A developer wants to replace surface parking lots in West Oakland with more than 400 homes.
The Martin Group, an Oakland-based developer, filed the plans on Thursday, the San Francisco Business Times reported.
The project is located in the city’s Prescott neighborhood, a once-thriving predominantly Black neighborhood that was neglected by developers for decades but has recently become a focus of attention. In January, the San Francisco developer Tidewater Capital filed plans to build an eight-story building with almost 300 units in the neighborhood; three more projects in the area would add about 2,300 more apartments, as well as retail and office space.
The Martin Group’s latest proposal would remake a 500-car parking lot about a block from the West Oakland BART station, at 1357 Fifth Street. The plans are preliminary, but call for 421 units and 720 parking spaces spread across four acres.
The project is different from the other recent West Oakland proposals, the Business Times noted, in that it also adds a significant amount of parking; the other projects are more transit-oriented and include minimal parking.
The Martin Group declined to comment to the publication.
[San Francisco Business Times] — Trevor Bach
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