A press release from Kilroy Realty broke the news that 1800 Owens Street will be sold for $1.08 billion, breaking records as the second-highest price for a single property in San Francisco and the highest price per square foot in the city history at $1,440 per square foot. The property in question is a recently completed office complex in Mission Bay. Kilroy expects the deal to close at the end of March.
Construction is nearly topped out for one of Berkeley’s tallest buildings, a 168-foot hotel at 2129 Shattuck Avenue in Downtown Berkeley. Crews have begun installing the windows and exterior insulation, while the concrete core is still exposed in lieu of the curtain wall feature at the corner of Shattuck and Center Street. A rooftop canopy remains to be installed before the project can be described as topped out. The development was proposed by Center Street Partners LLC. Pyramid Hotel Group manages the project and will operate the hotel once complete under the Residence Inn by Marriott brand.
The City of Oakland has approved development permits for a new seven-story apartment building at 424 28th street in Pill Hill, Oakland. The project will include market-rate and low-income housing within walking distance of the city’s downtown. Three Steps Properties LLC is the project developer.
New building permits have been filed for a multi-family residential building at 342 22nd Avenue in Outer Richmond, San Francisco. The permits propose constructing a three-story residence with four dwelling units. The project proposal also includes demolishing an existing two-story two-family dwelling. Richmond Partners LLC have purchase the property. The builders plan to include facade improvements and a make one of the proposed dwelling units ADA accessible. Paul Beamer Architecture is managing the design concepts and construction.
An 24-story mixed-use tower has topped out and is nearly halfway wrapped with its new facade at 2016 Telegraph Avenue in Uptown, Oakland. The building’s towering facade reaches over 180 feet above the ground, and adds 230 new apartments to the fast-changing neighborhood. The 200,000 square foot mixed-use building will include a ground floor residential lobby accompanied by retail space, and three levels of above grade parking.