To help remedy the housing shortage, a rush of proposals for new Oakland towers have been submitted. It will potentially add over 3,000 residential units to downtown, becoming one of the largest building booms in the city's history. The projects would transform lowrise buildings and parking lots into a fancy glass, steel and concrete skyline.
When asked about her hopes and dreams for Oakland, Mayor Libby Schaaf said, "I like tall buildings, especially near transit." In other words, she supports denser housing downtown and hopes to see 17,000 units of new housing built in Oakland within the next 8 years.
See map below for the downtown highrise pipeline:
All things real estate.