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April 20, 2019
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NORTHERN CALIFORNIA NEWS
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TMG Partners Receives Oakland Planning Commission Approval for 750k sf Office Project

1/18/19

TMG Partners received unanimous approval from the Oakland Planning Commission on their proposed office development at 2201 Valley in Oakland. The development will occupy a full city block between Telegraph Ave, Valley St, West Grand Ave, and 22nd St.

The 750k sf office building will include approximately 10k sf of ground floor retail and arts spaces. The project’s large open floors, high ceilings, and column-free spaces – made possible by the engineering required to span the BART tunnel that runs beneath the site – form the kind of creative work space ideal to growing companies.

Located only a block from the 19th Street BART Station, 2201 Valley is designed to achieve a LEED Gold designation. The building, designed by Solomon Cordwell Buenz, has proposed fanned vertical steps that embrace the structural requirements of the BART span, and resolve into a visually distinct, stepped vertical tower broken by outdoor terraces and landscaped decks. The building lobby faces towards Broadway and the HIVE along West Grand, and the 10k sf of ground floor spaces include dramatic 30-foot ceiling spaces for local retailers and artists to embrace the Uptown arts and retail community.

“Our project includes a variety of indoor and outdoor spaces for people to work and gather, supporting Oakland’s distinctive identity as a new mecca for technology and talent within the broader landscape of the Bay Area,” said Denise Pinkston, partner with TMG Partners. “Over the past year, we have worked with the public and community representatives to develop our project and believe the result is an Oakland-inspired design that makes a lasting architectural contribution to the city’s skyline.”

The project includes replacing a surface parking lot and contaminated gas station with:

A sustainable and uniquely Oakland workplace that reflects Oakland’s cultural and architectural tradition and enhances the Downtown
Ground floor retail and permanent dedicated arts spaces and installations that connect the building to the Uptown Arts community
An elegant design solution that addresses the significant constraints of constructing a modern building that spans the BART tunnel
High-quality jobs and significant revenues for the City of Oakland including $8 mil in one-time fees, $7.9 mil in estimated annual revenues, and over $13 mil in nearby restaurant/retail sales (estimate by Hausrath Economics)

TMG currently owns and is renovating two other Oakland properties at 1330 and 2201 Broadway.




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