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  #1  
Old Posted Sep 5, 2008, 5:03 PM
BTinSF BTinSF is offline
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OAKLAND, CA | 601 City Center | 367 FT / 112 M | 24 FLOORS


Source: http://www.601citycenter.com/#

Quote:
Friday, September 5, 2008
Shorenstein to start Oakland office tower
San Francisco Business Times - by Blanca Torres

Shorenstein Properties expects to break ground in the next few weeks on 601 City Center, a 23-story office tower encompassing 500,000 square feet, with hopes that Oakland’s weak office market will rebound by the time the building is ready in 2010.

Downtown Oakland’s proximity to BART, mild climate and lower cost of doing business continue to draw in new companies and employers — many of which want to move into shiny new buildings.

“You’re better off to start a building in a bad market and open it in a good market than trying to start a building at the top of the market,” said John Dolby, who handles leasing for Shorenstein. “Our goal is to get tenants from outside of Oakland, who can be in San Francisco or on the Peninsula (and are) getting pushed out or need to expand or want to be in newer space.”

Shorenstein is building on spec. The site is across the street from another Shorenstein property, 555 City Center, that was built in 2002 and has attracted tenants including Ask.com and Matson.

“It’s going to be a beautiful addition to the skyline,” said Deborah Acosta, who handles office real estate for Oakland’s Community and Economic Development Agency. “We’re really looking forward to the type of tenant they are going to be able to attract with that building.”

Like much of the real estate industry, the office market is slow right now, but not in all segments. The vacancy rate for Class A space in downtown Oakland is 12.8 percent, according to a recent report from Cornish & Carey Commercial.

“There isn’t a lot of opportunity for major players to find space in Oakland,” said Larry Westland, senior vice president with TRI Commercial in Oakland. “Shorenstein is starting their building at just the right time. They will have no trouble finding an anchor tenant or filling the building.”

New Class A space is coming online in several projects. Brandywine Realty Trust had just completed its 215,000-square-foot building at 2100 Franklin St. before selling the building to CIM Group in July. That project has yet to sign any leases.

SKS Investments continues its search for an anchor tenant for a 20-story tower at 1100 Broadway. Ellis Partners is still shopping space at its 320,000-square-foot office building in Jack London Square.

“Developers like Shorenstein and SKS are really ahead of the curve by four or five years,” Acosta said. “When (companies) are looking to lower costs, they look for a place with a similar feel to San Francisco, so Oakland becomes a natural place to look.”


btorres@bizjournals.com / (415) 288-4960
More renderings: http://www.601citycenter.com/renderings.php

Quote:
Fact Sheet

Gross Square Footage
767,791
(includes 120,000 sq. ft. of underground parking)
Rentable Square Footage
596,767
Average Rentable Floor Size
26,400
Number of Tenant Floors
23 (1-12, 14-24)
Number of Mechanical Floors
1 (Mechanical Penthouse Level)
Elevators
Elevator Banks: 3
Passenger Elevators:11
Parking Shuttle: 2
Freight/Service: 1
Parking
Striped: 213
(Includes 9 tandem standard & compact spaces)
Motorcycles: 26 (12 on P2 & 14 on P1)
Bicycles: 58 (on P1)
Mechanical Engineering System Facts
HVAC:
Boilers -3 Qty
BTU's/Boiler - 4,500,000
Fuel Source - Natural Gas
Chillers - 3 Qty
Tons/Chiller: (2) 500-ton & (1) 200-ton

Life Safety:
Sprinkler (Percentage) - 100%
Life Safety System - EST
Back-up Water: 22,500 gallons

Emergency Generator:
Size - 1625 kVA
KW Rating - 1300 kW
Fuel Capacity: 600 gallons
Supplemental Cooling Provision:
24-hr Condenser water stubout is provided at each floor to provide supplemental cooling for tenant use.

Green Facts
When completed, the 23-story 601 City Center will incorporate a number of green design strategies. These strategies were integrated into the building to achieve LEED Certification, and to provide an environmentally sensitive workspace for its tenants and visitors.
The building will be designed to have a reduced impact on the environment while creating healthy, daylight-filled workspaces for the occupants.
The following will be incorporated into the building design.
The selected site of 601 City Center in downtown Oakland meets a number of criteria identified by the LEED rating system as having a low environmental impact:
Access to Public Transit: 601 City Center is being developed in an urban area and providing easy access to public transportation. 601 City Center is located in the downtown core area of Oakland and access to the BART system is less than 1⁄4 mile away. See commuting options on OaklandCityCenter.com.
Parking: All of the parking provided on site will be in two underground levels thereby eliminating any need for surface lots. Preferred parking will be provided for vanpools and low-emitting vehicles. Also, the parking will not exceed local zoning requirements. Find parking information on OaklandCityCenter.com.
Green Roof: A notable feature of 601 City Center is the green roof over its two one-story buildings. These one-story buildings contain the loading dock and a portion of the building lobby. The green roof will help reduce the impact on the environment in a number of ways. During storms, the green roofs will slow down the discharge of storm water into the storm drain system. In addition, the roofs will reduce impurities in the storm water. The green roofs also reduce the urban heat island effect by providing a roof surface that will not absorb and radiate heat. To reduce the impact on water usage, the roofs will contain native and drought tolerant planting.
Water Efficiency: The building employs a number of strategies to reduce the water usage. In the restrooms, low-flow and ultra low flow fixtures will be used to reduce the water usage by 30% compared to average buildings. In addition, the landscaping will comprise of high-efficiency irrigation and drought tolerant plantings to reduce the use of water.
Energy and Atmosphere: To reduce the energy usage of the building, a number of cutting edge technologies will be employed. The glazing, a major factor in energy usage, will consist of dual paned, low emissivity, tinted glazing. This glazing employs recent advances in glazing technology. The low-emissivity coating reduces the amount of solar heat gain while allowing a large percentage of daylight in to create light filled interiors. As the solar heat gain is reduced, the demand on the air-conditioning systems is also reduced.
Building Materials: The structural steel used in the construction of 601 City Center will have greater than 70 percent post-consumer recycled steel.
Source: http://www.601citycenter.com/factsheet.php#
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  #2  
Old Posted Sep 5, 2008, 5:52 PM
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I wasn't expecting them to build on spec, but alright Shorenstein! My only complaint about this building is that it's the same height as all the other buildings on the north edge of downtown. At least this one sits another block up from the wall along Jefferson.
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  #3  
Old Posted Sep 25, 2008, 5:49 PM
Minorthreat Minorthreat is offline
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Looks like Walters and Wolf Glass + Precast will be doing this job together. Will be a very nice addition to the downtown Oakland skyline.
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  #4  
Old Posted Oct 2, 2008, 7:32 PM
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According to the Oakland Tribune, this one already broke ground:

Quote:
By Kelly Rayburn
Oakland Tribune
Article Launched: 10/01/2008 07:13:59 PM PDT

OAKLAND — Developers broke ground Wednesday on a planned 23-story office tower at Oakland City Center.

The groundbreaking ceremony — replete with a live band and lunch for the more than 100 attendees — came as the nation wrestles with a financial crisis of enormous magnitude.

But Shorenstein Properties and MetLife Real Estate Investments still believe their project will be a success.

"Obviously the economy is in a tough patch," Shorenstein President Glenn Shannon said. "But the reality is that in large, downtown office developments, the development cycle is three to four years and you almost never start and finish in the same cycle.

"Our view is that you that come up with a quality product in a location that has long-term value and "... you deliver a product that, over a long-term haul, is going to perform well."

Mayor Ron Dellums said the companies' commitment in a tough economy was a powerful statement in the confidence they have in Oakland's future.

The tower, 601 City Center, will be diagonally across from the Ronald V. Dellums Federal Building at Jefferson and 12th streets.

The mayor noted it will block the view of the building that bears his name.

"That's OK," he said. "It's a small price to pay as we take Oakland forward." Dellums said he expects the building to bring 1,000 new jobs with it.

Executives aim to have 601 City Center completed in fall 2010 and said it will include 596,767 square feet of office space and ground-level retail. It also will include some environmentally friendly features, from rooftop gardens to energy-saving windows. Shorenstein said it will be one of the largest "green" office buildings in the East Bay.

"We think it's going to be the best building in the city and we're real proud to be doing it," said Todd Sklar, a Shorenstein senior vice president.

The building is being designed by Ted Korth of Korth Sunseri Hagey Architects of San Francisco. Korth also designed 555 City Center, another Shorenstein project, completed in 2002 that, according to Shannon, has an occupancy rate of about 95 percent.

Shannon pointed to that building's success when questioned about the impact the economy might have on 601 City Center.

"In good markets and bad markets people go to a high-quality product," he said.

"That's our view."

Contact Kelly Rayburn at 510-208-6435 or krayburn@bayareanewsgroup.com.
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  #5  
Old Posted Oct 3, 2008, 4:50 PM
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Great news! One of our East Bay correspondents will have to drop by occasionally to keep us updated.
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Last edited by peanut gallery; Oct 4, 2008 at 4:28 AM.
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  #6  
Old Posted Oct 4, 2008, 4:04 AM
AndrewK AndrewK is offline
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i just started working a couple blocks away (at 8th and broadway) so ill keep you guys updated on the progress.
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  #7  
Old Posted Oct 4, 2008, 4:29 AM
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Look forward to it, Andrew. Thanks!
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  #8  
Old Posted Oct 4, 2008, 6:47 PM
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Here's the Chronicle's take from Thursday, also confirming a Wednesday ground-breaking and including a render from another angle:

Quote:


Ground broken for high-rise in Oakland
Christopher Heredia, Chronicle Staff Writer
Thursday, October 2, 2008


Oakland officials broke ground Wednesday on the city's first high-rise in six years, a 23-story office tower in the middle of downtown that is expected to create 1,000 jobs when it opens in two years.

Mayor Ron Dellums and officials from Shorenstein Co. and the Metropolitan Life Insurance Co. said the $240 million project, known as 601 City Center, will help boost the Bay Area economy, despite rising unemployment, high gas and food prices and a national credit crunch.

"We've always done well in Oakland, and we believe 601 City Center will do equally well," said Tom Hart, executive vice president of Shorenstein, noting that most of the company's current office space in Oakland is leased.

"This is a major undertaking for us," added Glenn Shannon, president of Shorenstein, "and it demonstrates our ongoing commitment to and confidence in Oakland."

As gas prices hover at $4 a gallon and city and county planners focus on developing jobs and housing near transit and the urban core, the new high-rise at 12th and Jefferson streets will encourage workers to get out of their cars and take rail to work, or live near the office, officials said.

The new high-rise will be adjacent to 555 City Center, a 21-story building completed in 2002 by Shorenstein, which is based in San Francisco.

Dellums called the project an example of smart planning and sustainable growth. Shorenstein and Metropolitan Life have committed to contributing $2 million from the project to the city's affordable housing fund.

"This has significance far beyond this particular moment," Dellums said. "I want to express my profound gratitude to Shorenstein and MetLife for their willingness and vision to bring this project to fruition at this moment, given the difficulty of the economics of this country. This is a magnificent statement with respect to the confidence that they have in the evolution of Oakland going forward."

Shorenstein officials said they will seek LEED gold certification from the U.S. Green Building Council for 601 City Center, which would make it one of the largest green office buildings in the East Bay. The high-rise will be built from mostly recycled steel.

Its double-paned, tinted glass facade will reduce demand on the building's cooling system, and it will have two roofs covered by native and drought-resistant plants that will help absorb heat and filter rain runoff.

"We welcome the office space," said Council President Ignacio De La Fuente, who attended Wednesday's groundbreaking. "We're not famous for tall buildings, but we're getting there."

Specs for new Oakland high-rise

601 City Center, at 12th and Jefferson streets, is the first high-rise to be built in Oakland since 2002. It is scheduled for completion in late 2010.

-- Stories: 23
-- Cost: $240 million
-- Office space: 597,000 square feet
-- Green construction: recycled steel; tinted, double-paned glass; roofs with heat-absorbing vegetation; water-saving fixtures
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  #9  
Old Posted Nov 2, 2008, 6:25 PM
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they are currently moving dirt, according to a guy on the excavation crew they are ten feet down with twenty more to go. apparently they have hit some pretty thick foundation from an old school that used to be on that plot which was torn down in the 40's. ill try to remember to bring my camera when i go in on tuesday.
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  #10  
Old Posted Nov 3, 2008, 12:49 AM
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isnt this being built on spec?

how can this progress and 535 mission stall in sf? is there demand for office in oakland right now?!

not that im complaining this is going up - just seems impossible in this market.
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  #11  
Old Posted Nov 3, 2008, 5:16 PM
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Andrew - thanks for the update. Look forward to the photos.

northbay - it does seem odd. Hopefully, it will stay on track.
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Old Posted Nov 7, 2008, 8:06 AM
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There is high demand for class A office space in Downtown Oakland right now. There's lots of class B but not A. I do believe that there will continue to be demand for this space because Oakland is a better deal financially for office users than SF. Also, Downtown Oakland in general is doing very well and is on a constant upswing. For example, 400,000 sq. feet of retail has been leased up Downtown in the past 5 years. The vacancy rate for retail has dropped from a painfully high 27% to about 5% or less in just 5 years. Oakland is the new Brooklyn.
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Old Posted Nov 7, 2008, 11:38 PM
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Quote:
Originally Posted by northbay420 View Post
isnt this being built on spec?

how can this progress and 535 mission stall in sf? is there demand for office in oakland right now?!

not that im complaining this is going up - just seems impossible in this market.

The job is going at it 100% all funding is already there. The building as it stands will not stall.
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  #14  
Old Posted Nov 16, 2008, 1:17 AM
leftopolis leftopolis is offline
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Quote:
Originally Posted by Minorthreat View Post
The job is going at it 100% all funding is already there. The building as it stands will not stall.
Going from memory here, but it's my understanding that it is possible to have demand in OAK while demand might be financially questionable in SF concurrently. I believe in part, it has to do with lower rates in OAK. Thus during an economic downturn, companies that are doing reasonably well but must nevertheless be extra frugal--could rent/lease in the more affordable Oak-town.
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Old Posted Jan 16, 2009, 10:57 PM
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Quote:
Originally Posted by Minorthreat View Post
The job is going at it 100% all funding is already there. The building as it stands will not stall.

I retract my previous statement
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  #16  
Old Posted Jan 24, 2009, 7:10 AM
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Quote:
Friday, January 23, 2009, 2:08pm PST | Modified: Friday, January 23, 2009, 4:46pm
Shorenstein stalls tower construction
San Francisco Business Times - by Blanca Torres

Shorenstein Properties dealt Oakland’s office market a blow by stalling construction on a 23-story office tower encompassing 500,000 square feet at 601 City Center.

Tom Hart, executive vice president of Shorenstein, said the firm decided to delay construction of the Class A building because of the severe economic downturn and would like to resume construction “as soon as possible.”

“The crisis is global — it’s not just Oakland, it’s not just the Bay Area,” he said. “The prudent thing to do is to wait until the economy stabilizes.”

Shorenstein began the building on spec back in September with funding from MetLife Real Estate Investments, which Hart said is still committed to the project. Oct. 1 was the deadline for the developer to start construction under a $5.2 million purchase agreement with the city redevelopment agency for the site. At the time of the groundbreaking, the firm predicted construction would wrap up by fall 2010.

Hart said it is unclear how long the delay will last. In the meantime, Shorenstein will continue marketing the building in hopes of landing some tenants. “We’re going to wait for normalcy in the market or until we have a lease in hand with an anchor tenant or we’re close to one and feel confident we can get one,” Hart said.

Shorenstein is one of the largest office landlords in Oakland with more than 3.5 million square feet of space in 10 buildings at its City Center complex located next to Oakland’s City Hall.

Across the street from the site of 601 City is Center is another tower, 555 City Center, that Shorenstein built in 2002 at the time of another downturn. City Center has attracted tenants such as Ask.com, Matson and American President Lines, a logistics and shipping company that announced earlier this month it is moving to Phoenix.

APL leases more than 140,000 square feet 1111 Broadway, which could be difficult to fill given current market conditions, industry experts said.

Another developer, SKS Investments, is also shopping for an anchor tenant for a 300,000 square foot building it wants to construct at 1100 Broadway, just a few blocks from 601 City Center.

btorres@bizjournals.com / (415) 288-4960
Source: http://sanfrancisco.bizjournals.com/...ml?t=printable
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  #17  
Old Posted Mar 18, 2009, 4:08 AM
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I thought I'd swing by the site today and see what had been done. Maybe it can be leased as a giant mud wrastling ring.

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  #18  
Old Posted Mar 19, 2009, 5:54 PM
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Bummer. Too bad a baseball stadium can't fit there.
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  #19  
Old Posted Jun 5, 2016, 3:41 AM
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Waylaid Oakland Tower Project Back on Track, Retail Added

Quote:
March 21, 2016

Back in the year 2000, the plans for the Oakland City Center Project, a 2.2 million square foot development of four Downtown blocks between 11th and 14th Streets, were preliminary approved.

While two of the blocks have since been developed, the 1.4 acre ‘Block T12′ parcel – which is bounded by 11th Street to the south, 12th Street to the north, Martin Luther King Jr Way to the west and Jefferson Street to the east – has sat partially excavated since 2008, when Shorenstein Properties’ construction of a 26-story office tower to rise up to 390 feet on the site were abandoned.

Shorenstein’s plans for a tower to rise on the Block 12 parcel, which is also known as 601 12th Street or 601 City Center, have since been dusted off. And as proposed and environmentally approved last week, a 24-story tower will now rise up to 367 feet in height on the site, with 9,500 square feet of ground‐level retail space (none of which had previously been envisioned) and two public plazas, the largest of which would be located at the corner of 11th Street and Martin Luther King Jr Way.

And while 23 feet shorter than originally approved, the revised design will yield 597,500 square feet of overall building space, which is 13,500 more than originally designed. But the building’s underground garage was reduced from 220 to 205 spaces.

If the revised plans are approved, Shorenstein plans to start construction “as soon as possible,” which could be as early as this Spring.
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  #20  
Old Posted Jun 5, 2016, 4:44 AM
cv94117 cv94117 is online now
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Doesn't this belong in the Bay Area projects section?
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