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The marina facility on 13.1 acres at 6000 Peninsular Ave., known as “America's Southernmost Marina,” was sold by iStar Inc., which was represented in the deal by Avison Young principal George Vail.
First and foremost, Soloman Cordwell Buenz wanted to design a building that didn't feel like what would be in Chicago, New York or London; rather, a building that feels like it belongs in Oakland.
While developers stand to reap the benefits of tax breaks, it is not clear how residents of low-income neighborhoods in Opportunity Zones will benefit from the redevelopment of their communities.
“203 N. LaSalle St. is in position to capture the interest of growing tenants, like InnerWorkings, seeking large floorplates, new amenities, and access to the city's workforce,” says Transwestern's Jeff Dowdell.