city centric
Wesley Foundation - 2009

Status: 2008 (entitlements completed), 2009 (start of construction), 2010 (construction completion projected)
Project value: 9,000,000
Total Bedrooms : 40
Non-profit (gross) : 2,400 square feet
Project gross : 168,811 s.f.
Spaces/unit res. : 1/unit

Description

Current Projects
Ashby Arts
Parker Place
McKevitt Volvo - Fiat - 2007

Completed Projects
Wesley Foundation - 2009
Peralta Creek - 2006
Longs Drugs - 99C Only Mixed Use - 2002
Everett and Jones BBQ - 2005
Humboldt Apartments - 2005
Peralta Creek Homes - 2005
Claremont Colby Offices - 2006
Wesley Student Housing - 2008
Adeline Lofts - 2002
Alcatraz Apartments - 1995
Allston Commons - 1994
Allston House - 2007
Ashby Apartments - 1995
Ashby Court Apartments -1998
Ashby Lofts - 2007
Bancroft Senior Homes - 2001
Hearst Studios - 1994
Hillegass Avenue Commons - 2001
Hookston Senior Homes - 1999
Oak Street Terrace - 2005
Peter Babcock House - 1996
Prince Street Apartments - 1997
Sacramento Garden Apartments - 1997
Sacramento Senior Homes - 2006
Shattuck Senior Homes - 2000
Sierra Garden Apartments - 1996
University Neighborhood Apartments - 2005

Map of all projects

  Wesley Foundation - 2009

2398 Bancroft Way
Berkeley, CA 94704

Project details   |   Project specs

Challenges
Urgent request for Citycentric to come in very late in non-profit project’s entitlement process to help finalize complicated zoning issues and provide bridge financing between entitlements and construction loan, very high early capital expenditures on project that City could not approve, complicated and comprehensive entitlement process, area with many historically significant structures, financing during economic crisis, complex negotiation, using sustainable policies before their zoning adoption, finding significant cost reductions to balance reduced construction loan scenario due to economic crisis (loans not available or very high interest rates).

Vision

Student oriented, forty bedroom, green housing across from U.C. Berkeley. Citycentric provided consulting services for entitlements, construction documents and construction financing; project broke ground July, 2009.

Result
Extremely positive neighborhood reaction and support, solid core of neighborhood support, strong historically appropriate design, oak tree preservation.

Product:

Mixed-use infill development project with 90 beds in eight suite units, @2,400 square feet of non-profit office space.

   
Approvals: City of Berkeley Use Permit and Design Review, Landmarks Commission review, State Density Bonus, Mitigated Negative Declaration
   
Status: 2008 (entitlements completed), 2009 (start of construction), 2010 (construction completion projected)
   
Value: 9,000,000
   
Partners:
Wesley Foundation
   
Lenders:
Bank of Alameda and Citi
   
Contractor:
Reeve Knight Construction
   
Sustainability:
GreenPoint Rated
   
Carbon Savings
Green House Gas savings: 57,600lbs CO2/year; Vehicle Miles Traveled savings: 160,000miles/year; Gas savings: 6,400gal/year; Oil savings: 116 barrels/year
   




Number of units  
5 bedroom 8
Total Bedrooms 40
Beds 88
   
Area  
Non-profit (gross) 2,400 square feet
   
Density ratios  
Project gross 168,811 s.f.
Site 7,500 s.f.
Acres .17
Occupants/acre 511
Bedrooms/acre 232
Units/acre 46 d.u./acre
   
Parking  
Spaces/unit res. 1/unit
Total 0 spaces (car free policy, across the street from UC Berkeley)


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