Walnut on Fifth - 3342 Fifth Ave

Developer: Walnut Capital

Project summary: Developer plans to build a 10-story office building geared toward technical, medical, and research companies. The use of the building is in compliance with zoning code, but the developers went in front of the zoning board for height, FAR, and parking. Walnut Capital presented their preliminary plans at a public meeting on January 23 and hosted a follow-up meeting on February 25th at 6 p.m. at the Oakland Career Center. The project was heard at the zoning board on March 14 at 10:10 a.m. OPDC executed a community benefits agreement with Walnut Capital that addresses 1) transportation demand management strategies, 2) community oriented retail space, and 3) investment in Oakland Community Land Trust.

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