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Why CIM Group Is Dropping Office Plans in Favor of Multifamily in San Francisco Bay Area

Developer's Plan for Oakland's Tallest Building Has Pivoted to Residential
Southern California developer CIM Group is proposing a 487-foot tower in downtown Oakland, California — what could be the city's tallest structure. (CoStar)
Southern California developer CIM Group is proposing a 487-foot tower in downtown Oakland, California — what could be the city's tallest structure. (CoStar)
CoStar News
October 17, 2022 | 9:44 P.M.

A skyline-defining tower is slated for downtown Oakland, California, but rather than pursue the original plans for an office high-rise, the developer is pivoting to pursue growth in the city's apartment market.

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News | Why CIM Group Is Dropping Office Plans in Favor of Multifamily in San Francisco Bay Area