The first stages of construction on what was once called the Seagate Building will begin Monday, said project developer Darrell de Tienne.
The site and plans for the nine-story building on Center Street were sold May 18 to SNK Captec Arpeggio, LLC, a joint venture corporation between an Arizona builder and a Michigan financial company.
The project will feature eight floors of up-scale condominiums built atop a ground floor that will include rehearsal space for the Berkeley Repertory Theater, a public art gallery and at least one commercial use.
The same partnership is also involved in a 102-unit residential and ground floor commercial project in Emeryville on the site of the bankrupt King Midas Card Club on San Pablo Avenue and an adjoining 263-car parking structure.
Renamed The Arpeggio, the structure will rise midway in the block just west of Shattuck Avenue.
De Tienne said workers will begin by removing asbestos from the existing structures on the site, a necessary step before full demolition and construction can commence.
“We hope to begin the actual construction in a month,” he said, adding that two months would be the absolute limit.