BERKELEY, CA–Olympic Residential Group (Olympic) recently began construction on a Class A, 99-unit residential, mixed-use development at 2121 Dwight Way in Berkeley. The location along Shattuck Avenue in downtown is in close proximity to public transit and popular restaurants, retailers and the University of California, Berkeley. The site was acquired by Olympic in February after the completion of all project approvals and the project is scheduled to be completed in the summer of 2016.

Dan Deibel, president of Olympic, tells GlobeSt.com: “The City of Berkeley spent years creating the downtown plan, which allows the density and intensity of our building with six stories and nearly 200 units per acre. Berkeley is in high demand because it is an affordable option to living in San Francisco.”

The target renter profile includes an eclectic mix of young professionals attracted to the transit-oriented location, empty nesters, university faculty and students looking for a high-quality housing option near the campus. In addition to the 99 units and a leasing office, the community will include 5,100 square feet of ground floor retail space suited for a café and neighborhood-serving specialties. The apartment homes are composed of a mix of studio, one-bedroom, and two-bedroom units ranging in size from 500 to approximately 1,100 square feet. The apartments will include features such as kitchens with European-style cabinets, quartz countertops, stainless steel appliances and full-size front-load washer-dryers. The units also include expansive floor-to-ceiling windows, nine-foot ceilings, eight-foot doors, hard-surface floors throughout and air conditioning.