Forest City boosts Uptown ambitions
Developer bucks trend, bids to build more apartments in Oakland
Forest City Enterprises, which has spent several years whittling down its mammoth Uptown development project in Oakland, now wants to increase it.
Redevelopment officials and Forest City confirmed the Cleveland-based firm plans to take to the City Council an increase in the project’s first phase, to 665 units from 590. The city expects the changes to ripple forward into the project’s second phase, growing the total apartment count beyond 700 units. The move is something of a surprise, coming amid a weak rental market that has brought Oakland apartment building to a standstill, even as condominium development continues at a frenzied pace.
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