• Existing 490-stall parking structure with potential for re-use • Favorable Oakland zoning for residential or mixed-use development • Ministerial approval path for affordable housing projects thanks to Oakland’s S-13 overlay zone • Rare large site at 1.79 acres offers ability for efficient development • Bay Area economy flush with influx of capital from AI investment • Oakland residential market seeing consistent improvements • Potential to assemble with entitled 225-unit residential development site at 2600 Telegraph for development efficiencies and construction cost savings