Fruitvale Phase II

Oakland’s redevelopment agency recently slated plans to buy a surface parking lot at the Fruitvale BART station. The proposed project is estimated at $100 million dollars. The project will be the second phase of Signature Properties Inc.’s residential project there. The site currently sits on 3.4 acres and the land is valued at $6 million. The council decided on July 13th so we should expect to hear the outcome soon. If approved the project would include 275 units of housing with 566 parking stalls. Phase I as it is referred to included 47 housing units, 115,000 square feet of office and 40,000 square feet of retail. Signature secured an approval in May but has not determined a start date for the project to break ground.