123-Unit Mixed-Use Building Proposed for Berkeley’s San Pablo Avenue

Allrise Capital, Inc., Berkeley, Thomas E. Baak & Associates, San Pablo Avenue, Trachtenberg Architects

By Kate Snyder

Amid the housing crisis in Berkeley, an Irvine-based developer has proposed a mixed-use project along San Pablo Avenue in the city’s western end.

The applicant is an entity affiliated with Allrise Capital, Inc., a real estate and investment firm. Trachtenberg Architects, based in Berkeley, is the listed architect, according to public records, and the landscape architect is Thomas E. Baak & Associates, based in Walnut Creek, Calif.

Located at 2136-2154 San Pablo Avenue, the proposed project is a six-story mixed-use building with 123 residential units and three live/work units located on the ground floor, according to public records. The project would use the California State Density Bonus Law to allow a density bonus of 32.5 percent that would permit 31 additional residential units on the fifth and sixth floors.

Construction would include the demolition of the existing two-story, non-residential structure, according to the project’s design plans. Per Google Maps, the project is located near George Florence Park, Elegance Berkeley, Auto Glass Express and various dining establishments.

Allrise Capital is a multi-strategy investment firm with a direct investment mandate covering real estate, venture capital and special opportunities in the United States and select emerging markets, according to its website. The firm’s portfolio includes real estate development projects on the West Coast.

Trachtenberg Architects is involved in other recently proposed projects throughout Berkeley, according to The Registry’s previous reporting.

Berkeley-based NX Ventures submitted plans for a new 209,501 square foot mixed-use housing development located at 1974-1988 Shattuck Ave. That proposal includes 297 residential units, with 208 studio, 23 one- and 66 two-bedroom units, along with a rooftop restaurant over ground-level retail and lobbies. Designs for the project come from Trachtenberg Architects.

That 26-story development also will comply with California State Density Bonus laws, which gives housing developments with below-market-rate homes the right to additional density. Fifteen percent of all the units will be affordable under these standards.

NX Ventures also submitted plans earlier this year for a 16-story mixed-use building at 2420 Shattuck Ave. That project includes 146 units, ground level lobbies and commercial space.

In another partnership with Trachtenberg Architects, NX Ventures earlier this year submitted an application for a 210-unit multifamily development located at 1598 University Avenue. The project plans note that 21 apartments will be reserved for low income residents, according to previous reporting from The Registry.

Other recent developments in Berkeley include plans submitted by Gilbane Development Company for a 15-story, 214-unit residential project at the site of the shuttered California Theatre,. The property is located at 2113 Kittredge Street in downtown Berkeley, just a block away from the gates of UC Berkeley’s campus.

Core Spaces also recently filed a revised proposal to expand the design of its mixed-use, 650,000-square-foot development “The Hub” building in Berkeley. Located at 2128 Oxford Street and 2132-2154 Center Street, the current 17-story mixed-use project will nearly double the residential capacity once it is raised to 25 stories.

West Coast Commercial Real Estate News