Tag Archives: Arpeggio Berkeley
1,000 new apartments planned for downtown Berkeley
The view from the L-shaped deck off the penthouse apartment at 2055 Center St. is spectacular. One side looks west toward San Francisco Bay and the Golden Gate Bridge. Another side offers a sweeping vista of Berkeley’s downtown and hills.
For $6,300 a month, the amenities ought to be top-of-the-line, and at the recently opened Berkeley Central — formerly known as the Arpeggio Building — they are. From Bosch appliances and stainless steel designer lights to the wood floor (dark or light, depending on the unit), the six penthouse units on the ninth floor promise an urbane, urban lifestyle.
The building, which the developer CityView acquired in a fire sale in July 2012 for $60 million, has been open for about seven weeks, and about 35% of its 143 units have been leased, according to Natasha Moses, a property manager for Riverstone Residential Group, the leasing agent. … Continue reading »
Arpeggio Building sold, to open in September
The Arpeggio Building at 2055 Center Street, which was once envisioned as gleaming tower of pricy condos, has been sold to a real estate group that plans to open it as apartments in late September.
CityView, a real estate fund founded by Henry Cisneros, the former secretary of Housing and Urban Development under President Bill Clinton, paid $60 million for the 143-unit, nine-story building. Its seller was Dallas-based SNK Realty, which had secured a $65 million loan from U.S. Bank as part of its $81 million development of the project.
“We’re really excited,” said Anthony Cardoza, managing director of CityView’s $300 million Bay Area Fund and a resident of Berkeley until last year. “I think it will be nice for the urban core. Berkeley continues to want to invest in downtown. The more bodies you have down there, the more people living there, the more it changes the foot traffic and the feel of the downtown community – for the better.” … Continue reading »
Center St downtown reopens to 2-ways after 3 years
Update, 6.10 pm: Make that seven years! The City of Berkeley checked again on the dates and reports in to us that Center Street was closed to one-way traffic when Berkeley City College was being constructed, in approximately March 2004. The Arpeggio project has had the street closed since June 2006 — first for the demolition of the previous building on the site in 2006, then for construction which began in 2008.
Original story: Those who drive regularly in downtown Berkeley will be relieved to find that the section of Center Street between Shattuck and Milvia is now open to two-way traffic, and a few more coveted parking spaces have opened up as a result.
The street has been limited to one-way traffic since construction began on the Arpeggio Building at 2055 Center in 2008.
The nine-story, 143-unit Arpeggio Building is now effectively complete and sales on its one- and two-bedroom apartments, including two-story penthouses, are now open. … Continue reading »
Berkeley’s newest “skyscraper” reveals itself
Eric Mai works in the Great Western building on Shattuck Avenue downtown and sent in this photograph of the “reveal” of the new Arpeggio building at 2055 Center Street.
He writes: “I have been enjoying watching the ugly black construction tarp and scaffolding on the south side of the Arpeggio building come down yesterday and today. Exciting times for the tallest building built in Berkeley in 40 years!”
The Argeggio, which will open imminently, is a … Continue reading »
