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Massive Upscale Apartment Complex Proposed for Downtown

The developer plans to close Shattuck Cinemas and demolish the old Hink's Department Store building.

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.

Eric Lindgren January 14, 2013 at 07:28 PM
I hope this is when the Landmark committe steps in and denies their application. Foreign developer? Really? Demolish the Hinks Building?
Jai Jai Noire January 14, 2013 at 07:40 PM
We have a number of blighted housing units in Berkeley and nearby, some of which have been vacant for over a decade. Perhaps we could rehab those before f-ing up Berkeley's downtown? Are any of these new units destined to be affordable, "affordable" as in, to the majority, who are surviving on minimum wage? Are these developers from Berkeley or (once again) from the outlying areas (or further?) Maybe they could build this out in Concord or Pleasant Hill instead.
Alex Gronke January 14, 2013 at 07:47 PM
Hi Eric, Just to be clear, "foreign" in this instance means registered in Delaware.
Mary January 14, 2013 at 09:18 PM
I agree with your idea of rebuilding blighted properties instead of demoloshing beautiful old buildings. There are many properties in Berkeley that are real eyesores, not only housing units but also commercial properties such as that hideous vacant complex at Shattuck and Parker. Anyway, isn't the Hink's building a landmark? If it isn't, it probably should be.

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