Oakland, CA (January 17, 2019) – Embarcadero Capital Partners (“ECP”), a leading commercial real estate investment, development, and management firm, announced today that the company has completed its transformation of 519 17th Street in downtown Oakland into a distinctive creative office destination, 519 Uptown. The Honorable Libby Schaaf, Mayor of Oakland and a strong supporter of the project, gave remarks and cut the ceremonial ribbon at a lunchtime event celebrating the building’s grand premiere yesterday, January 16, 2019.
The seven-story, 63,214 square foot building, with its iconic art deco façade and rich history, has played an important role in the Oakland community for decades. It was originally built in 1928 as the Dufwin Theatre by legendary Bay Area theatrical producer Henry Duffy and his wife Dale Winter, a celebrated actress. In 1930 it was reborn as the Roxie Theatre and served as a favorite Bay Area venue for glamorous movie premieres. In the 1980s the Roxie Theatre closed, was partially converted into a Class B office building, and became a forgotten treasure of Oakland’s past. The building eventually slipped into receivership before being acquired by ECP in late 2016.
To help realize its vision, ECP engaged Brereton Architects and general contractor Build Group. Together they set off on a collaborative effort to preserve and highlight many of the building’s unique characteristics including the historic art deco façade while enlivening the interior spaces. Design features include a soaring two-story lobby, new window openings, completely modernized building systems, and exterior roof decks with stunning views of downtown Oakland, the San Francisco Bay, and the University of California, Berkeley. ECP commissioned Oakland-based artist Mark Bulwinkle to forge an expansive threedimensional mixed-media art piece for the building’s lobby. The whimsical work in cut steel, entitled My Song of Oakland, invigorates the entry with a colorful collection of regional iconography – all painted and meticulously composed to create a dramatic visual experience. ECP also added attractive amenities to boost employee recruiting and retention including showers, a bike spa, common conference facilities, and Wi-Fienabled community areas.
“We saw the potential and seized the opportunity to acquire this extraordinary asset when the Oakland market was just about to heat up,” said Andrew Brown, Director of Leasing at ECP. “Our team did an amazing job executing on that vision and we are proud to introduce this exceptional product to the market.”
519 Uptown’s location in the heart of Oakland’s Uptown district takes full advantage of the city’s dynamic dining, entertainment, and retail scene. The property also provides excellent transit options with immediate access to the entire Bay Area on BART and AC Transit, as well as direct access to Interstates 80, 980, 880, 580, and Highway 24.
About Embarcadero Capital Partners
Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.