Central Station

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Thursday, June 19, 2008

Live Green, Make Money

We'll spend more time elaborating on some of the green elements at the Pacific Cannery Lofts, but Yahoo! News reported yesterday on a growing trend about saving money by living in smart locations. With gas and energy prices skyrocketing, the financial impact of heavy transit is obviously adding up quickly. Being centrally located, both for having short trips to get where you need to go and for having multiple public transit options, can result in saving hundreds of dollars a month. That money adds up quick, and the location at the Pacific Cannery Lofts is about as central as it gets. The article highlights one buyer that was able to take his savings on car and gas expenses and use it to cross the threshold into homeownership. Also highlighted is research that is showing that well located homes near public transit are "selling faster and at better prices."

As one interviewee states: "When we decided that we were going to make a move we basically put a dot in the middle of the map where my office is and said, `We are not going to live farther than essentially a 20-minute circle around that,'" Bulkeley said.

Bulkeley's logic makes sense, and so does being in a location is less than 20 minutes to downtown San Francisco, Oakland, and Berkeley by almost any mode of transportation.

We've mentioned often that the Cannery is next to the 16th Street Train Station, the terminus of the Transcontinental Railroad...this point used to be the center of all major raillines and was chosen because of its central location, and that type of connectedness to infrastructure (now in the form of all major freeways, bike paths, and BART) is as true today as it was 100 years ago.



Blogger Jonathan Fleming said...

Live Green is the key, just like cars that can be more energy efficient a big piece of the puzzle in America is building smart housing near job centers in the Eastbay versus people driving 200 miles daily to get to work spending gobs of money on gas! Clients that moved out to Brentwood and Oakley wished they lived closer to their jobs in Oakland and SF, this development makes sense, plus condos/lofts are energy efficient because you can build up taking up less land....I’m just glad to see some creative buildings and entrepreneurs coming into Oakland to help it because it is a great city with some good development ideas still not done!

I would just suggest really establishing the area around the place long term versus just being the type of developer that just splits after the job is done. I really think West Oakland could use some new districts similar to areas in SF. That part of West Oakland could really turn into a nice art music community if extended out with other buildings in the area. Just a lot that could be done…Micro District creation is the key whereby you build development with comfort by adding small venues, i.e. businesses bordering each new area.

JONATHAN FLEMING & Associates, Realtor

June 20, 2008 at 7:01 PM  

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