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Old June 7th, 2013, 11:15 AM   #1
desertpunk
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SAN FRANCISCO | 41 Tehama | 119m | 360ft | 35 fl | U/C



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Trophy Development Site at 41 Tehama in San Francisco Hits Market for the First Time

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SAN FRANCISCO, April 15, 2013 – Colliers International has been retained as the exclusive marketing agent for 41 Tehama, a fully entitled residential project designed and approved for 341 units, located in the Transit Center District of San Francisco. The site is owned by Tehama Partners, LLC. Colliers International’s Investment Services Group, which includes Tony Crossley, Frank Wheeler, Tim Maas, and Erik Hanson, will market the site on behalf of ownership.

The luxury residential project was LEED-designed by Arquitectonica and will feature 31 floors with stunning 360 degree views, an expansive outdoor plaza, fitness center, clubroom, rooftop solarium, ground floor retail space, and three floors of subterranean valet parking.

Located just two blocks from the under construction $4.7 billion Transbay Transit Center, 41 Tehama Street boasts an incredible, urban infill location in the center of an area rapidly becoming the core of downtown San Francisco. 41 Tehama Street represents the increasingly rare opportunity to acquire a fully entitled high-rise residential development site in the most rapidly transforming area of downtown San Francisco. The Project is poised to benefit from the tremendous infrastructural development in the immediate area, excellent access to the downtown core and public transportation, and the continued demand for luxury residential product in San Francisco.

[...]
The tower is fully entitled and ready to go once a new owner is found. In the current market, there should be plenty of interest.
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Old June 11th, 2013, 01:53 PM   #2
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a decent filler, but probably with good views.
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Old November 14th, 2013, 01:52 AM   #3
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Taller perhaps?

41 Tehama Looks to Add a Little to the Top



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Last year the project at 41 Tehama was approved for a 31-story, 341-unit residential tower designed by Arquitectonica. Now the project is back before the Planning Commission looking to a a little more icing to the top of the cake, in the form of four additional floors with 57 additional units. The amendments would bring the total height up to 360 feet (as compared to the approved 318 feet), but otherwise the basic form and design of the tower would stay the same. Since the extra height is still within the zoning limits, new environmental review isn't necessary, just a thumbs up from the Planning Commission tomorrow.






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Old October 2nd, 2014, 03:29 PM   #4
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Hines Plans First Apartment Development in San Francisco



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Posted on September 22, 2014 by publisher in Hot Lot, INDUSTRY news, Residential

Houston-based Hines in a joint venture with Atlanta-based Invesco Real Estate is planning the development of the 410-unit 41 Tehama development in downtown San Francisco. The address is located just two blocks from the Transbay Transit Center, which has been the epicenter of development activity in San Francisco for a while now.

project will be our first apartment development in San Francisco. We have successfully developed apartments in other major markets around the country,” says Paul Paradis, a senior managing director for Hines, who works out of the company’s west regional office in San Francisco located at 101 California Street.

Hines/Invesco paid $50 million to acquire the development site, according to sources that are aware of the transaction. The seller was Tehama Partners, LLC, which had owned the site for long time; it has first placed the site for sale in April of last year. It sold the site through its listing agent, the San Francisco office of Colliers International. Hines declined to comment on the acquisition price for the site. Invesco did not return phone calls or respond to e-mails for this story.

Invesco is planning to invest capital into the 41 Tehama project as a build-to-core investment strategy for one of its commingled funds, according to sources who are aware of the development. “I would expect that at some point in the future we would put some construction debt on the property,” said Paradis. He would not reveal the total development cost of the project.

Hines is planning to break ground on the project during the first quarter of next year and expects the development to be completed by the end of 2016.

[...]
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Old October 2nd, 2014, 03:31 PM   #5
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Height increase: http://www.socketsite.com/archives/2...ower-sold.html
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Old October 4th, 2014, 01:44 AM   #6
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I like the looks of the public space involved here.
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Old January 18th, 2017, 02:10 PM   #7
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i'm not sure but i think that this building comes in this thread, and i'm not sure because the web site is http://33tehama.com/ and the project is 41 Tehama

Folsom and 1st Street, San Francisco by SPUR, en Flickr
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Old April 4th, 2017, 12:37 PM   #8
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2017-04-03 11.35.29-1 by Joshua Goldstein, on Flickr
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Old September 21st, 2017, 10:02 AM   #9
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