Oakland’s retail dreams are finally starting to come true.
After years of unsuccessfully reaching out to retailers and
developers, the city’s redevelopment agency is negotiating several
deals, including one with Kroger Co.-owned Foods Co. to open two stores in East Oakland — a highly
underserved area.
In addition, the redevelopment agency selected developer Sunfield
Inc. to build mixed-use retail and commercial projects on two sites that
were among 10 for which the agency solicited development proposals last
fall.
Of the 10 properties, six attracted proposals. The city decided to
pursue five: one from Foods Co., two from Sunfield and two others which
are still in early negotiations. The Foods Co. bid is for a four-acre site at the corner of 66th
Avenue and San Leandro Street, a city-owned property near the Oakland
Coliseum, where it plans to build a 72,000-square-foot store. That store
alone is projected to add $50,000 in sales tax revenue and more than
100 jobs.
In addition to the redevelopment agency site, the grocer also plans
to open a similar-sized store in the Foothill Square Shopping Center, an
aging complex that developer Jay-Phares Corp. plans to revamp with a Foods Co. store
as the anchor. |