EPS is pleased to have assisted Grosvenor with its successful application for redevelopment of 1951-75 Shattuck Avenue in Berkeley.  Berkeley’s Downtown Area Plan requires that projects above 75 feet in height provide “significant community benefits.”  Grosvenor retained EPS to provide pro forma financial analysis of the proposed development and to quantify the financially feasible level of community benefit.  EPS analysis showed that the project reasonably could bear the City’s statutory fees, including nearly $5.8 million in affordable housing funds. In addition, the project will be built with a wall-to-wall project labor agreement and deliver an additional cash contribution to the City’s affordable housing trust fund. During hearing proceedings, ZAB chair Igor Tregub called the project “the gold standard.”