SAN FRANCISCO | Projects: Under Construction, Approved, and Proposed

[1977]

Simeon purchased the long stalled 72 Townsend and is expected to break ground sometime next year.

Simeon has acquired 72 Townsend St. in San Francisco’s South of Market district. The property is an existing one-story historic brick-and-timber building in the South Beach neighborhood. The company plans to begin construction with Novato contractor West Bay Builders next year to add eight stories to the existing structure. The goal is to develop 74 living units to condominium standards, though the intent at present is to rent.

The existing, not quite 30,000 square-foot building, the former Hooper’s South End Grain Warehouse constructed in 1874, is leased through mid-2013, Pitto said, but there is a chance the tenant will exit early. If so, he would and could start construction immediately: “We could pull a building permit right now.” The project is fully entitled.

Source and article: http://news.theregistrysf.com/simeon-nabs-san-francisco-san-jose-sites-for-apartments/

Here is an old rendering of the original proposal which sounds like is being retained:


Source: http://www.sfnewdevelopments.com/