New renderings have been revealed for the eight-story residential infill proposed at 2720 San Pablo Avenue in Southwest Berkeley, Alameda County. The project will replace a single-story structure with 84 homes along the busy thoroughfare. NX Ventures is responsible for the application.
New plans shared with YIMBY reveal that 1998 Shattuck Avenue has again become the tallest proposed tower for Downtown Berkeley, Alameda County. The 28-story project is now two floors higher, 40 feet taller, covers two additional parcels, and, most significantly, residential capacity has doubled to 599 apartments. NX Ventures is the project developer.
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.
