oWOW

oWOW new site ANDYS (www.andys.co) in downtown Oakland got a nice shout out on X recently. Aiming for people to move in early October. https://lnkd.in/g-dkJFkH

Spoke The CCIM Institute on Tuesday on behalf of oWOW. Brought our hype man Abulala Patel to lead the crowd in chants of oWOW, oWOW, oWOW but could not get the timing right. Will aim to figure out for next one. @aziz khatri Belal Kaddoura John Protopappas

Exciting news coming out of California! Bay Area-based developer oWow is planning the nation's tallest mass timber building in Downtown Oakland. The 28-story project will leverage modular construction and state density bonuses to create nearly 500 apartment units, setting a new benchmark for green building and innovative design. As decarbonization becomes a priority, oWOW is leading the way with this record-setting project. Click below to read more. https://lnkd.in/gSSTyNkU #SustainableLiving #MassTimber #ModularConstruction #RealEstateDevelopment #OaklandRealEstate #CRE #GreenBuilding #Decarbonization

Interesting read on ONX, a new company started by ex Katerra CEO Michael Marks. I don't agree with his pivot away from Mass Timber but I do think it is a lot smarter to experiment on your own developments before selling below cost to other developers.

Build Baby Build: It hangs on the ceiling when you walk into our office. in bright oWOW blue. Today oWOW is building in some of the most difficult areas to build in the bay area of California due to a multitude of issues with the bottom line being that the costs are to high and the rents are to low to offer an economic return that makes sense in todays market. In Oakland we recently surveyed a group of developers and despite almost 5,000 new units approved in planning it seems like less than 500 new units between 2025 until 2027; in south of market, San Francisco we are seeing similar numbers. We are aiming to build during this period by using new California state density bonus laws such as AB 1287 and others to increase our density by 50-100% over what is approved while at the same time decreasing our hard costs and time to construct using : https://lnkd.in/gFmdHi_q See a recent article on what we are doing here: https://lnkd.in/g_HAHrmJ

Got to present on why oWOW is aiming for oWOW at USC Lusk Center for Real Estate annual retreat in Ojai . They gave me 30 minutes and at 45 minutes after multiple extensions of speaking time, I had to get off the stage but I could have went on for another few hours. The topic was on what we are doing oWOW to change the game in construction, architecture, and development. Richard Green, Scott Laurie (thanks for both the invite and first principle question during Q&A).

Great being on the panel this morning at the East Bay Multifamily Summit