OAKLAND, CA—The proposed $2-billion Coliseum City projectdetails were recently outlined in an environmental impact documentgiving the estimates of what the 800-acre project would include interms of planned sports and entertainment district, residentialneighborhood, retail, hotels, and office space between the Downtownand airport area.
According to JLL, which looked at, and analyzedthe document, Coliseum City would create a new submarket in theOakland metro market due to the proposed size of the office,commercial, and industrial space. In turn, the firm says, it couldhave a long-term effect on an increase in rental rates as well aslower vacancy in the overall Oakland market “if tenants areattracted to being close to the sports arenas as well as vastamenities it proposes to offer.”
The Coliseum City project will transform an entire area ofOakland, creating thousands of new jobs and a regional destination,Mayor Jean Quan has been quoted as saying in numerous reports. "Itstands to be one of the largest transit-oriented developmentprojects in California and among the most exciting developmentsites in the nation."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
