Tag Archives: Berkeley Central
This is the second in a Berkeleyside series on housing. Read our first story on short term rentals.
The heated economy has pushed Berkeley rental rates significantly higher this past year, a jump of anywhere from 10% to 30.9%, depending on which study you look at, forcing some students to double and triple up in mini-dorm-like situations, and middle-class workers to stretch to meet their rents.
At the same time, technology workers and those in finance or other well-paying professions are snapping up luxury apartments that can cost from $2,500 a month for a studio to $5,400 for a three-bedroom, two-bath pad.
“The problem is that we are an extremely desirable community,” said Mayor Tom Bates. “With high rents in San Francisco a lot of people choose to be here. As a consequence we have huge demand.” … Continue reading »
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 St. 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 »
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 »
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 »