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Highrise hopes in Oakland
Soaring tower eyed
San Francisco Business Times - by Blanca Torres
East Bay developer Peter Wang is back for round two of trying to develop the tallest building in Oakland.
After withdrawing a previous application to build a 63-story tower
, Wang’s firm, Encinal Jackson, submitted an application to build a 56-story tower rising to 715 feet at 1938 Broadway. The building would dwarf the city’s current tallest structure, the Ordway Building at 1 Kaiser Plaza, by more than 300 feet.
“(Oakland) does not have a landmark on its city-scape and that creates a lack of identity,” Wang said. “The city of Oakland deserves to have a very beautiful building like this.”
The proposed tower would contain 1.5 million square feet of space, including 790,000 square feet of office, 320,000 square feet of parking, 75,000 square feet of retail and 220 residential units.