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Central Oakland is bordered by Schenley Park, the Boulevard of the Allies, Fifth Avenue, and Halket Street.Many students at the University of Pittsburgh who decide to live off-campus reside in this neighborhood.Although the campus of Carnegie Mellon University and parts of Schenley Park, including Phipps Conservatory & Botanical Gardens and Flagstaff Hill are popularly referred to as being in Oakland, and are located with the 15213 zip code, they are actually part of the adjacent neighborhood of Squirrel Hill North.The border between Oakland and Squirrel Hill runs along Junction Hollow.Many of its homes are historic masonry structures dating from the turn of the century. Its Main Business District runs along Forbes and Fifth Avenue, and contains a diversity of restaurants, retailers, and financial services.These businesses are organized by the Oakland Business Improvement District (OBID).
It is also the location of the relatively isolated and historic neighborhood of Panther Hollow which runs along Boundary Street in Junction Hollow as well as the Oakland Square Historic District.The name first appeared in 1839 in a local paper, Harris' Intelligencer.The area got its name from the abundance of oak trees found on the farm of William Eichenbaum, who settled there in 1840.and the Jones & Laughlin Steel Co., but presently, the Pittsburgh Technology Center hosts facilities such as the Entertainment Technology Center of Carnegie Mellon University.Some residents of Central Oakland think of their neighborhood as being part of South Oakland.
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RAND's Pittsburgh center is located in North Oakland as well as the long time RIDC business incubator on Henry Street.