Berkeley — an student apartment complicated in berkeley with a dramatic fort-like design that features a facade similar to a cliffside has been bought for greater than $100 million via a collection managed by means of a wall avenue leviathan.
Enclave apartments, a fifty five-unit student housing building in berkeley, has been offered for $112.9 million, consistent with documents filed on july 13 with the alameda county recorder’s office.
The condominium complex, placed at 2503 haste st., turned into bought by using an associate headed up through the big apple town-based totally goldman sachs, certainly one of wall street’s biggest funding banks.
The goldman sachs entity, that is based totally at the world headquarters of the economic offerings behemoth, offered enclave flats in an all-cash deal, the county files display.
Upper-level terrace at Enclave Apartments, a 55-unit student housing complex with a 254-bed capacity, located at 2503 Haste St. in Berkeley. (John Sutton Photography, LCA Architects)
The vendor was a collection headed up by using irvine-based lba realty and factor richmond-based west developers, in step with the alameda county documents and country commercial enterprise records.
It seems the current assets deal fetched a giant income for the vendor.
In mid-2022, the belongings’s price turned into $57.2 million, according to documents on file with the alameda county assessor’s workplace.
The seven-story blended-use building on the corner of haste avenue and telegraph avenue, a brief distance from the uc berkeley most important campus, includes five gadgets of floor-ground retail, documents on record with the berkeley town making plans department display.
The enclave apartments functions a placing outside that resembles cliffs, rocks and crags, as seen in project pictures posted on the internet site of the assignment’s fashion designer, walnut creek-primarily based lca architects.
The residential constructing additionally includes factors that hearken again to moorish and tudor architecture. A chain of minarets are visible on the roofline of the constructing. The design is likewise harking back to an italian village that’s perched on a cliff.
Exterior building detail in Enclave Apartments, a 55-unit student housing complex with a 254-bed capacity, located at 2503 Haste St. in Berkeley. (John Sutton Photography, LCA Architects)
Related Articles
- Did Fed issue warning for Western housing?
- Photos: This 1,300-square-foot San Jose home sold for $2.6 million
- Health of South Bay and Peninsula office markets are far different from San Francisco’s
- 1987: When mortgage rates last soared this much
- Moving out: California cities are bleeding residents. How long will the trend last?
“The apartments include a variety of configurations, with single and double rooms in shared apartments with two bathrooms including bathtubs,” according to a post on the UC Berkeley housing website. A shared kitchen and living area are also included in the apartments.
Courtyard and gathering areas within Enclave Apartments, a 55-unit student housing complex with a 254-bed capacity, located at 2503 Haste St. in Berkeley. (John Sutton Photography, LCA Architects)
The residential complex has a capacity of 254 beds.
“The Enclave building is situated amidst vibrant restaurants, cafes, shops, and bookstores” and is three blocks from the campus, the UC Berkeley housing post states.