"I'm thrilled that Flying Horse Investments is bringing new life to these central storefronts. This deal, along with the dedicated work of our Office of Economic Development and the Downtown Berkeley Business District, will help revitalize our downtown and draw people back to the heart of Berkeley."
"We think this is really going to jump-start a lot of activity in the downtown district,"
"It's a big, big deal to get that whole block finally renovated and activated,"
Flying Horse Investments of Los Angeles purchased the nearly 30,000-square-foot ground-floor retail that spans the 2200 block of Shattuck Avenue between Allston Way and Kittredge Street, a parcel sold separately from the Hotel Shattuck Plaza above it. Every one of the block's 11 storefronts is currently vacant, with papered-over windows and the marquee of Shattuck Cinemas remaining after its 2022 closure. Managing Principal Eric Shulman indicated freshly renovated spaces could host new businesses as soon as next fall and declined to disclose the purchase price. City and business leaders expressed strong support and high hopes for downtown revitalization.
Read at www.berkeleyside.org
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