New Jack London Square apartments leasing up amid Oakland housing boom

 Dec 18, 2019, 6:04pm EST 

Residents have started filling into Modera Jack London Square, a 134-unit apartment complex that is one of several bringing hundreds of new renters to Oakland’s waterfront.

The development at 378 Embarcadero West sits one block away from the Oakland estuary near a cluster of restaurants such as Miette Patisserie, The Forge, Belcampo and Farmhouse Kitchen.

“Jack London Square has become one of the most sought-after destinations in the Bay Area,” Dave Fiore, managing director of development for Northern California for Mill Creek Residential, said in a statement.

The building includes studios starting around $2,400 per month, one bedrooms starting at $2,870, two bedrooms starting at $3,850 and three bedrooms at $5,300. The complex includes a gym, a pet spa, club house, co-working areas, and a roofdeck. So far, about 12 percent of the homes are leased up.

The apartments average 700 square feet and feature wood floors, high ceilings, stainless-steel appliances and walk-in closets.

Modera Jack London Square is coming on the market amid a massive building boom in Oakland with a pipeline of more than 19,000 homes in 2019 and 2020.

Like many developers, Mill Creek is offering promos to lure renters. At Modera Jack London Square, some renters can snag up to two months of free rent.

The project joins other new apartment projects bringing about 1,300 new homes to the neighborhood. Others include Carmel Partner’s Fourth Street East, a 330-home apartment complex at 150 4th St. that hit the market a year ago with rents starting around $2,775 for a studio up to $5,000 per month for a three-bedroom. CIM Group is building 333 apartments at 40 Harrison St.

Jack London Square is one of Oakland’s oldest neighborhoods and is named after the famed writer who frequented the area back in the late 1800s.

Fiore told the Business Times earlier this year that one of the key selling points of Jack London Square is the location’s access to public transit.

“From a transportation perspective, the development is at ground zero for transit around the Bay Area,” Fiore said. “Residents can take a ferry to downtown San Francisco in 25 minutes, they can easily catch an Amtrak train to San Jose and can also grab the Amtrak Capitol Corridor to Sacramento.”

Besides Modera Jack London Square, Mill Creek is building the $100 million, 205-unit building Modera Acheson Commons at 2133 University Ave. in Berkeley along with another Oakland project, the 173-unit Modera Lake Merritt at 1940 Webster St., andthe 180-unit Modera Rincon Hill at 390 First St. in San Francisco. The developer is working on a total eight developments in the Bay Area.

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