Bay Area
Post Salon to Discuss Proposal to Bring Costco to Oakland Community meeting to be held at City Hall, Thursday, Dec. 18
The proposed resolution would give authority to the City Administrator to negotiate terms for an exclusive negotiating agreement (ENA) with Deca Companies and Costco Wholesale Corporation to pursue a potential Costco development at 2008 Wake Ave. in the North Gateway Development Area of the former Oakland Army Base, adjacent to the Port of Oakland.
By Post Staff
The Oakland Post Salon will host a community meeting with District 3 City Councilmember Carroll Fife and city staff to discuss a proposal for building a Costco in Oakland.
The public meeting will be held Thursday, Dec. 18, from 6 p.m.-7:30 p.m. in City Council Chambers, Oakland City Hall, 3rd Floor at 1 Frank H. Ogawa Plaza in Oakland.
At the meeting, residents will have the opportunity to:
- Hear about a proposed resolution from Fife for Costco in Oakland
- Find out details from the City Administrator and Oakland’s Real Estate Division
- Ask questions, share ideas about benefits residents are looking for
- Make sure decision-makers know what residents need.
The proposed resolution would give authority to the City Administrator to negotiate terms for an exclusive negotiating agreement (ENA) with Deca Companies and Costco Wholesale Corporation to pursue a potential Costco development at 2008 Wake Ave. in the North Gateway Development Area of the former Oakland Army Base, adjacent to the Port of Oakland.
“As the D3 Council representative, my primary objective is to improve the lives of my constituents, who have endured generations of disinvestment and neglect,” said Fife. “For too long, our West Oakland community has lacked access to essential services, often forcing residents to leave Oakland to find quality options – including groceries. Our families deserve access to affordable groceries, and we want to keep those dollars and tax revenues within our city. This proposed ENA is an important step toward bringing a world-class retailer to Oakland and creating hundreds of good-paying jobs right here in District 3.”
Deca Companies, a San Francisco-based real estate investment and development firm, is leading the development project. Deca has extensive experience with major projects across California, including the redevelopment of the Phillips 66 Refinery in Southern California, large mixed-use California projects in Perris, Bakersfield, and Mead Valley; along with electric vehicle charging lots and industrial projects across the Bay Area and Southern California.
“We’re thrilled to be working with Councilmember Fife to bring a major grocery retailer to West Oakland,” said Travis Duncan, vice president of Deca Companies. “This project sends a clear message: Oakland is open for business. We’re proud to be part of the team working to help alleviate the food desert and bring affordable, high-quality groceries that can serve folks in Oakland and people from across the East Bay.”
Tony Beatty, longtime broker for Costco in the Bay Area noted, “While I cannot comment on the specifics of potential opportunities that are currently being evaluated, existing Costco locations in the Bay Area perform very well, and we have been looking at potential expansion opportunities where they can best serve their members.”
If approved by the full City Council, the City Administrator would be authorized to negotiate terms for an exclusive negotiating agreement with Deca Companies and Costco Wholesale Corporation, a critical first step. If negotiations are fruitful, the resulting ENA would come before the City Council for approval.
In the interim, community outreach and engagement will continue to ensure residents are included in the decision-making process in a meaningful way, according to a statement from Fife’s office.
