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.
New plans have been filed for a residential infill at 805 Jones Street in Northwest Berkeley, Alameda County. The project will add to the existing structure and build three new duplexes. Berkeley-based Wadlund+ Design Studio is listed as responsible for the design.
New plans have been filed for a three-story mixed-use commercial project at 1099 Ashby Avenue in Southwest Berkeley, Alameda County. The proposal will replace a parking lot within the Ashby Plaza shopping center and Berkeley Business Center. Fischer Architecture will be responsible for the design.
The pre-application has been filed for a six-story residential project for 2127 Dwight Way in Downtown Berkeley, Alameda County. The plan combines four parcels, incorporating eight existing units into the final design. Riaz Capital is the project developer.
