Known as the “1314 Franklin Street Site,” the full Downtown Oakland block bounded by 13th, 14th, Franklin and Webster Streets is currently covered by a 520-space parking garage and hit the market last year positioned as a prime 1.38-acre development site in the heart of the city.

While the marketing materials, and a number of reports at the time, noted that the parcel is principally zoned for building up to 175 feet in height, or up to 275 feet with a Conditional Use Permit, even bigger plans are in the works.

And in fact, plans for a 40-story tower to rise up to 399 feet in height on the western quarter of the block, with a seven-story base building across the rest of the site, have been drafted by SCB for Carmel Partners. And as envisioned and newly proposed, the development would yield 16,000 square feet of ground floor retail space and 630 dwelling units over a 598-car garage.