"A Costco warehouse store could sprout on a big chunk of land at the former Army base in Oakland now that a veteran and experienced developer has been picked to potentially make the retail proposal a reality. The retailing giant could open a warehouse store at 2008 Wake Ave. in West Oakland, according to Deca Companies, the real estate firm that has the inside track to develop a Costco at the site."
"A Costco store could bring jobs to Oakland and create more retailing opportunities for shoppers in the region. For years, efforts have emerged on an on-and-off basis to develop a Costco store in this part of Oakland. We're thrilled to help bring a major grocery retailer to West Oakland, said Travis Duncan, a vice president for Deca Companies. This project sends a clear message. Oakland is open for business."
"For too long, our West Oakland community has lacked access to essential services, often forcing residents to leave Oakland to find quality options, including groceries, Oakland City Councilmember Carroll Fife said. West Oakland residents have endured generations of disinvestment and neglect, Fife added. The exclusive negotiating agreement is deemed to be a crucial early step ahead of the actual development of a West Oakland Costco."
Costco has a potential site at 2008 Wake Ave. on the former Army base in West Oakland, with Deca Companies selected to pursue development under an exclusive negotiating agreement. The Oakland City Council authorized the city administrator to negotiate terms with Deca. The city owns the site. A Costco warehouse could bring jobs, grocery access, and expanded retail opportunities to a neighborhood that has experienced disinvestment and limited essential services. Deca Companies has experience redeveloping challenging properties, including the Cow Palace modernization and a proposed mixed-use conversion of the Phillips 66 refinery at the Port of Los Angeles. The agreement is an early step toward project development.
Read at www.mercurynews.com
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