A 24-story residential tower planned for the eastern edge of Oakland's Lake Merritt was approved yesterday despite the gentrification fears of neighbors who protested the project on the grounds that it included no below-market-rate housing. When complete, the high-rise building will have 298 units. The Oakland Planning Commission recommended that the developer put $5.1 million toward off-site BMR housing, although that recommendation is not binding. [SF Business Times]
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