Berkeley’s ‘Moorish-Tudor fever dream’ of an apartment complex sells for over $100 million

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A student housing apartment complex in Berkeley known for its unusual, castle-like design has sold for more than $100 million to a group led by Goldman Sachs.

The Enclave Apartments building on Telegraph Avenue, a few blocks from the UC Berkeley campus, was purchased last week by an affiliate group headed by the Wall Street firm in an all-cash deal for $112.9 million, according to public records, which were first reported by the Mercury News and confirmed by The Times.

The mixed-use seven-story building, with a facade evoking craggy cliffsides, can house 252 students in dormitory-style units. It includes commercial retail space on the first floor, which sits mostly vacant with the exception of a sandwich shop.

Since it opened in the fall of 2020, the structure’s design, described by its architects as a “Moorish palace,” has drawn the intrigued gaze of critics, tourists, students and business owners alike.

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