Saturday, December 16, 2006

No Town Hall in Oakland

The discussions between the Town Hall guys and Signature Properties, which would have brought the restaurateurs to the Oakland's Uptown district, have fallen through.

The impression I got was that Doug Washington and Mitchell and Steven Rosenthal, the Town Hall partners, had their hands full with Salt House, a new concept two blocks from the original Town Hall in SF's SoMA district. Without heavy financial incentives from Signature, they probably weren't going to come to Oakland.

And what condo developers is going to sink a lot of money into incentives amid a tumultuous market and falling prices?

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Oakland Native said...

Here's a good real estate question: is the desire to snap up space in Uptown at current rental rates outweighed by the fact that new residents won't actually be there for more than a year?

December 22, 2006 2:53 PM  

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