It’s good to know that there are people out there who still believe in the real-estate market.
Plans are afoot to bring more housing to Rockridge, the popular neighborhood which straddles the Berkeley Oakland border (and where my sister would choose to live if she didn’t live in the bigger, buzzier Islington, London). (Thank you Redfin for your new search-by-neighborhood facility which makes producing maps like the one below so simple):
The Global Video building on the intersection of 51st and Telegraph is to be demolished and replaced by surface parking and construction of up to 120 residential units (115 market-rate units and five very low-income affordable housing units), with approximately 7,700 square feet of ground-floor commercial space, and 120 parking spaces.
And the spot most of us know as the Delancey Street christmas tree lot, at Broadway and Coronado — a long-neglected site of a closed gas station — is to become a mixed-use condominium project of 28 residential units of approximately 1,000 square feet each. According to the developer, Rockridge Heights LLC, the units will be designed for “buyers wanting to live within a small ‘footprint’ and seek an active urban lifestyle”. Only three of the residential units have two bedrooms. The remaining 25 are one-bedroom units.
Interestingly, in the Rockridge News report on the project, the developer says the reason this site finally being cleaned up (former gas stations present big problems) is that “Oakland real-estate values now make clean-up and redevelopment of the property affordable”. Although it sounds out of sync with the times — and the project’s inception probably did precede the beginning of the housing slump — it’s good to hear someone is banking on the real estate market recovering.
Redfin currently lists 11 homes for sale in Rockridge. Here’s my pick of the three most interesting:
5438 Lawton Avenue (above): 3/2 Craftsman which is a vision of white on white, with some nice original features and a pretty looking garden. Price: $895,000
327 Hudson Street: 2/2 home with updated kitchen and offstreet parking as well as “many upgrades”. Price: $699,000.
2720 Alcatraz Avenue: 4/1.5 “farmhouse style” shingled house with good amount of space and large eat-in kitchen. This house has great potential and is close to everything and on a less trafficked section of Alcatraz. You just need to come to terms with the view from the back windows into Safeway’s parking lot. Price: $925,000
Update: a sharp-eyed reader points out that Global Video is on 51st and Telegraph, making it Temescal not Rockridge. Not a million miles away but still. Thanks Dan.