Local Family Trust Plans 112-Unit Residential Development in Berkeley

Berkeley, Trachtenberg Architects, East Bay, 2847 Shattuck Avenue
Photo by Jeremy Huang on Unsplash

By Jon Peterson

An entity associated with the Goldenberg family trust has issued a pre-application for a new 112-unit apartment development project in Berkeley located at 2847 Shattuck Avenue.

The proposal for the nine-story property will include an affordable component, as well, which has not been finalized at this point. The site currently has a single-story commercial building on it, which is used as a call center. The plans call for this building to be demolished to allow for the new structure to be completed.

This project is early in the application process, and city staff will be appointed shortly, according to a statement by the City of Berkeley. Given its early stage of development, no information has been provided about the possible start date for the project.

Berkeley-based Trachtenberg Architects has been working with the site owners on the design and architecture of the proposed development. This firm also has two other developments that it is designing in this neighborhood: the 221-unit 2920 Shattuck Avenue and the 156-unit 3000 Shattuck Avenue.

2847 Shattuck has a strong location, and the address is near a major grocery store and mass transportation options. Berkeley Bowl, a well-known local grocery store that has been in business since 1977, is across the street, while the Ashby BART station is just 10 minutes away by foot. The train station and nearby AC Transit bus stops will provide renters a convenient way to get around in the East Bay, San Francisco and San Mateo County.

The City of Berkeley has received several applications for new residential development projects over the past several months. Some of the developers include major institutional capital sources. One example of this is the application filed by PGIM Real Estate for the construction of 326 units located at 2190 Shattuck. There also are two projects planned for the future by NX Ventures, one is for 146 units located at 2420 Shattuck and the other is 210 units for a future development located at 1598 University Avenue. In addition, Grosvenor spent $12 million on two parcels in the City located at 2600 and 2630 Telegraph Ave. Grosvenor is planning to deliver 225 apartment homes on these sites, including affordable housing.

West Coast Commercial Real Estate News