Oakland’s skyline is on the brink of a major transformation with Tidewater Capital’s recent approval to construct two new multifamily communities, signaling a significant investment influx into the heart of the Bay Area.
In a recent announcement, the real estate firm confirmed the final city approvals for a pair of residential projects aimed at replacing existing parking lots and injecting a fresh wave of urban living options into the city.
The developments – 533 Kirkham and 1431 Franklin – are set to bring a combined total of 670 units strategically located within two miles of each other, according to information from Multi-Housing News.
Groundbreaking is scheduled for the next quarter, with an ambitious completion target set for early 2026, aligning with the requirements of the California Environmental Quality Act analysis.
Both projects are committed to eco-conscious practices, with Tidewater aiming for LEED Gold certifications for each site, reflecting a growing trend of environmental awareness among developers.
The tower at 1431 Franklin St. will offer a variety of studios to three-bedroom units spread across its 35 stories.
In addition to its eco-friendly design, the project includes 39 apartments designated for residents earning no more than half the area median income, showcasing a socially conscious approach to housing.
The Franklin project not only addresses residential needs but also incorporates a planned four-level garage to support transit-oriented development, situated near Oakland’s diverse array of eateries and shops, including the Pacific Renaissance Plaza.
The proximity to the Oakland International Airport, less than 10 miles away, underscores the emphasis on connectivity for future residents, as outlined in Tidewater Capital’s LinkedIn post.
Meanwhile, the 533 Kirkham St. development in West Oakland blends convenience with boutique charm. The eight-story ensemble will offer studios and two-bedroom units while contributing approximately 3,000 square feet of retail space at ground level, aiming to enrich the local community.
Affordable housing remains a key focus, with 13 units earmarked for individuals at lower income thresholds.
