The city has decided not to grant developer Hill Street Realty more time to secure financing for the 18-story Berkeley Plaza project on Harold Way.
Efforts are afoot at City Hall to see if the 18-story, $150 million mixed-use housing complex planned on Harold Way may still, in fact, be viable — even though the developer told the city that he had scrapped the plans.
The developer behind an 18-story, nearly 300-unit project on Harold Way has scrapped those plans, putting an end to one of the biggest development battles Berkeley has seen in recent years.
On Monday, four years after the Berkeley City Council approved plans for a new high-rise on Harold Way, the project team submitted its building permit application to the city of Berkeley.
Citing the “tremendous” need for new housing in Berkeley, and its location near BART along key transit lines, officials overturned a zoning board vote to reject a five-story “co-living” project at Shattuck and Ashby.
City staff has given the Berkeley Plaza complex at Harold Way another year to seek its building permit, according to a planning department letter sent Friday.
The developer behind the tallest apartment building approved downtown has asked the city for one more year to meet the deadline to apply for the permit needed to break ground.
Tuesday brought the latest setback for what has been a controversial proposal to build 260 housing units over what is now the Spenger’s parking lot on Fourth Street.
Residential developers will soon be required pay the district $3.48 per square foot, and commercial developers 56 cents. Most nearby districts already have a similar policy.
What lies beneath the Spenger’s parking lot has been hotly debated in recent months as discussions proceed about what might one day be developed there.