Tag Archives: Berkeley Central

Is the tech boom putting pressure on Berkeley rents?

Rents have been going up at 1450 Fourth St., a complex of live-work spaces and some tenants believe the tech boom is putting pressure on prices. Photo: Natalie Orenstein
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Artist Leigh Wells still hasn’t gotten accustomed to the constant noise from the trains that run right behind her West Berkeley live-work space. And she tries not to think about the toxic emissions from the neighboring steel manufacturing plant. In fact, if it weren’t for the affordable rent, and the close-knit artist community at the 1450 Fourth Street complex, she’d never dream of living there.

But when the rent in a unit in Wells’ building went for $300 a month above asking price — and her own rent was given a $450 hike — she quickly realized that times are changing. … Continue reading »

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‘Explosive’ downtown Berkeley housing boom under way

More than 1,400 units are in the works for downtown. Image: Downtown Berkeley Association
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More than 1,400 housing units are currently in development in downtown Berkeley, with demolition on one of the first in the pipeline scheduled to begin this week.

There are eight projects, including a hotel, planned in the downtown core, with two more planned just south, on Dwight Way, and another proposal on University Avenue just west of downtown that’s set to have its first public city review next week.

Demolition for The Durant, which has frontage on both Durant Avenue and Channing Way, was slated to begin Monday, Jan. 13, according to Downtown Berkeley Association CEO John Caner.

Caner said the project is expected to break ground for construction several weeks after that.

According to Downtown Berkeley Association calculations, the new projects will bring at least 1,414 new units and more than 88,000 square feet of new retail space to the downtown area. Not included in those calculations is the project just beginning city review, The Overture, which would bring an additional 44 units and 4,151 square feet of retail and restaurant space to the city’s core. … Continue reading »

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1,000 new apartments planned for downtown Berkeley

A rendering of 2701 Shattuck Avenue by Todd Jersey Architects
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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 »

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