San Francisco Business Times
From the article:
As developer Madison Park Financial wraps up work on Lampwork Lofts, Oakland will be left with no major market-rate housing — condos or apartments — under construction.
Apartment booms are underway in nearby cities like San Francisco with more than 5,000 units under construction and in Emeryville, Oakland’s tiny neighbor to the north, where about 360 apartment units are under construction.
Oakland has a pipeline of more than 4,500 approved market-rate residential units. A huge chunk of the approved total, about 3,200, includes housing at Brooklyn Basin, a 64-acre redevelopment waterfront project that broke ground earlier this year on site preparation but is years away from delivering units.
Oakland has a pipeline of more than 4,500 approved market-rate residential units. A huge chunk of the approved total, about 3,200, includes housing at Brooklyn Basin, a 64-acre redevelopment waterfront project that broke ground earlier this year on site preparation but is years away from delivering units.