Berkeley housing tower project pushes ahead with real estate deal
BERKELEY — A housing highrise that’s being eyed in Berkeley is pushing ahead with a property purchase by the real estate firm that ultimately intends to develop the tower, public records show.
An East Bay real estate firm has bought the development site, which is at 2109 Milvia Street in downtown Berkeley, documents on file at the Alameda County Recorder’s Office show.
NX Ventures, acting through an affiliate, paid slightly less than $3.7 million for the Milvia Street site, according to county real estate records.
Century Properties sold the property, which at present is a surface parking lot, the public documents show.
The purchase of the property is a fresh sign that NX Ventures is pushing ahead with the development.
NX Ventures, whose principal executive is business entrepreneur Nathan George, has proposed several housing development projects in Berkeley.
The 105-unit 2109 Milvia site is expected to have 11 affordable apartments that would be set aside for people with very low incomes, the city planning documents show.
Lobbies and commercial spaces are slated to be located on the ground floor.
The amenities will include club rooms and roof decks, according to the city files.
The roof is expected to have a deck with open spaces totaling 2,300 square feet as well as a club room.
The second floor will have a podium terrace totaling 1,400 square feet along with a club room.