Ellis, Intercontinental Break Ground on Bay Area Office Tower

The Key at 12th will contain more than 300,000 square feet of office and retail space, and is expected to be complete by late 2019.
A joint venture between Ellis Partners and Intercontinental Real Estate Corp. has begun construction on The Key at 12th, a Class A office development in Oakland, Calif. The project is planned around the city’s historic Key System Building, constructed in 1911, which will be fully renovated and integrated into the tower. Construction is expected to be complete, and the building occupied, by late 2019. The developers purchased the development site for $9.5 million in March 2017, according to public records…

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