SrmErnst Development Partners is aiming to build a 201-unit apartment complex in downtown Berkeley.
The Auckland-based developer has submitted plans for the eight-storey high-rise at 2100 Milvia Street, The San Jose Mercury News reportsreferencing the city file.
It will replace a three-story, 63,000-square-foot office building two blocks west of UC Berkeley that is now occupied by a software company and an architecture firm.
An affiliate of srmErnst has owned the 0.6-acre property at Milvia and Addison streets since 1996, according to county records reviewed by Mercury News. Its appraised value is $11.4 million.
Plans call for 201 apartments and an undisclosed amount of commercial space for ground-floor shops and restaurants.
Established in 1992 as SRM Associates, SrmErnst Development Partners has licensed and/or developed $1.3 billion worth of commercial real estate since 2012, across office/R&D, manufacturing and creative industrial properties, According to its website.
Early last year, srmErnst and Hillwood Investment Properties Completed a 220,710-square-foot building in Alameda Biopharmaceutical company Exelixis.
Berkeley has been going through massive changes, Many high-rise condominiums are being developed Near UC Berkeley.
As of March, Berkeley Center had proposed six towers ranging from 16 to 28 stories in state legislation that makes it easier to build residential buildings, whether or not the city needs them. Since 1971, there has been only one high-rise building with more than 13 floors in the city.
