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Press Release

Lennar Doubles Down on Oakland, Plans a Second Large Project.

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One of the country's largest homebuilders plans to break ground before the end of the year on Oakland's tallest residential tower and is also pursuing another project nearby, for a total pipeline of nearly 500 units.

Lennar Multifamily Communities, a division of Lennar Corp. (NYSE: LEN), received approvals last month to build a 254-unit tower on a parking lot at 1640 Broadway. At 380 feet and 33 stories, it would be Oakland's tallest new residential building and its third-tallest building overall, although a nearby highrise planned at 1900 Broadway could also compete for the title if it seeks a height extension.

Read the full article on BizJournal!