Acquired: April 2010 from California Bank & Trust
Property description: 80,000 sq. ft., 10 story office building
History: Built from 1903-1911 by legendary industrial tycoon F.M. “Borax” Smith, this building, located in the heart of Oakland near City, State, and Federal government, BART, and AC Transit, boasts Carrera marble interiors, high ceilings, large operable windows, and historic light fixtures and oak finishes.
Redevelopment: ODI repaired the roof, fire alarm, and plumbing systems, and restored the ceiling in all vacant office space to its original height. It performed a “deep clean” of the entire building, renovating bathrooms, polishing marble, and restoring 1440’s original early 20th century charm. ODI put significant investments in new retail spaces for local apparel company Oaklandish and Bittersweet Cafe, providing nice amenities for tenants and improving the image of the building and area.
Current status: This property was sold to another developer.