Tag Archives: Hill Street Realty

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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First high-rise in 40 years planned for downtown Berkeley

A rendering of the Residences at Berkeley Plaza as seen from Shattuck Avenue. Courtesy of HSR Berkeley Investments
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A Los Angeles real estate group submitted an application Thursday to build Berkeley’s first high-rise in 40 years — a 17-story luxury apartment complex on Harold Way that connects to the historic Hink’s Department Store on Shattuck Avenue.

HSR Berkeley Investments wants to spend as much as $200 million to construct a 180-foot tall tower with 355 residences next to the property that now houses the Shattuck Cinemas and various offices.

The new apartments, called The Residences at Berkeley Plaza, are designed to appeal to empty nesters and high-income professionals, such as those who work at booming San Francisco technology companies like Twitter and Salesforce.com, but who are having difficulty landing an apartment in the city.

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Large downtown Berkeley property changes hands

The Shattuck Cinemas property was sold
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A Los Angeles real estate group has snapped up the 92,000-square foot building that holds the Shattuck Cinemas, according to the San Francisco Business Times.

Hill Street Realty paid about $20 million, or $217 a square foot, for the property, formally known as Berkeley Center. In addition to the cinemas (which used to hold Hink’s Department Store) the property houses Habitot Children’s Museum, a Starbucks, and various offices. The Hotel Shattuck Plaza sits on the block, but was not included in the transaction. … Continue reading »

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