the old brennans was demolished, along with celia's at 4th and addison. this new project takes up the entirety of that block on 4th. brennans is now located in the old train station, (which used to be behind brennans).
i was actually planning on driving around today and taking shots of all the current berkeley projects, so its quite fortuitous that this article was just posted. |
Thanks Andrew! I look forward to your photo update. I haven't seen most of that stuff in quite awhile.
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heres the downtown stuff:
the arpeggio: http://i32.photobucket.com/albums/d3...k/IMGP0136.jpg http://i32.photobucket.com/albums/d3...k/IMGP0137.jpg and the rendering from curbed: http://sf.curbed.com/uploads/2008_08_arpeggio.jpg and the new freight & salvage mentioned in the article (thats the arpeggio in the background): http://i32.photobucket.com/albums/d3...k/IMGP0139.jpghttp://i32.photobucket.com/albums/d3...k/IMGP0140.jpg heres whats come up so far of the new trader joe's building at university and mlk: http://i32.photobucket.com/albums/d3...k/IMGP0141.jpg the rendering from the same angle (from their website): http://berkeleytraderjoes.com/images/tj.jpg thought id put these up now, im about to drive down university to catch all the stuff not in walking distance of my place. |
Wow, Arpeggio went up fast. It doesn't seem like that long ago that I read about it being approved. Also, I didn't realize it would have a barrel-shaped roof. Thanks for the update.
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yeah you cant tell at all from the rendering, given the only angle supplied.
other berkeley updates... the fourth and university project: http://i32.photobucket.com/albums/d3...k/IMGP0150.jpg http://i32.photobucket.com/albums/d3...k/IMGP0151.jpg http://i32.photobucket.com/albums/d3...k/IMGP0152.jpg http://i32.photobucket.com/albums/d3...k/IMGP0153.jpg couldnt find any renderings unfortunately. and the new brennans i mentioned earlier: http://i32.photobucket.com/albums/d3...k/IMGP0154.jpg condo project at san pablo and delaware (two blocks up from university): http://i32.photobucket.com/albums/d3...k/IMGP0156.jpg http://i32.photobucket.com/albums/d3...k/IMGP0155.jpg theres also a project going up on university just above san pablo, but i couldnt get any good shots (not much to see yet, they just finished the underground garage and poured the ground floor). |
Wow, great pics, AndrewK! Berkeley is one of those places I've always felt that I'd enjoy living in but never have. I'll have to make it out there soon and check out some of those vibrant projects in person. There's some great density evolving there.
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Excellent! Thanks for including the new Brennan's too.
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Emeryville Marketplace, Emeryville, CA
Click Link for images. http://www.hellermanus.com/portfolio...%22%248L%20%0A Site: 14 Acres Total Size: 1,225,000 GSF New Retail: 180,000 GSF New Office: 120,000 GSF New Residential: 700,000 GSF New Res. Units: 674 Parking stalls: 2,300 New Construction: 1 million GSF Existing Construction: 225,000 GSF Mor information here: http://switchboard.nrdc.org/blogs/kb...certified.html |
that is pretty awesome. looks like the second phase involves building where the movie theater is now. anyone know the scoop on that?
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(LEED Gold) Riverpark II completed in DTSJ
http://assets.bizjournals.com/story_...2126-0-0-1.jpg
Riverpark Tower II in San Jose hits the market - bizjournals.com Quote:
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Cash for straightening Julian Street boosts downtown S.J. project
A relatively small road project in DTSJ, may end up being the needed catalyst for numerous nearby projects:
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I remember when that was a pretty well-used stretch of road. I guess traffic patterns have changed to the point that this is no longer the case. I'm a little nervous the funding is coming from the state. Hope it materializes.
The article says they'll widen St. James. I assume they'll be making it two-way up to at least San Pedro and maybe to Market to give people coming west on Julian a way to go. |
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Incidentally, the main impact the state's budget issues would have on infrastructure bonds if they are revenue bonds with defined revenue stream is that, due to the rating agencies pretty much trashing all CA bonds, the interest would be higher than it would have been and also it's possible the demand could be less (though, in fact, I keep reading the smart money understands that CA's constitution gives debt service second priority after school funding for whatever income the state gets and, by one analysis, the state has $54 billion available to cover about $6.5 billion of annual debt service--that is, $54 billion not pledged to school funding K through university). |
I read the part about being funded through bonds and untouchable by the general fund, but I don't know much about the bond process. I just have a general sense of unease with anything related to budget and the state. But from what you said, it sounds like my fear is not totally unfounded. If the state felt that they would have to pay too high an interest rate on the bonds, couldn't it decide not to proceed at this time?
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Yes, but it's more complicated. First of all, it's part of the job of the State Treasurer to try to issue the bonds at the most advantageous time. In CA, that clearly would not be until the budget mess is patched and, hopefully, the rating agencies have boosted us back to at least an A rating (currently, we are BBB). Secondly, for a large project like HSR, they almost never issue all the bond at once. Usually, they issue them as money is needed so there's plenty of time to sell those billions. Finally, there's a new wrinkle--things called "Build America Bonds" that most people have never heard of but states and bond investors know well. These are part of the Obama "stimulus" program and are transforming the municipal bond market: http://online.wsj.com/article/SB124023363063234893.html Exerpt: Quote:
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Here is a website that goes along with this story: http://www.sanjosepublicmarket.com/
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Thanks for all the background info, BT. I appreciate you taking the time to explain this to a novice like me.
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