Rendering: MacArthur Station
On July 5th, the Oakland City Council approved Boston Properties and McGrath Properties as developers for a project that will see at least 137 residential units built at MacArthur Station, a mixed-use transit-oriented development.
The news has attracted attention in part because Boston Properties is one of the largest office landlords in the US. The firm is focused on Boston, Los Angeles, New York, Washington, DC and San Francisco, and is behind the Salesforce Tower in San Francisco — soon to be the city’s tallest building.
McGrath Properties, the other developer, was responsible for the renovation of Oakland’s 1625 Clay Street, a national historic landmark.
This week’s vote passed nearly unanimously, with only Oakland City Council member Noel Gallo voting “no.” Development will take place at Parcel B at MacArthur Station; in addition to the 137 residential units, the developers will build 3,000 square feet of retail space.
Located very close to Oakland’s MacArthur BART station and near the increasingly popular Temescal neighborhood, MacArthur Station has been a slow build since 2009. Once completed, it will hold 675 homes, including 563 market-rate homes and 112 homes below market rate. It will also include 42,500 square feet of commercial and retail space, plus 5,000 square feet of space for community use.