Oakland foundry site lands big-time buyer, major development 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.

AB&I Foundry, a scrap metal foundry that began operations in Oakland in 1906, is shutting down in stages and will be completely closed by sometime in early 2023, according to foundry owner McWane Inc. The final pipe-fitting operation is scheduled for this June.

Now, Duke Realty, acting through an affiliate, has bought the 15.1-acre site in East Oakland, according to documents filed on April 28 and April 29 with the Alameda County Recorder’s Office.

The developer paid $62.8 million in transactions that were

→ Continue reading at Silicon Valley

More from author

Related posts

Advertisment

Latest posts

Elon Musk says he is 'exactly aligned' with Europe's sweeping new rules for social media platforms | CNN Business

In the video, Breton said he met with Musk to explain the finer points of the Digital Services Act, a forthcoming law that imposes...

With COVID back on the rise, some cities, agencies mulling a return of health mandates

As the Bay Area braces for yet another COVID-19 surge, a few cities and agencies are reinstating indoor mask mandates as the region continues...

Brian Chesky, CEO of Airbnb, and his idea about telecommuting (even if there was no longer a pandemic)

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Opinions expressed by Entrepreneur contributors...