This year, after months of studying the project at what he described as “a granular level,” Frank Middleton, the western regional director for Wood Partners, an apartment developer in Atlanta, gave the go-ahead for his company to buy City Walk for $5 million, a fraction of its projected cost. Shortly afterward, Wood Partners resumed work on the project, which is expected to cost a total of $55 million to finish and is being partly financed by a loan from the City of Oakland.
In Oakland, a Second Chance for a White Elephant
