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Oakland Tribune from Oakland, California • 55

Oakland Tribunei
Oakland, California
Issue Date:
Extracted Article Text (OCR)

SUNDAY TRIBUNE CLASSIFIED SECTION I 1 SUNDAY, AUGUST 4, 1968 Plush Apartment Proposa 1 (A) Proposed 2-story air-conditioned expansion; (B) existing shopping center $11 Million Mail Addition 4 a- 'ivy 'w- $4 Million Project for Square By JOHN DENGEL Tribune Real Estate Writer A 231-unit luxury apartment house at the south side of Jack London Square will be proposed for development Monday afternoon to commissioners of the Port of Oakland. The- $4 million-plus undertaking would occupy the block between Harrison and Alice Streets, from First Street to the Estuary. A syndicate of local businessmen, headed by Alvin H. Bacharach and Clyde (Buzz) Gibb, has been planning the project several years. The group recently signed a 55-year lease for the 4.1 acre property with the Port Au- thority.

"Our main problem was to come up with a rugged, nautical flavor of architecture which -would blend with the excellent work already done around the Square," said Bacharach. There will be 270 ground level parking stalls under three and four-floor apartment buildings. Plush landscaping is planned including pools and waterfalls. There will be one large swimming pool, a large hydrotherapy pool, a gymnasium, saunas, and badminton courts. Bacharach, who said he visited "all the major marina developments i California" while planning the Jack Lon- Continued oi Page 4-C, CoL 5 ping center on the 35 acre former General Motors' property ai; Foothill Bouwvard and 73rd Avenue.

Land grading is under way on an $11 million two-story air-conditioned add it on to Eastmont Mall regional shop Index to Real Eitafe Financial Rentals Commission 'will consider proposed $4 million apartment house project alongside Jack London Square Homes Jump $250 a Month Construction will proceed as as the grading is completed, hopefully by November, according to Morgan Gil-man, Eastmont vice president. Opening is scheduled tentatively for the spring of 1970. Double deck parking will add 12 acres to the site's capacity. There will be parking for 2,400 cars. The mall will have 75 shops ia 275,000 square feet jif leasable space on two levels.

There also will be a three-story 191,000 square foot J.C Penney store. Plans are being drawn by the Burke, Kober, Nicolais It: Archuleta architectural and; engineering firm of San France cisco and Los Angeles. I KINTALS Apartments 300-309 Hotels, Motel Apartments 321 Multiple Dwellings, Rent 323 Duplexes Flats 324 Houses 325-326 Rentals To Share 327 Rooms for Rent 328 Out of Town 342 Vacation Places .343 Boarding 344 Rest Homes, etc Rental Bureaus 351 Business Locations 370-372 Halls, Garages 373-374 Industrial for Lease 37e RIAL ISTATI Loins on Railty 1 Trust Deeds 2 Lot 3 Income-Investment Property 20-29 Motels, Mobilehome Perks ....21 Commercial Property 20-29 Commercial Property Sites 22 Industrial Properties fc 23 Industrial Property, Lease 24 Acreage for Subdivision 27 Alimeda County Oakland Homes 40-44 Contre Costa County 50-o9 Other Real Estate 70-93 FINANCIAL Business Opportunities 110 Mines, Oil. Timber 120 Money to Loan 1M Rates Decline WASHINGTON (AP) The Federal National Mortgage Association announced Friday the fourth decrease since mid-June in rates on its short-term discount notes, re: fleeting improved conditions in the money markets. The new rates reported by FNMA President Raymond H.

Laphin were: 30-89 days, 5.20 per cent; 90-179 days, 5.35 per cent; 180-270 days, 5.50 per cent. Bay "Area home prices rose 4 per cent the first half of this year and the rise for the second half of the year will average 6 per cent, according to a survey completed this week by the Associated Home Builders of the Greater East-bay, Inc. On a home in the $25,000 next three years, Boyd Stephens, president of the Home Builders, said: "Take into account higher costs for land, materials, and increases required in community facilities and fees, the answer is obvious new home prices will never be lower and therefore now is the time to buy." range the price went up an average $166 a month and this figure will grow to $250 per month for the balance of this year because of rising costs, the survey of builders shows. Noting that recently negotiated contracts with the building trades will average 11 per cent annually over the Far Other Clateificatioiii Sa Index Pint Paee, Section II Too Late to Classify on Pag 47 CLASSIFIED DISPLAY CLASSIFIED DISPLAY CLASSIPICD DISPLAY CLASSIFIED DISPLAf CLASSIFIED DISPLAY CLASSIFIED DISPLAY CLASSIFIES DISPLAY CLASSIFIED DISPLAY SPaw 0tanmiv FROM THE "COMPLETE HOME" FROM No Down VA Min. Down FHA Ho Down VA Min.

Down FHA $39 closing DIRECTIONS: Tak Highway U.S. 50 to First Street overpass In Uvermor DIRECTIONS: Take Hwy. 50 to Dublin turnoff. Tak Dublin turnoff (Hwy. 21) one mile north to Amador Valley turn rigW one mile to models at Amador Valley Blvd.

and York Drive. VECCQPARKwnim COUNTRY Phone 415-443-2300 Phone 41 5-823-2007 1 WTk'J TJ See Franclsca) "eSew iesa Hy WcisaVs Communities "SUCCESS THROUGH HIACINATJOM''.

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