This just in from San Francisco Business Times:
The opening of the SoMa Grand condo complex, coupled with the influx of 3,000 workers from San Francisco's new federal building, is creating a land rush for investors and restaurateurs looking to get a foothold on and around the long-downtrodden stretch of Mission Street between Sixth and Ninth streets.
A neglected building that long housed a garment factory and car stereo business, 1161 Mission St. sold in 2005 for just over $100 a square foot.
Now two years later, impresario Jon Mayeda said he can't keep up with the offers he gets on the five-story, 75,000-square-foot property across from the SoMa Grand, which he now values at $300 square foot, or $22.5 million.
Resource tools:
SoMa Grand website
Emporis.com story on SoMa Grand
Urban Bay Properties - SoMa Grand article
Multi Housing News - coverage of SoMa Grand
AGI Capital - SoMa Grand details
WordPress.com - multiple stories about SoMa Grand
.
0 comments:
Post a Comment