Summer usually means slower Real Estate transactions. Here’s what happened in the SF Residential and Commercial market since 7/14:
Amazon leased 180,000 sq. ft. at 525 Market. Asking was in the high 70’s but we don’t know what number was finally agreed upon.
Kudos to LBG and Aviva Investors for purchasing the Richmond Hilltop mall covering over 1.1M square feet. The property is zoned for 9600 Homes, a hotel and even office. All we know is that the Buyer paid well below $50M...Anchor tenants are 24 Hour Fitness, Macy’s, Sears and Walmart.
Plaid just leased 26,000 sq. ft. at 85 Second St., taking almost 26,000 square feet for a under $75 per sq. ft per year.
The parking lot at 424 Brannan is going to be a hotel but needs to go through entitlement first.
634 2nd street, a 46,752 sq. ft. building, is on the block for a rumored $40M or $849 per sq. ft.
401 Washington Street is also for sale for a rumored office building in San Francisco. The potential sales $15 million or $942 per sq. ft.
130-138 9th Street and 122 9th Street are on the block for a combined $15.5 Million. We are trying to determine the exact footage to give you an idea of the price per square foot.
The All Star Donut site at 5th and Harrison is likely to become a hotel rather than housing now. It is part of the Central Soma Plan which means developer can upzone. Further as a hotel there are no affordable housing requirements…
It is too bad OSH could not convert 975 Bryant (right before the hall of justice, Cafe Roma and the freeway off ramp) into a store. We are now going to have rentals on the site. More to come.
The Fast Frame site at Gough and Market will be rentals over commercial.
980 Folsom at 5th will be 33 condos over commercial.