CIM Group Starts Construction of 333-Unit Apartment Community in Oakland

by Amy Works

OAKLAND, CALIF. — CIM Group has started construction of a residential development located at 40 Harrison St. at Jack London Square, a 12-acre entertainment and business destination on Oakland’s waterfront.

The eight-story property will feature 333 apartments in a mix of studio, one-, two- and three-bedroom floor plans, as well as 2,400 square feet of ground-floor retail space. On-site amenities will include communal gathering spots, outdoor terraces and lounges, fitness center, and a bike storage and care facility. Completion is slated for the end of 2020.

The property is a continuation of CIM’s redevelopment of Jack London Square. In March 2016, CIM acquired seven buildings of Jack London Square that included three office buildings with ground- and second-floor retail, three retail buildings, a parking structure with ground-floor retail, and three land parcels, including 40 Harrison St.

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