April 19, 2019 Comments Off on Equity Financing Arranged for $320M MF Development in San Francisco Views: 607 Bay Area, California News

Equity Financing Arranged for $320M MF Development in San Francisco

HFF arranged joint venture equity for the development of 1629 Market Street, a fully-entitled, 420-unit multi-housing project in San Francisco. Working on behalf of the developer, Strada Investment Group, HFF arranged a JV equity partnership with an affiliate of Stockbridge Capital Group for the roughly $320 million project.

1629 Market Street’s units will average 732 square feet in size, and the property will have nearly 9,000 square feet of retail situated within three mid-rise buildings that will share a sub-grade parking garage. The project will be constructed on 1.7 acres at the intersection of Van Ness Avenue and Market Street in San Francisco’s Mid-Market technology hub. The project is due for completion in mid-2021.

HFF’s Scott Bales, Charles Halladay, Jordan Angel, Peter Yorck, Eric Bet and Nolan Moore represented the San Francisco-based developer.

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