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CIM Delivers Oakland Multifamily Development
CIM Group and its co-development partner, Strada Investment Group, completed the construction of Eleven Fifty Clay Street, a 16-story, 288-unit apartment building in downtown Oakland. The project between 11th and 12th Streets is considered to be an integral piece of the evolving downtown fabric that will enrich the neighborhood with new residences, community-serving retail, and public spaces.
CIM Group’s Avi Shemesh says, “CIM is helping to serve the needs for new housing with the completion of Eleven Fifty Clay Street, located in a transforming neighborhood near transportation.”
Eleven Fifty Clay Street offers modern residences ranging from studio to three-bedroom floorplans, fitted with contemporary finishes. A key feature for residents will be a large rooftop deck offering expansive Bay and city views, as well as roughly 4,000 square feet of street level retail.
Shemesh also notes CIM is nearing completion of an apartment community at Jack London Square, which will add 333 residences to the mixed-use environment in Oakland.
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