Funding has been secured for a new eight-story student housing project at 2538 Durant Avenue in Southside, Berkeley. ACRES Capital, a national real estate lender, is providing the $10.5 million loan. Valiance Capital is the project developer.
Renderings have been revealed for the 15-story adaptive reuse of the California Theater at 2113 Kittredge Street in Downtown Berkeley, Alameda County. The project would create 214 homes and a new live theater. Gilbane Development Company is responsible for the application.
The pre-application has been filed for a new eight-story residential infill at 2538 Durant Avenue in Southside Berkeley, just south of the UC Berkeley Campus. The project would replace the existing four-story apartment building with 83 homes, using the State Density Bonus Program and Senate Bill 330. Valiance Capital is responsible for the application.
Charities Housing has applied for entitlement of the five-story affordable housing proposal at 3001 El Camino Real in Palo Alto, Santa Clara County. The plan will replace a 1.14-acre lot of surface parking and two single-story commercial structures with 129 new homes. The project will benefit from the State Density Bonus program, allowing the developer to increase residential capacity.
Increased plans have been filed for The Hub, the mixed-use tower at 2128 Oxford Street in Downtown Berkeley, Alameda County. The application has nearly doubled in residential capacity while the height has been raised from 17 to 25 floors tall. On top, a rooftop bar and restaurant will offer commanding views of the surrounding region and, potentially, two more similarly-tall buildings. Core Spaces is the developer.
