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Webster Eleven

Oakland, CA · Multifamily · Active

2021 Real Estate Deal of the Year — San Francisco Business Times
Now leasing — visit the property site
Webster Eleven at dusk, an eight-story apartment building on a downtown Oakland corner with lit ground-floor retail
Units
333
Gross SF
340,000
Delivered
2021
Overview

Webster Eleven is 333 market-rate residences over ground-floor retail in downtown Oakland.

Challenge
The block at Webster and 11th, a former car dealership in downtown Oakland, was leased to a school and a parking lot. Building housing there meant a large environmental cleanup in the middle of the city.
Vision
We remediated the block and built 333 homes over ground-floor retail, with Julie Chang's "Interwoven" running along the street-level facade.
Results
Delivered in 2021 with Brookfield, after more than ninety community meetings. Named a 2021 Real Estate Deal of the Year by the San Francisco Business Times.
Placemaking

Interwoven

"Interwoven," a 10,000-square-foot public artwork by Julie Chang, who designed the Grand Hall floor at San Francisco's Transbay Terminal, fabricated with Oakland's Magnolia Editions. The piece draws on the symbols of Oakland's Chinatown and the layered identity of The Town.

Commissioned artist · Julie Chang

Capital & Project Team

Equity
Brookfield
Debt
CIT, Otera
Architect
BDE Architecture
General Contractor
Johnstone Moyer Inc.

In the press

Webster Eleven Named Real Estate Deal of the Year

Webster Eleven Identity

CIT Serves as Sole Lead Arranger on $107.5MM for Oakland Residential Project

Huge Landlord Brookfield Invests in New 333-Unit Oakland Apartment Project

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