Proforma is starting work on a housing project in uptown Oakland.
Oakland has been taking off. Thanks to the tech boom in Silicon Valley, this nearby city has seen a spike in popularity both for businesses and individuals. This is evidenced by a project we just kicked off in Uptown Oakland.
Proforma Construction recently broke ground on a 25-unit housing project in this neighborhood. The residential development is conveniently situated less than a block away from the future headquarters of rideshare giant Uber. The site—located at 528 Thomas L. Berkley Way—formerly housed a parking lot. CRC Development LLC has taken over the space to develop it in anticipation of Uber moving in just three doors down.
The budget for the project is $11.2 million in total, or $450,000 per unit. We will have construction on the development completed by early 2017. Should the development become a rental rather than condo, rent will be around $3.50 per square foot, or beginning at $2,000 per month. The individual units will be largely one-bedrooms, though the building will have three two-bedroom units and a ground-floor live-work unit.
The building will be fitted with anodized silver aluminum windows and panels, a garage door and transom, and steel planters and will have a clean, modern aesthetic.
If you want to capitalize on the boom in Northern California, contact Proforma Construction. As commercial construction experts, our dedicated team can help you bring your dream to a reality just in time to make the most of the growth in California’s greater Bay Area. For more information about how we can put our services to work for you, call us today!