The Oakland Affordable Housing Group wants to build 126 affordable housing units in the downtown East Bay.
The Modesto-based nonprofit has submitted preliminary plans for an eight-story complex at 315 15th Street downtown, According to the San Jose Mercury News. It will replace the parking lot.
Oakland Affordable Housing bought the site in 2016 for $8 million, the newspaper reported. The lot was last listed for $6 million, according to a marketing brochure from Corcoran Icon Properties, The Real Deal reported.
The 126-apartment plan will use state law SB 330 to streamline the city’s approval process for affordable housing proposals.
The project, near 15th and Harrison Streets, will feature shops and restaurants on the ground floor.
Next door is a six-story, 118-unit apartment building on the corner of 1445 Harrison Street, listed for $23.8 million, According to ring network. The 55,800-square-foot mixed-use building was built in 1925 as the Coit Hotel.
An approved 127-unit connected parking lot is listed at $6 million, According to the marketing brochure.
The 15th Street parking lot is now leased to Kaiser Permanente for truck parking and has some tenant parking, and appears to be the same site where Oakland Affordable Housing wants to build affordable housing.
The Oakland Affordable Housing Group, led by Frederick Lewis III, is affiliated with the Merced-based Central Valley Affordable Housing Coalition, according to state business records.Lewis posts listings of historic Coit properties and parking lots on his website LinkedIn page.