Align-Albertsons Partnership Proposes Seniors Housing on Oakland Retail Site
San Francisco-based developer Align Real Estate is proposing 415 units of senior housing on land owned by Safeway parent Albertsons in Oakland’s Rockridge neighborhood, a project that would replace an existing retail complex anchored by a Trader Joe’s, reported the San Francisco Business Times. The proposal is the latest in a partnership between the grocer and Align, which so far have unveiled plans to raise some 3,900 homes across four projects in San Francisco and one in San Mateo.
The proposal by Align and an unidentified nonprofit senior living organization calls for a two-tower residential complex on 1.54 acres at 5727 College Ave. It would include 371 independent living units, 18 assisted living units and 26 memory care residences. However, unlike previous collaborations between Align and Albertsons, it would not include a commercial component.
“By placing senior housing near transit, services and shops, we’re giving older adults the opportunity to age in place with dignity and independence, while also freeing up family homes for the next generation,” Align’s David Balducci said in a statement.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout