Thursday, January 31, 2008

The Highly Touted Jack London Square Revival

Living in the East Bay for the last 15+ years, it seems like the powers that be are always talking about a revival of Jack London Square. And, it looks like it might actually be on the verge of happening!

First, there is the highly anticipated California Harvest Hall, which is planned to be largest public market on the west coast, rivaling even Seattle. That should be opening in 2009 and promises to bring in a lot of local visitors and tourists alike.

Today, Eater SF has a run down on other great developments in the neighborhood. Among the news is that Cocina Poblano has just opened and offers the largest tequila selection in the east bay. Plus, the upscale hotelier Joie de Vivre has taken over the Waterfront Hotel and will be opening up a new restaurant from local celebrity chef Joey Altman. And, Jack London Square already has one of the best farmer's markets around and lots of history and charm.

So, what about the market? Is now a good time to buy in Jack London Square? I would say so. There was a lot of development in the neighborhood over the last few years getting ready for the promised revival of Jack London Square. Now, there is a lot of inventory. And, with today's market, there are some great deals. Even a quick look at the available properties in the area shows that there are about 70 properties listed at $500,000 and less.

Another great option if you are interested in buying property near Jack London Square is the nearby East Lake Lofts. These are authentic industrial brick-and-timber lofts next to Laney College. These are filling up fast, but some choice lofts are still available.

If you have questions about Jack London Square or would like to purchase a condo or home in the area, please let me know. I am always happy to help. I can be reached at 510-547-5970 x57 or MSmartt@jps.net.

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