A wobbly office market in downtown Oakland has prompted a veteran developer to ditch plans for a proposed office tower.
OAKLAND — A wobbly office market in downtown Oakland has prompted a veteran developer to ditch plans for a proposed office tower and instead sell the project site to an East Bay nonprofit.
The highrise would have totaled roughly 157,000 square feet, according to documents on file with Oakland city planners. That would have consisted of 147,000 square feet of office space and 10,000 square feet of ground-floor retail. The veteran real estate firm, whose projects include Brooklyn Basin, a dramatic transformation of the Oakland waterfront, had proposed the Webster Street tower project in 2019.
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