Broadway is one of the main commercial corridors in Oakland, encompassing 3.25 miles from the base of the Oakland Hills to the Oakland Waterfront at Jack London Square. The commercial corridor mainly follows Broadway, although in certain areas it expands half a mile to capture Telegraph, Webster, Franklin and number of other streets that run parallel to the main artery.
Broadway has been identified as the city’s Rose Fellowship land use challenge because it encompasses 10 identified retail nodes, including one or two additional commercial portfolio developments that can be weighed on their own. Oakland has been experiencing a significant leakage of retail. In 2008, the Oakland Redevelopment Agency completed the Oakland Retail Enhancement Study, which comprehensively identified and studied 55 retail nodes in Oakland, assessing their current and potential retail capacity, including the mix of stores and other uses, customer base, sales, prospective development sites, and other analysis factors. The study also confirmed the viability for major new retail development in the Broadway/ Valdez area, part of the land use challenge study area.
The popularity of certain nodes within the Broadway study area has risen due to the completion of redevelopment funded projects such as the restoration of the Fox Theater, the construction of the Uptown Apartments and Fox Courts developments and the continued investment in the Facade and Tenant Improvement program. Broadway has the possibility of being the thriving commercial center that it was in the past. As the largest city to the east of the Golden Gate Bridge, Oakland has the potential to be the retail and entertainment venue capital of the East Bay.