Construction has just been completed on the 172-room Moxy Oakland Downtown, a boutique lodging that will represent a rarity for the East Bay’s largest city: one of the first new hotel projects in Oakland in roughly a decade.
The hotel was jointly developed by Tidewater Capital, a San Francisco-based real estate firm with both development and investment expertise; and Graves Hospitality, a hotel management firm with veteran expertise.
The hotel is located in Oakland’s Uptown, a neighborhood of restaurants, nightspots, entertainment hubs, cocktail lounges, and theaters.
Moxy is one of Marriott’s brands and typically features smaller rooms and appeals to younger guests.
Tidewater Capital and Graves Hospitality built the hotel in what is known as an opportunity zone, which is a lower-income area where property investments can be made with considerable tax advantages.
The hotel was built using modular construction, a sustainable building approach that can create a more efficient construction process. Tidewater reduced the construction time by 25% using the modular technique.
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Gary Fleisher, Managing Director and contributor of the Modcoach Network and its blogs.
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