Tag Archives: Downtown Area Plan
The development climate in Berkeley has improved so much in the past six years that there are now approximately 2,500 apartment units in the pipeline — a dramatic change from the two decades between 1970 and 1990 when only 600 units were built, according to experts who spoke at a forum on multi-family development held in Berkeley on Jan. 21 .
The city is no longer looked upon as a place just to build student housing. With its foodie culture, rich history, music and art scenes, as well as the ability it affords developers to charge higher rents than in Oakland and other East Bay cities, Berkeley is now a popular place to build.
“Berkeley is no longer this campus college market,” said Stephen Lawton, volunteer program leader for the non-profit Urban Land Institute which hosted the event at the David Brower Center in downtown Berkeley. “The hot San Francisco market is finally reaching across the bay in this cycle.” … Continue reading »