The hotel only went forward after the Council twice agreed to defer fees owed by the developer. That lowered the developers' upfront costs and increased profit margins.
UC Berkeley is negotiating with a developer to construct a 200-room, 10-story hotel on the northwest corner of University Avenue and Oxford Street.
A proposal for a downtown Berkeley mixed-use high-rise hotel, which had begun working its way through the city’s approval process, is now on hold pending the outcome of November’s vote on an initiative that would significantly change the city’s zoning process and requirements.
Update: 6//14: The initiative has qualified for the November 2014 ballot.
A 16-story high-rise hotel under consideration in downtown Berkeley is making its way through the city approval process, with three preview meetings already completed before city panels related to development decisions. No votes have yet been taken, but are expected in the coming months.
A Carmel-based developer and UC Berkeley graduate will submit plans to Berkeley tomorrow to construct a 16-story, 180-foot-tall hotel with office space, meeting rooms and retail space at the corner of Shattuck Avenue and Center Street.