RUBICON POINT PARTNERS ACQUIRES HISTORIC ROTUNDA BUILDING “JEWEL IN THE CROWN OF OAKLAND” | national news
OAKLAND, California and SAN FRANCISCO, January 24, 2022 /PRNewswire/ — Rubicon Point Partners (“Rubicon”), a women’s and minority-owned real estate firm specializing in transformative investments, announced its recent acquisition of the iconic Downtown Rotunda Building Oakland of Rotunda Partners II, which has owned the building since 1999 and will continue as a minority owner. Showcasing some of the best examples of Beaux-Arts architecture in the Bay Area, the building also features a four-story parking lot.
Rubicon plans to roll out its “Work From Here” program and implement a sustainability plan to reduce the building’s carbon footprint.
The “Work From Here” program focuses on creating workspaces arranged in a way not available at home, emphasizing the health and well-being of employees while allowing employers to better work. adapt to a hybrid workforce. Rubicon plans to introduce a state-of-the-art fitness center, enhanced common areas, hybrid digital conferencing and collaboration infrastructure.
“We are honored and humbled to be stewards of the beautiful and historic Rotonde. We look forward to implementing an improvement plan that will honor its history but also modernize it to allow a new generation of businesses to thrive” , said Ani Vartanyan, co-manager of Rubicon. “We are especially excited to work with key stakeholders to activate Frank Ogawa Plaza and integrate it into the interior space of the building. This indoor-outdoor environment is rare in urban settings like downtown. Oakland.”
Located at Frank Ogawa Plaza in front of City Hall at Downtown Oakland, the property was built in 1912 and originally designed by Bay Area architect Charles Dicky, which installed a spectacular elliptical glass dome in the interior atrium. At the time, the dome was said to be the largest of its kind. He was also known for developing a diverse architectural style, fusing elements of Hawaiian and Beaux-Arts design. Dickey’s Most Recognizable California creations, the Oakland Rotunda Building and the Claremont Hotel, are proudly listed on the National Register of Historic Places.
In the early 2000s, the Rotunda’s previous property strengthened its structure with a comprehensive seismic retrofit after the 1989 Loma Prieta earthquake, transforming it into one of the safest historic spaces in Downtown Oakland. “We selected Rubicon because of their track record in transforming historic assets and believe they will be excellent stewards of this. Oakland gem,” said Phil Tagami, one of the managing partners of Rotunda Partners II.
Rubicon purchased the eight-story property through the Rubicon First Ascent Fund, seeing an opportunity to simultaneously preserve a Oakland treasure while reducing its environmental impact. The company has taken care of transforming similar historic spaces of California at Washington over the past decade such as 450 Shotwell, the Storek Building, 1125 Mission Street and Masin Block.
Rubicon plans to continue to offer the building as an event space for galas and events that benefit the City and are essential to the success of the people of Oakland.
“Being good stewards of the environment is important to us at Rubicon. In addition to upgrading the roundhouse, we plan to reduce the building’s carbon footprint in the process. We hope the roundhouse building will serve as a model for the how historic spaces can remain sustainable for future generations,” said Boladian Razmig, co-manager of Rubicon. “Our playbook at the Rotunda Building involves investing in building systems and deploying our technology stack, including machine learning utility management systems. carbon footprint of the building.”
About Rubicon Point Partners
When workspaces require out-of-the-box innovation, Rubicon offers creative, environmentally friendly and socially responsible solutions. Since its creation, the San FranciscoThe women- and minority-owned investment firm has transformed more than 2 million square feet of space to sustainably house businesses of all sizes, paving the way for future generations of talented leaders, thinkers and creators . Learn more about Rubicon Point Partners at rubiconpoint.com
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SOURCE Rubicon Point Partners