Photo: 1330 Broadway
Software tech giant Oracle has made plans to expand their presence in downtown Oakland by signing a lease to move into 1330 Broadway. The company will occupy the 17th floor of the 18-story building, a massive 16,000 square foot space that sits above the 12th St. BART station.
Last month, Uber announced it would be scaling back its East Bay presence at the Uptown Station from thousands of employees to only a few hundred. In 2015, Uber’s decision to move into Oakland had initially been a shock for the city, but now it seems like the idea has paved the way for other major tech companies to settle in.
“We’re pleased to see that Oracle is expanding its presence in Oakland, and has chosen 1330 Broadway as we are nearing completion of our redevelopment of the project,” David Cropper, director of development at TMG Partners told San Francisco Business Times. “We are proud to have restored this wonderful building while creating a home for one of the Bay Area’s most successful technology companies.”
Oracle plans to move their product development team into the new space. The decision was made, in part, to ease the commute time for employees who already live in the East Bay.
1330 Broadway was originally built in 1958, but recently underwent a major renovation by TMG Partners to modernize the elevators, bathrooms, lobby and the ground-floor facade to the tune of $30 million. They also added showers and bike parking for cyclists.
“Seventy percent of tenants in this building get here by foot, transit or bike — we really want to support that,” Adam Chall, a partner with TMG told SFBT.
Oracle is expected to move in sometime in the fall of this year.