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Financial Challenges Push Developer To List East Bay Site Slated for High-Rise Apartment Project

R2 Building Puts Entitled Multifamily Development Up for Sale After Failing To Secure Capital
Modular developer R2 Building is trying to find a buyer for an Oakland, California, site slated for a residential high-rise project. (RAD Urban)
Modular developer R2 Building is trying to find a buyer for an Oakland, California, site slated for a residential high-rise project. (RAD Urban)
CoStar News
August 29, 2023 | 6:53 P.M.

It has been more than half a decade since a San Francisco East Bay developer has tried to line up the financing necessary to break ground on an ambitious multifamily project, but after failing to land a financing source, the Oakland, California, site has been listed for sale.

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