Tag Archives: Equity Residential

City’s largest apartment building ever gets go-ahead

A rendering of the Acheson Commons complex on University Avenue, which now will go forward.
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Acheson Commons, the largest apartment complex ever planned for Berkeley’s downtown, is set to go forward after its opponents decided not to file a challenge to the plan.

A coalition of unions, preservationists, community activists and Rent Board members did not file an appeal to a recent ZAB ruling by the deadline, Monday, July 8, at 5 p.m. That means the 205-unit project slated for 2133 University Ave. could be completed in the next three years.

“I think this project is a cornerstone to the revitalization of the downtown, at least the northern end of it,” said Mark Rhoades, a former city planner whose Rhoades Planning Group is representing the developer, Chicago-based Equity Residential. … 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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Acheson Commons: Large change for downtown

Aerial from NE
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One of the first projects to be built under Berkeley’s recently adopted Downtown Area Plan will be Acheson Commons which will transform the entire city block bordered by University Avenue, Shattuck and Walnut streets, and Berkeley Way.

The project, which has been under discussion for some time, was the subject of a rare joint meeting of the Landmarks Preservation Commission and the Design Review Committee on March 29.

The proposal for the area sees the creation of 205 new residential units and above-ground floor retail space. The developer is Equity Residential, of Chicago which builds and owns rental housing projects nationwide. EQR previously purchased the Bachenheimer Building at 2119 University Avenue from local developer Patrick Kennedy, and subsequently bought the adjacent properties. … Continue reading »

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