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Parkside at Central Station Set to Launch in West Oakland
TRI Pointe Homes acquired two parcels totaling roughly 4.4 acres in the emerging West Oakland submarket from PSAI Realty Partners for $24 million. The entitled site at 1708 Wood St. and 1711 18th St. is planned for development of Parkside at Central Station, a 128-unit townhome condominium community.
PSAI Realty Partners, on behalf of its investment vehicle the SFF Realty Fund, L.P., had purchased the property for $4.74 million in 2011. At the time it was a cross-dock trucking facility that was quickly leased to a trucking company. During its ownership period, PSAI entitled the property for a multifamily development.
TRI Pointe Homes’ Bob Donnelly says, “The Parkside project is a great opportunity to build an affordable townhome community in the core Bay Area, in a location only seven minutes to Downtown San Francisco on BART.”
Colliers International’s Bruce Bauer and Rich Martini represented both the buyer and seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition




