OAKLAND — An apartment complex that would add more than 150 residences is being eyed on an Oakland site where a well-liked restaurant now operates, a proposal being reviewed by city planners shows.
The residential development is being planned at 3801 Telegraph Ave. at the corner of West MacArthur Boulevard in Oakland, according to documents on file at City Hall.
The city files show that Riaz Capital is the developer of the proposed project.
Riaz Capital paid $3.7 million to buy the property, according to documents filed on Dec. 21 with the Alameda County Recorder’s Office.
Oakland-based Riaz Capital lately has become active in proposing development projects in the East Bay.
Among the developer’s proposals, which are all on sites that the company owns through an array of affiliates:
— A conversion of the Z Hotel at 233 Broadway in downtown Oakland’s Jack London Square district to create 102 residential units.
— 124 apartments that could be developed on a site at 2310 Ellsworth St. in Berkeley.
— 174 apartments planned for a property at 3030 Telegraph Ave. in Berkeley.
The recent proposal at 3801 Telegraph Ave. in Oakland envisions a seven-story apartment complex that would sprout on the nearly 0.3-acre site.
“The first floor will have a gym, leasing office, package concierge and 1,849 square feet of retail space,” the planning documents state.
Seoul Gom Tang, a Korean restaurant, is a business that at present occupies the site. The restaurant has slightly more than 400 reviews with an aggregate score of 4.4 stars out of a possible five stars.
“Unassuming eatery dishing up a variety of traditional Korean dishes in a casual setting” is how the restaurant is described on the Google reviews website.
The existing buildings on the property would be removed, according to the city planning documents.
The units in the proposed Oakland project would be a mix of high-efficiency studios and two-bedroom units, the development proposal states. The apartments would range in size from 327 square feet to 578 square feet.
The potential monthly rental levels weren’t disclosed in the application.
Riaz Capital has proposed an array of amenities for the roof level of the project, according to the planning documents.
“The project will have a common lounge and terrace on the seventh floor with views towards the Bay,” the developer’s proposal states.
Source: www.mercurynews.com