Oakland 10K
10K Housing Initiative
A major initiative launched by Mayor Jerry Brown when he took office in 1999, the 10K Downtown Housing Initiative is realizing its goal of attracting 10,000 new residents to downtown Oakland by encouraging the development of 6,000 market-rate housing units. A near perfect climate, California’s best mass transit system, a central Bay Area location and a growing downtown workforce all contribute to make downtown Oakland a great place to live.
As of November 2005, the 10K Downtown Housing Initiative has resulted in the start and completion of 61 residential projects with 7,053 units. Seventeen projects (1,663 units) have been completed, fourteen projects (1,479 units) are in construction, twenty projects (2,570 units) have received planning approvals, and ten projects (1,341 units) are in the planning process. The Initiative has literally altered Oakland’s skyline with the construction of The Essex on Lake Merritt, the first high-rise residential construction in downtown Oakland in 20 years. To date, the number of units necessary to house 10,000 new residents has been surpassed.
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