Swans Market Project Profile
The Historic Preservation of Swans Market started in 1996 when the Oakland Redevelopment Agency requested proposals from developers to renovate three blocks of the Old Oakland neighborhood. East Bay Asian Local Development Corporation (EBALDC) was selected to renovate the Swans Market "Swans Market Logo" block while other developers were selected for the other two blocks. In June1998, after being vacant for 15 years, renovation of the 1917 Landmark building began. The original buildings that made up the Swan’s Market have been renovated into three buildings around a courtyard. A unique mix of funding sources was assembled to finance the $20 million dollar development. Although sufficient funds were raised to complete most of the construction, the nonprofit sponsor launched a capital campaign to raise funds for restoration work that was cut from the project.
The mix of uses in the project includes:
• Cafe Metropolis, Suruki’s Japanese Restaurant and a third restaurant in negotiation;
• A new home for the seven fresh foods vendors in the Historic Housewives Market (relocated from a future condominium complex across the street). The Market includes venders of fish, meat, wine, sausage, produce, and Louisiana specialties.
• Chi Gallery, Olivera Gallery, PaperSong Gallery and the Museum of Children’s Art (MOCHA) concentrate Gallery space along the Swans Way courtyard.
• 18 one and two bedroom apartments with rents between $199 and $760 for families with incomes under 60% of the average median income.
• 20 “Cohousing” condominiums. These are condominiums in which potential buyers invest in the development in exchange for approval rights over the design program and amenities.
These uses are arranged around an out door courtyard on 9th Street that serves as an arts courtyard to compliment the Friday Farmers Market on 9th Street. There is a crafts market in Swans courtyard every Friday.
Swans Market continues the concentration of restaurants and cafes along Washington Street across from the Oakland convention center and the 100 year old Rattos Delicatessen. Located in Old Oakland between 9th and 10th Streets and between Washington and Clay Streets the now compliments the 98 unit Old Town Square condominium development located across the street and the 20 story office block under construction by the Shorenstein Company a block away. The site is also a block away from Oakland's Chinatown and five blocks from the increasingly successful Jack London Square.
East Bay Asian Local Development Corporation (EBALDC) is a private nonprofit corporation. EBALDC was formed in 1975 to provide affordable housing and to promote economic development in Oakland and the East Bay. EBALDC is currently responsible for development and management of almost 750 apartments and homes for low-income individuals and manages over 125,000 square feet of retail and office commercial space. Other EBALDC efforts underway include planning and organizing in Oakland’s East Lake neighborhood, asset building for low income people through the Individual Development Account (IDA) matched loan program. Other projects include a joint venture to redevelop a dilapidated Shopping Center into the “Jack London Gateway.” A second joint venture has completed 71 first time homeowner houses across the street. For more information on EBALDC see www.ebaldc.com.
Uses Summary:
Office Space: 17,000 sf
Store front retail: 25,000 sf & 18 parking spaces
Live/work rental: 1,000 sf
20 – Cohousing Condominiums w/1:1 parking
18 – Rentals at 50-60% median rents w/15 parking spaces (Parking is rented separately to reduce rents.)
 
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