affordability, vibrant cultural scene, diverse population and urban environment within commuting distance to San Francisco. Companies such as Uber Technologies Inc. are moving in -- helping to fuel a 43 percent jump in office rents in two years -- while big investors including Blackstone Group LP and Boston Properties Inc. are putting money into residential projects in the city.”
- Alison Vekshin, Bloomberg
Market Statistics
Market Overview • In the ten year period beginning with Q3 2006, the North Alameda sub-market has experienced the greatest introduction of new inventory (3,952 units/47.6%) of all new market rate rentals • During the past four quarters, positive movement in asking rent was recorded in all 8 Oakland-East Bay metro sub-markets • 754 units will be introduced to the market by the end of the year, and a net total absorption will be positive 688 units
The Economy • Oakland-East Bay is now at full employment (4.8% unemployment) • Jobs and people moving across the Bay looking for more affordable jobs and housing • The Oakland-East Bay market can accommodate more people and jobs for at least 3 more years - 31,000 (1.1%) population rise through 2020 - 27,680 (2.5%) employment rise in this year › 25,240 (2.2%) in 2017 › 19,650 (1.7%) in 2018 › 6,230 (0.5%) by 2020
