Oakland’s proposed residential tower would be the city’s tallest building

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A proposed residential tower at 325 22nd St. would surpass its neighbor, the 404-foot Ordway Building, to become the tallest building in Oakland.

Developer CIM Group is seeking city approval for a 487-foot skyscraper named Town Tower that would feature approximately 596 apartments, including 25 affordable units for ultra-low-income residents, a 734-space parking lot, and 9,380 square feet. of retail space. The 46-story skyscraper would include eight penthouses and replace a parking lot.

The developer previously won approval in 2018 for an office tower of up to 1.1 million square feet on the site, which would also have been the city’s tallest building, but never been built.

During the pandemic, the office vacancy rate in downtown Oakland soared to 33% and many workers stayed home, according to real estate brokerage firm Cushman & Wakefield.

Although Oakland apartment rents have also fallen, large residential towers have been completed or are under construction, especially near public transportation. The site on 22nd Street is a few blocks from the 19th Street BART station.

Solomon Cordwell Buenz is the architect of the project. The firm also designed the 400-foot-tall Atlas apartment building, which was completed in 2020 and is Oakland’s second-tallest building.

SF YIMBY, a real estate website, first reported news from the construction app.

CIM Group has been a major developer in Oakland, with numerous projects in Jack London Square and downtown Oakland. The Los Angeles-based company also owns the Ordway Building, which is Kaiser Permanente’s headquarters and named after the healthcare giant’s first employee.

CIM sold the Uptown Station property last year for $419 million after leasing it to payment technology company Block, formerly Square.

Roland Li is a writer for the San Francisco Chronicle. Email: [email protected] Twitter: @rolandlisf

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