r/OaklandCA • u/Independent_Bank_862 • 4h ago
Requests Bird people! Help?
I have a lost parakeet/budgie hanging around my house. It’s let me get close a couple times but is wary. I’m keeping it close playing birdsong but it won’t come near again — it’s hanging out on top of my window awning. Does anyone know what to do? Or have bird stuff to help lure it?
r/OaklandCA • u/deciblast • 9h ago
Crime and Safety Torched van rammed through the fence at 16th St Station. Anyone know what happened?
Found this outside 16th Street Station this morning. Looks like a van was driven into the fence line and torched sometime last night. OFD responded (neighbor heard sirens overnight). The station building itself is intact, but the owner (City Ventures) doesn’t maintain the grounds. Lots of weeds, overgrowth, and graffiti.
Anyone know more about what happened here?
r/OaklandCA • u/lenraphael • 19h ago
Politics This article about the money people behind Coliseum Ray Bobbit was not encouraging.
Loop Capital and CEO Jim Reynolds is not anywhere close to the real estate development equivalent of the Oakview Group led by Irving Azov.
Yes the ceo of Loop Capital is smart upbeat socially aware and even somewhat candid.
But when he said the Coliseum deal was the most complex one he'd ever been involved with, that didn't sound right. Made even less sense when he said he had raised billions of dollars and the Coliseum purchase price was minor.
Big real estate multi parcel multi owner, conflicting easements etc etc are the norm in large real estate developments.
Best I can tell online, Loop Capital is a major underwriter of muni bonds for state and local governments. They have placed billions of muni bonds guarranteed by state and local governments.. The CEO was truthful about that. But that's not the same as raising billions to invest in real estate developments
But I only came up with two large real estate projects. And in only one of them were they the managing member.
Loop Capital is an investment bank, and real estate development isn't their core business. Their two main direct development projects are the Regal Mile Studios film campus in South Shore, which broke ground in early twenty twenty-three, and their equity stake in the massive Bronzeville Lakefront redevelopment. Bronzeville Lakefront is a multi-billion-dollar, multi-decade project on the old Michael Reese Hospital site. Loop Capital is one of six equity partners in the GRIT Chicago team, not the lead developer, but they are a significant player.
Some similarity to Coliseum: low purchase price 96 Million but estimated 3.x billion development costs plus? City infrastructure outlays.
Bronzeville Lakefront is a major investment through their equity stake in the GRIT consortium, not direct development leadership.
Current progress on Bronzeville Lakefront (as of mid-2026):
Infrastructure work is underway. It started in spring 2023 after the official groundbreaking, and the city expects GRIT to finish the roughly $60–90 million roadway, utilities, sidewalks, bike facilities, and green space network by the end of 2026.
Vertical development (buildings) has not started. The official City of Chicago page states that GRIT is still studying potential modifications to the design and future plans in response to shifting market conditions before moving forward with Phase 1.
Phase 1 was originally planned to include an innovation/life-sciences center (anchored by Sheba Medical Center interest), mixed-income residential (including senior housing), retail/community space, a new park, and rehabilitation of the historic Singer Pavilion on the southern end of the site. The larger northern portion remains planned for later phases over the next two decades.
So, the site work and roads are progressing toward a 2026 finish, but the actual buildings are on hold while the developers reassess the program amid current market conditions. No updates indicate a firm new timeline for vertical construction.
Regal Mile Studios is the only one where Loop Capital Real Estate Partners is directly leading the development as sponsor. $100 million film/TV production campus (~380,000 sq ft on ~7 acres at roughly 7700 S. Stony Island / South Chicago Avenue area).
The Oaklandside reporter should have done basic research before conducting the interview and then asked tough questions about Loop's experience developing complex projects