In 1988, to fulfill the City of Berkeley’s use permits for the Aquatic Park biotechnology commercial project, Wareham Development agreed
to build a Jewish community center, a daycare center, and live/work affordable housing for artists. Hired as a consultant, McKenzie, Rose
& Holliday Development was brought into the project mid-construction in order to secure project financing in exchange for a 50 percent ownership stake.

The two-story concrete structure that became Durkee Lofts had been built in 1929 as a factory warehouse for Durkee Foods, making this
McKenzie, Rose & Holliday Development’s first experience with rehab construction. Thanks to our familiarity with state funding, Durkee
Lofts became the first artist housing to take advantage of federal and state tax credits. The tax credits ensured these rental units would
remain at well below market rate for at least 30 years to come.