The City of Walnut Creek is planning a new initiative to expand the development potential in downtown. The plan will change the City’s landscape and skyline. This is a bold initiative that will add more housing density to the downtown core. We will see taller buildings up to 89 feet in height and improved intermodal connections for the Oakland boulevard corridor. Landowners should be very happy. The zoning changes will increase land values.
The area is larger now. This plan will replace the former West Mt. Diablo Specific Plan.
Key Changes to Development Guidelines
My thoughts below:
Owners should look to their neighbors and decide how to combine lots for larger developments.
Specifically for Oakland Boulevard, where several office buildings sit, the plan proposes that the street be improved adding sidewalks and parallel parking. Currently that segment of Oakland between Mt. Diablo and Almond looks and feels like unincorporated Walnut Creek. Street improvements will add the perception that the buildings will become more accessible to BART.
Our company is investing time looking at both residential and office properties for investors and developers and have our eye on this West Downtown Specific plan.
Stay tuned for more updates.