Oakland foundry site lands big-time buyer, major development is eyed
OAKLAND — A century-old foundry site in Oakland has been bought by an Amazon-linked real estate firm that plans a major industrial project on the big property.
The developer paid $62.8 million in transactions that were completed on the two dates at the end of April, the county documents show. “The proposed project represents an opportunity to develop a best-in-class modern industrial building representing a significant investment in East Oakland,” Duke Realty said in its filing with the city’s planning department.
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