Berkeley City Club Real Estate Advisory Services
Berkeley, CA
The Berkeley City Club engaged BAE to review proposals for development of their adjacent parking lot. BAE evaluated the economic terms of the proposals and recommended preparing and issuing a competitive developer solicitation for a residential developer. After receipt of proposals, BAE assisted the Club in its review of proposals and is now providing ground lease negotiation support services.
The Berkeley City Club, the nonprofit owner of the national register-designed historic hotel, private social club, event venue and fine dining restaurant one block from UC Berkeley. In 1927, a small group of women felt the need for a center around women’s activities and had cherished the plan of bringing this into being in Berkeley. These women hired Julia Morgan to design and supervise the construction of the Club, also known as the “Little Castle,” since Morgan was also building the Hearst Castle and many of the buildings features remind visitors of the Hearst Castle.