YIMBY has visited the rising neighborhood at Brooklyn Basin, positioned along Oakland’s Embarcadero waterfront. The update shows construction has topped out at Parcel J, and concrete is now rising for Parcel A Phase Two. As of now, there are 1,696 apartments complete or under construction out of an expected total of 3,700 units.
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.
The Austin Group has been granted a $28.15 million construction loan for the eight-story residential infill at 2440 Shattuck Avenue in Downtown Berkeley, Alameda County. The loan was secured by Highland Realty Capital, the same firm that secured $3 million for pre-development costs for the Austin Group. The project has already broken ground, with completion expected by 2024.
The City of Emeryville’s Planning Commission is scheduled to review plans tonight for the Bay Center Life Sciences expansion at 6425-6475 Christie Avenue, Alameda County. The development will expand the three-structure campus with a new mixed-function building and a new 596-car garage. Harvest Properties is the property owner.
Construction is moving ahead for Bellara, a five-story senior housing project at 1200 A Street in Hayward, Alameda County. The plans will consist of assisted living and memory care facilities nearby the city center. SRM Development is the project developer.
