Phone: 510.665.9900

info@hudsonmcdonald.com

Leasing Office Location

 

Hudson McDonald Properties, Inc.

1600 Shattuck Ave Ste. 218

Berkeley Ca. 94709

CA BRE No.01901436

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Office Hours:
Mon – Fri, 9:30am – 5pm

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The Gaia Building

2116 Allston Way, Berkeley, CA • Google Maps
Units91
Area13,500sq. ft.
Density300 units/acre
Commercial UsesJazz Club, Community Theater
Completion DateAugust 2001
Low Income Units19
ArchitectHDO Architects
General ContractorKimes Morris

Project Description

The Gaia Building was the first significant development project built in Berkeley in several decades and the first high-rise since the early 1970s. The project includes loft-style units and features multiple roof decks with tremendous views. The project’s size, construction methods, and code requirements presented significant challenges to the development team.

The principals of Hudson McDonald secured project financing through CDLAC’s competitive affordable housing loan program, managed the construction process, resolved unanticipated construction and schedule issues, secured additional financing mid-way through construction and managed an around-the-clock effort to complete the project on-time.

After construction, they managed the loan conversion process and were successful in securing a permanent loan that exceeded the construction loan principal.

The principals of Hudson McDonald completed this project while employed by developer Panoramic Interests.