OLD MOTHER'S COOKIES LOFTS
Old Mother's Cookies Lofts is a 21-unit live/work loft building which formerly housed the Mother’s Cookies bakery and warehouse.
ASSET TYPE
Live/Work Residential Lofts
SIZE
21 Units
33,000 square feet
LOCATION
Oakland, CA
ACQUISITION DATE
December 2015
SALE DATE
November 2017
Rev Projects transformed the units in the project from weathered, dark artist lofts into upgraded "lifestyle" lofts for the new class of creative tenants entering Oakland. The renovation took place in just 18 months, significantly ahead of schedule, and Rev Projects exited the investment in November 2017 with returns to investors that far outperformed original projections.
Unlike most residential properties, OMC Lofts has an industrial, raw character--highly valued among creative tenants in the Oakland market. Original maple wood beams, exposed brick, and metal bracing make up the fabric of the entire building. Many features were maintained, like the hatch to the original oven door, or the industrial scale that was used to measure dry goods.
INDUSTRIAL
CHARACTER
HISTORY
OMC Lofts was converted from the original Mother’s Cookies factory, a local Oakland business widely known for its desserts and snacks. In 1922, Mother’s Cookies purchased the property and constructed several buildings from 1922 to 1949 that served as the corporate office, warehouse and bakery. Many of the original factory features such as the original cookie ovens, weight scales and delivery doors have been carefully preserved.
LIVE & WORK
The zoning allows flexibility for any of the units to be utilized as strictly residential or as live-work spaces. The lofts are highly valued by entrepreneurs, artists, and makers, who use the open spaces to express themselves and start and grow businesses. Each units is open and expansive, with abundant natural light from the skylights scattered throughout the buildings.
