Massive Upscale Apartment Complex Proposed for Downtown

A new 355-unit luxury apartment complex in downtown Berkeley would rise 180 feet and fill most of the block where the Shattuck Cinemas now stand, according to an article in Sunday's Oakland Tribune.

The proposed complex, called The Residences at Berkeley Plaza, would occupy space bordered by Shattuck Avenue, Kittredge Street, Harold Way and Allston Way, and the develop has already purchased the necessary property for $20 million, the article says. The Hotel Shattuck Plaza, on the same block, was not purchased and is expected to remain.

The cost is estimated at $200 million and the city approval process is expected to take at least two years.

The developer is HSR Berkeley Investments, LLC, which is listed with the California Secretary of State as "foreign" and which has offices in Los Angeles. 

You may read the complete Tribune article here.