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, 2019 and hosted a follow-up meeting on February 25, 2019. The project was heard at the ZBA hearing on March 14, 2019. 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.

The ZBA approved Walnut Capital’s request for a new 10-story office building with ground level retail and 100 accessory parking spaces on May 9, 2019 (see decision below).

Walnut Capital will present a detailed review of building design at an Oakland-Wide Community Meeting on August 28, 2019.

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