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Follow on Google News | Olympic Residential Group Breaks Ground in Downtown BerkeleyBy: Olympic Residential Group Olympic will pursue LEED Gold certification for the Christiani Johnson Architects-designed building. The development consists of 99 Class-A luxury apartment homes, a leasing office, and 5,100 square feet of ground floor retail space suited for a café and neighborhood- The sophisticated design features a robust amenity package that is unparalleled in the Berkeley submarket. The building amenities include a 3,875-square- Olympic was founded in 2012 by Dan Deibel, a Bay Area multifamily development veteran that was formerly the Managing Director of Palo Alto-based Urban Housing Group, and held executive construction and development positions at Sares-Regis Group. “We are thrilled to be back in Berkeley, and so pleased that we are making this important milestone with the 2121 Dwight Way development in the Downtown Plan Area,” Deibel said. “We feel that the vibrant downtown location—just a few blocks from BART—combined with the modern features of the building, will result in a fantastic community environment.” Construction financing is being provided by MUFG Union Bank in San Francisco. The general contractor is Western National Builders of Irvine and Milpitas. About Olympic Residential Group Olympic Residential Group is based in San Carlos, California. Olympic is a residential mixed-use development company specializing in infill housing in California. Olympic is focused on development in job-centric, supply-constrained, high-growth markets where demographics, employment growth, and rental market fundamentals support new development and provide a strong basis for creating long-term value. Olympic implements comprehensive, research-based underwriting practices based on thorough market analysis, accurate construction costs and operating expenses, and in-depth understanding of local economies. Olympic utilizes a detailed due diligence process that strives to ensure that each investment’s risks and investment return potential are carefully evaluated and optimized. The Olympic team has superior knowledge of the local markets, communities and politics, and has extensive experience in all facets of acquisition, design, construction and management. End
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