Panoramic Interests is pushing forward with the proposed development of a 6-story “student-oriented” rental building to rise on Telegraph Avenue in Berkeley.
As designed by Lowney Architecture, the 2539 Telegraph Avenue project includes 65 residential units with room(s) for up to 145 residents over 6,000 square feet of ground-floor commercial space fronting Telegraph and an 8-car garage.
A deck atop the building would provide open space for the residents while a 15-foot setback from Regent Street at the rear of the development would largely protect the existing “pocket park” on the site, although it would be fenced for the development.
The plans for the project will be presented to Berkeley’s Zoning Adjustments Board this week. As currently zoned, a four-story building with 48 units could be built as of right on the site, but by committing to designate 11 percent of the as of right units for households earning no more than 50 percent of the Area Median Income, the project could qualify for a density bonus of 35 percent, the 17 additional units as proposed.