Tag Archives: Roy Nee
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 Hinks 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.
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 Hinks 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 »