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Thomas Berkeley Square Condominiums

600 Thomas Berkeley Way
Oakland, California
Description:

The Thomas Berkley Square Condominiums will consist of 88 newly constructed condominiums and town homes, as well as three commercial condominiums. The project includes 23 different floor plans incorporating one, two, and three bedrooms, along with 100 parking spaces. The complex will provide residents with several amenities including private patios or balconies and a recreation room.

Location:

The project lies within Oakland's Uptown Entertainment District, a high-potential commercial and residential area with opportunities for new office, housing, retail and parking development adjacent to Oakland's Central Business District. The site is within two blocks of direct access to San Francisco's Business District via BART, as well as a direct stop for the Alameda County Transit Downtown San Francisco Express Bus Service. The site is also within short distance to cultural amenities, including the Fox Theatre which is home to the Oakland Symphony, and the University of California-Berkeley Museum.

Size:

88,547 net salable sq ft (84,568 residential and 3,979 commercial) on 0.80 acres

Community
Benefits:

90% of the homes are targeted to be affordable to households earning below 150% of the average median income for the area. The property is located in a designated low-to-moderate income census tract according the US Department of Housing and Urban Development.

Developer:

The Bedford Group has developed a number of successful residential and commercial projects throughout Los Angeles' urban communities, including both affordable housing for low-income residents and seniors as well as high-end housing for the more affluent buyer.

Project Cost:

$42,700,000

Financed By:
  • California Urban Housing Fund is managed by Phoenix Realty Group LLC, a national real estate investment firm providing capital and expertise to urban developers for the creation of middle-market for-sale housing, urban smart growth development, low-income tax credit housing and community revitalization projects
  • The Bedford Group
  • Construction lender: Hanmi Bank

California Urban Housing Fund