First look: Oakland project from Texas developer would add 225 units in Auto Row

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REAL ESTATE INC.
First look: Oakland project from Texas developer would add 225 units in Auto Row
Feb 19, 2016, 2:42pm PST Updated Feb 19, 2016, 2:50pm PST
INDUSTRIES & TAGS Commercial Real Estate, Residential Real Estate, Construction, East Bay

Roland Li, Reporter
San Francisco Business Times
BIZSPACE SPOTLIGHT

The Hanover Company is moving forward with a new 225-unit residential building in Oakland’s hot Broadway-Valdez area, even as opponents continue to fight another project by the same developer across the street.

Oakland’s planning department will hold public hearings in the coming months on the Hanover Co.’s proposed seven-story project at 2400 Valdez St. The Houston, Texas-based developer also plans 23,000 square feet of retail, which is consistent with the city’s push for more shopping destinations in the area, which has historically been an Auto Row.

The project would replace a narrow parking lot that currently spans 24th to 27th streets. The site is just west of another large housing proposal on the same block by Holland Partner Group on what is currently an Acura dealership.
The developer didn’t immediately return requests for comment. TCA Architects is designing the project.

City planning staff stated in a report released this week that the project is a “well thought design concept” and released the project’s first renderings. But the staff had some design concerns regarding the project’s facade on 27th Street and recommended that the city planning’s Design Review Committee study the project further.

The Hanover Co. also received approval from the city’s planning commission in January for 256 units at 2630 Broadway, a site a block away from the proposal at 2400 Valdez St. But construction of the project would require demolition of the historic Biff’s coffee shop, which has been vacant for years and would require significant renovations. Local preservationists have filed an appeal against the approvals that will require the project to go to a vote by the city council, possibly in April.

Opponents argue that the Hanover Co. can save the historic building and build a taller tower that only occupies part of the parcel. “There is actually plenty of room for lots of housing on the property as well as great commercial space along Broadway and keeping Biff’s,” said Leal Charonnat, an architect and preservationist who is one of the opponents filing an appeal.
But the Hanover Co. has stated that repairing the historic building would be too expensive.

It’s the second time in the last month that opponents have filed appeals against newly approved projects. Last week, community groups and neighbors also appealed the approval of a 126-unit Oakland tower at 250 14th St. in part because they want the developer to pay for the replacement of a mural that would be blocked by construction of the project.

Roland Li covers real estate and economic development

Source: San Francisco Business Times

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