The hotel only went forward after the Council twice agreed to defer fees owed by the developer. That lowered the developers' upfront costs and increased profit margins.
UC Berkeley is negotiating with a developer to construct a 200-room, 10-story hotel on the northwest corner of University Avenue and Oxford Street.
Update: Berkeley City Council on Tuesday night approved the occupancy tax rebate, with eight votes in favor and one abstention (Councilman Max Anderson). There was heated public comment that the rebate was an unnecessary giveaway to the developer, but city staff and councilmembers said their independent analysis had concluded the rebate was essential for the project. “In the end, the economic benefit to the city is significant,” said Councilman Jesse Arreguín. “We cannot lose this opportunity.”
Berkeley’s Zoning Adjustments Board on Thursday night approved plans for a 16-story, 334-room hotel, with conference center, to be built on the Bank of America site at 2129 Shattuck Ave. (at Center Street).
Thursday night the Berkeley Zoning Adjustments Board approved a 5-story mixed-use project near downtown, previewed updated plans for a hotel on Center Street and postponed a decision related to a proposed residential hotel on Shattuck Avenue that the developer would like to convert to studio apartments.
Thursday night, Berkeley’s Design Review Committee will get its third look at the 16-story hotel planned downtown at Shattuck Avenue and Center Street.
Berkeley’s Design Review Committee will get an early peek this week of new, revised plans for the high-rise hotel on Shattuck Avenue and Center Street — part of the developers’ push to get the project through the planning process quickly.
The developer of the proposed 16-story hotel on Center Street and Shattuck Avenue in downtown Berkeley has nixed the idea of having office space in the building, but will instead include a conference center and condominiums, along with hotel rooms.
Update 1/29: The general manager of the Claremont Resort sent out the following email Tuesday night confirming that a sale of the hotel is in progress:
Work has begun to reconfigure the dangerous downtown area around the intersection of Shattuck and University into a friendlier thoroughfare for drivers, pedestrians and bicyclists.
By Gill South
The Claremont Hotel & Spa, a fixture in the Berkeley hills since 1915, was part of a luxury hotel group that filed for bankruptcy yesterday. The Claremont and seven other resorts were part of a $6.6 billion acquisition by Morgan Stanley in 2007. When debt of $1.5 billion came due yesterday, lenders foreclosed on five of the properties (three other properties with longer-term debt did not file for Chapter 11 protection).