OAKLAND — A highrise with hundreds of homes and some office space is being proposed for a downtown Oakland site, a project that would become one of the East Bay city’s tallest towers if it’s built.
The 39-story tower would soar 440 feet. If built right now, it would be higher than the current tallest tower in Oakland, the Ordway building, which is 404 feet tall. An early version of the project envisioned a 40-story tower at the site. About a year later, in 2017, a 29-story tower with 184 housing units was proposed at the 2044 Franklin property. In 2018, plans were floated for a 22-story tower.
R2 Building intends to use SB 330 vesting rights that would enable a streamlined approval process for the project, as a way to address the housing shortages in Oakland and the Bay Area generally.