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Wesley Foundation - 2009
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Status:
2008 (entitlements completed), 2009 (start of construction), 2010 (construction completion projected)
Project value:
9,000,000
Total Bedrooms
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40
Non-profit (gross)
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2,400 square feet
Project gross
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168,811 s.f.
Spaces/unit res.
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1/unit
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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.
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Product:
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Mixed-use infill development project with 90 beds in eight suite units, @2,400 square feet of non-profit office space.
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Approvals: |
City of Berkeley Use Permit and Design Review, Landmarks Commission review, State Density Bonus, Mitigated Negative Declaration
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Status: |
2008 (entitlements completed), 2009 (start of construction), 2010 (construction completion projected)
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Value: |
9,000,000 |
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Partners: |
Wesley Foundation
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Lenders: |
Bank of Alameda and Citi
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Contractor: |
Reeve Knight Construction
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Sustainability: |
GreenPoint Rated
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Carbon Savings
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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
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Number of units |
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5 bedroom
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8
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Total Bedrooms
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40
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Beds
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88
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Area |
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Non-profit (gross)
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2,400 square feet
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Density ratios |
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Project gross
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168,811 s.f.
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Site
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7,500 s.f.
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Acres
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.17
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Occupants/acre
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511
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Bedrooms/acre
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232
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Units/acre
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46 d.u./acre
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Parking |
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Spaces/unit res.
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1/unit
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Total
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0 spaces (car free policy, across the street from UC Berkeley)
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