Family Trust selling prime Berkeley
What could be the most valuable site for a mixed-used development in Berkeley just hit the sales block. Bancroft Center at 2580 Bancroft, a 30k SF retail center, could be converted into a variety of commercial uses. Thanks to the Southside plan's recent increase in height limits and density, the non-entitled property could go the mixed-use route, with 132 housing units atop 21k SF of high-end ground-floor retail.
The seller is a family trust that's owned it since the original construction.
The site is unpriced.