Preliminary permits have been filed to convert a five-story hotel into housing at 988 Broadway in Downtown Oakland, Alameda County. The development could transform the Oakland Courtyard By Marriott into a 64-unit apartment complex. Core Capital Investments and Gaw Capital are jointly responsible for the application.
988 Broadway, image via Google Street View
The project looks to transform the 162-room hotel with minimal changes to the overall structure. The ground floor will still include 2,715 square feet of commercial retail space next to the repurposed lobby and residential amenities. The amenities will include the community room, fitness center, and bicycle parking.
The plan is looking to produce 64 units, including eight studios, 24 one-bedrooms, 16 two-bedrooms, and 16 three-bedrooms. Seven units will be deed-restricted for low-income households earning around 50%-80% of the area’s median income.
988 Broadway, rendering by Steinberg Hart
988 Broadway facade elevations, illustration by Steinberg Hart
Steinberg Hart is responsible for the design. The reskinned facade will include a base of limestone cladding on the ground floor, plaster finish around the middle floors, and a darker mansard zinc roof.
Public records show the property last sold in October 2024 for $10.6 million. According to documents published with this application, the original hotel was built in 2002 and designed by Patri Merker Architects and YH Lee Associates.
988 Broadway apartment sample floor plans, rendering by Steinberg Hart
988 Broadway, image via Google Satellite
The 0.86-acre property is located at the corner of 9th Street and Broadway, nestled between the historic Old Oakland neighborhood and Chinatown. The building is a block away from the much larger Oakland Marriott City Center, a 21-story hotel connected to the Oakland Convention Center. Future residents would be just a block away from the 12th Street BART Station.
The preliminary application invokes Senate Bill 330 to streamline the approval process. The estimated cost and timeline for construction have not yet been shared.
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Good project. While they’re at it, they should convert the Trans Pacific Centre next door. It has something like 70% vacancy.
For a long time SF was around 30% more expensive than Oakland. It’s now almost 90% higher! Mostly AI boom, but also lack of demand for Oakland.
It’s also because Oakland massively built housing at scale between 2015 and 2020. Supply and Demand works.
True, but so did SF. Per an AI search, from 2015-2025: SF built ~30,000–40,000 and Oakland built ~10,000–20,000.
SF is double the size already, so from a net increase as percent of population they built around the same.
And yet SF is 90% more expensive.
Not a good situation for Oakland, sadly. Losing sports teams, downtown and JLS are dead, hotels are closing including brand new bets on Oakland like MOXY, Oakland airport is tanking in terms of usage.
I want Oakland to succeed but it’s not.
Looks great and would be a welcome upgrade for downtown Oakland. Curious though to know how they are underwriting limestone on the exterior. Hopefully they really seem the demand flow from SF to Oakland.
We need to see more of this type conversions. It’s too bad nobody thought to do this to the Hilton located on Hegenberger. While I understand that was a massive property, and maybe not ideal to purchase, one of the buildings could have been used as transitional housing, while another for low income seniors and families. The lobby and office spaces could have been used to provide social servcies for all residents and the large commerican kitchen could you been used to train in the culinary arts while helping to feed the residents who live there for a small fee.