The future for a huge Oakland housing development has turned murky now that a lender has seized the project site in a loan foreclosure.
A housing tower and residences within the CitySpaces mixed-use development that features 1,032 homes, retail, restaurant and grocery spaces at 500 Kirkham Street in West Oakland, concept.OAKLAND — The future for a huge housing development in Oakland has turned murky now that a lender has seized the project site through its foreclosure of a delinquent real estate loan.
San Francisco-based Panoramic Development had proposed the housing project on a site that’s bounded by Kirkham Street, 7th Street, Union Street and 5th Street, Oakland planning files show.Street-level view of the CitySpaces mixed-use development that features 1,032 residences, retail, restaurant and grocery spaces at 500 Kirkham Street in West Oakland, concept.
The housing development at 500 Kirkham was one of several proposed projects that collectively were expected to usher in a dramatic transformation of the neighborhood next to the West Oakland BART station. Lenders typically eschew strategies that oblige them to develop or own on a long-term basis properties that they have seized through foreclosure.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Light rain returns to Bay Area, mostly in the North BayPortions of the Bay Area woke up today to wet conditions as another round of light rain was passing through the region, with an additional chance of rain forecast for the end of the week.
Read more »
Feds make multiple arrests in Bay Area mail theft casesFederal authorities announced Tuesday several people have been arrested in connection with postal crimes, including assaults on postal workers, mail truck break-ins and mail theft.
Read more »
How climate change affects Indigenous Bay AreaMembers of 12 Bay Area tribes discuss the impact of climate change on their longstanding relationships with the land
Read more »
High school football rankings Week 8, 2023: Bay Area News Group Top 25Los Gatos returns to the top 10. Several other teams move up slightly. Antioch enters the rankings.
Read more »
High school girls volleyball rankings: Bay Area News Group Top 15Archbishop Mitty and St. Francis swap places, Menlo School enters the rankings, Foothill continues its rise
Read more »
Three spooky Bay Area bars to explore this Halloween seasonCatch spooky vibes — and great drinks — at a cavern tavern in Oakland, a tiki-slinging plane wreck in San Francisco and a subterranean speakeasy in San Mateo.
Read more »