Tag Archives: The Austin Group

Developer submits 8-story project for University, Milvia

Image: Johnson Lyman Architects
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A new eight-story building could take the place of the Firestone garage and parking lot at Milvia and University, if a newly proposed development at 1974 University Ave. is approved by the city of Berkeley.

The project is still in its nascent stages as far as the city permit approval process; developer William Schrader Jr., of Alamo-based The Austin Group, submitted the application Friday, with the possibility of a design review session coming in August.

Schrader’s son, AJ, a broker with San Francisco-based boutique real estate firm Retail West, who procured the sale of the land, said last week that the deal took about 14 months to negotiate. The sale won’t be final until the city entitlement process is complete, or nearly complete, he added.

William Schrader said the new development would help continue extending “the retail experience” from Shattuck Avenue downtown westbound on University Avenue. The new building is planned at this time to include an atrium that’s open to the sky. The first story would be retail, which is set to include a full-service restaurant, perhaps 3,500 square feet, and some other commercial spaces on University. … 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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