A new Marriott-owned hotel is quickly rising at 1431 Jefferson Street, just two blocks from Frank H. Ogawa Plaza in Downtown Oakland. The concrete structure has reached the half-way point in its march to the 18th floor. Once complete, it’ll open up 276 hotel rooms, of which roughly half will be managed by a Marriott Residence Inn and the other half by the Marriott-owned AC Hotel. Hawkins Way Capital is responsible for the development after fully purchasing the property in 2019 for $30 million.
The 189-foot structure will top out as one of the taller buildings in the city, though nowhere near the tallest. From its hotel capacity, 143 rooms between levels three and eleven will be managed by the Marriott Residence Inn, ranging from studios to one-bedroom suites. AC Hotel will manage the remaining 133 guest rooms across the upper floors. AC Hotel is marketed toward short-term visitors looking for higher-end amenities and finishes.
The structure will yield 175,910 square feet of conditioned area, of which 1,600 square feet will produce ground-level retail. A 35,700 square foot parking garage will have a capacity for 98 vehicles.
Stanton Architecture is responsible for the design. The structure is made of acrylic surface paneling with metallic finishes and fiber cement panels, with silver metal shader fins along some windows. The ground-level facade has 15-foot high transparent windows framed with prodema paneling and a textured stone surface.
The project is located within a federally recognized opportunity zone, a national program with 8,700 zones for offering incentives to investors and developers. This provides tax advantages, including deferral or elimination of capital gains tax, enabled by the 2017 federal tax cut.
With development on track, the building can be expected to open in 2021, or early 2022 at the latest.