Posted Oct 21, 2011, 6:20 PM
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Registered User
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Join Date: Nov 2009
Location: Bay Area
Posts: 996
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Some new plans for the old AAA headquarters. This will be a boon to the currently blah Market/Van Ness intersection.
From www.bizjournals.com/sanfrancisco:
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Auto club tower revs up for housing
San Francisco Business Times
Date: Friday, October 21, 2011, 7:18am PDT
Emerald Fund and National Real Estate Advisors are exploring a plan that would convert the former California State Automobile Association headquarters at 100 Van Ness Ave. into 400 apartments.
In anticipation of the eventual residential conversion, the groups are clearing the last remaining tenants out of the building, which was mostly occupied by the CSAA until it decamped for Walnut Creek in 2010. Emerald Fund and NREA, which operate as Civic Center Commons Associates LLC, have agreed to pay a $750,000 lease termination fee to the San Francisco County Transportation Authority, which will likely move its offices to nearby 1455 ...The project would likely include a new exterior skin, according to Marc Babsin, a principal with Emerald Fund. The San Francisco office of Solomon Cordwell Buenz is working on the design.
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Some other mid-Market highlights from the article:
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The developer has an option to buy 101 Polk St. and has filed a preliminary project assessment application to build 175 housing units there. The property is currently a 13,200-square-foot surface parking lot. Emerald Fund is proposing a 13-story building with 53 parking spaces.
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Apartment real estate trust AvalonBay has tied up a development site at 55 Ninth St., and expects to begin work next summer on a $125 million, 260-unit project.
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One of the largest projects in the area, Crescent Heights’ 750-unit, two-tower development at 1401 Market St., was expected to break ground this fall but there has been no construction activity at the site.
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Patrick Kennedy is planning 200 units of student housing at 104 Ninth St.
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