Nearly 100 homes could be destined for an area near Oakland’s Chinatown and Jack London Square, according to plans filed with the city by developers.
The plans say the building on Broadway near Fifth Street would rise 75 feet across six stories and contain 94 homes. Of those homes, 25 would be studios, 20 one-bedrooms, 25 two-bedrooms and 24 three-bedrooms.
Rooms would rent to households making between 30% and 80% of the area median income, or earning between $25,229 and $67,277.
The building would also contain parking for 48 cars and 49 bikes, a communal laundry area on the second floor and more than 2,140 square feet of commercial space on the ground floor. The building would also have more than 8,600 square feet of common areas and 8,500 square feet of open space, including a terrace on the second floor.
The housing development is close to the Nimitz Freeway and is served by AC Transit lines 12 and 72, which go from Jack London Square to Berkeley and San Pablo. It is also within walking distance of Oakland’s Chinatown and Jack London Square.
The site is being developed by Related California and the East Bay Asian Local Development Corporation.
“What we’re trying to imagine is a well-resourced building in a well-resourced community. [With] libraries, public transit,” said Liz Probst, director of real estate development at East Bay Asian Local Development Corporation, a nonprofit that is co-developing the site.
An Alameda County Probations Department building would be demolished and turned into three 100% affordable housing projects at 430 Broadway, according to Ann Silverberg, CEO of developer Related California.
The lot at 430 Broadway would be the site of three buildings in total. The other two buildings would likely contain between 66 and 79 homes and between 70 and 90 homes, totaling between 210 and 263 homes at 430 Broadway although plans have not been filed yet, Silverberg said.
A neighboring site at 401 Broadway with vacant government offices would also be developed with three buildings, two of which would be 100% affordable, and the third would be sold at market-rate or mixed-income, Silverberg said.
The projects are still in the early stages of planning, Silverberg said.
Groundbreaking for the 430 Broadway building is expected for 2024, with completion in 2026. Subsequent buildings would be constructed in stages, with completion dates staggered.
“We could expect the buildings to be spaced 12 months apart,” Silverberg said.
The City of Oakland, Alameda County and the county Department of Probations were contacted for comment but did not respond.