The city of Oakland has sold all of its downtown property, save for one lot at 1800 San Pablo Avenue, which just so happens to be two blocks from Uber's future headquarters. The news comes via the San Francisco Business Times, which reports that the 44,431-square-foot lot could hold as many as 500 housing units.
The size of the parcel makes it one of the largest in the Uptown neighborhood, and its location surely makes it one of the most desirable to developers. Oakland city leaders are undoubtedly hoping to cash in on the cachet, but as the SFBT points out, they will be under a lot of pressure to bring not only market-rate housing to the site, but affordable units and retail as well.
Oakland Development Manager Patrick Lane told reporters there will probably be affordable housing requirements. Earlier, a deal with a developer who wanted to build 250 units on the site with 15 percent being affordable fell through. Lane told the SFBT that they might seek denser development this time around.
No word on exactly when the land will be up for grabs. Currently, it is being used as a parking lot.
- Last Downtown Oakland Public Parcel Could Hold Up to 500 Units Two Blocks From Uber [San Francisco Business Times]