Skip To Content

St. Marks

St. Marks, in the Chinatown section of downtown Oakland, sits at the intersection of history
and modern-day sustainability. When Fairstead acquired this century-old building — its
first deal outside New York — the company followed its already established playbook.
This generally starts with the securing of an extension to a community’s affordable status,
followed by investment in the property’s physical plant and eco-conscious profile.
At St. Marks that meant kicking off the most comprehensive rehabilitation program in
Fairstead’s portfolio with a complicated, year-and-a-half seismic retrofit that essentially
created a new foundation underneath the standing building. Some residents were
temporarily relocated to local hotels, but the building remained 80% occupied throughout
construction. Fairstead hired Mandarin-speaking liaisons to facilitate the work and lessen
confusion often associated with such dislocations.

The company then turned its attention to the installation of a solar roof, high-efficiency
lighting, new low-flow plumbing fixtures, and the conversion of gas-fired boilers to energy saving
heat pumps. That focus on the building’s carbon footprint has resulted in a cost
reduction of 30% over a two-year period.

In addition to benefitting from such high-impact renovations, St. Marks residents now have
access to a range of social services aimed at the needs of seniors, from health and wellness
to food security, from transportation to in-home care. They are likewise the beneficiaries of
Fairstead having taken over day-to-day, on-the-ground operations at the site, reflecting the
company’s core belief that property owners make the best property managers.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.