Announcements


280 7th Street (Club Hide) $5.25M

posted Jan 15, 2016, 12:29 PM by Site Admin

From LoopNet. Next to Sightglass on 7th. The listing seems to be leaving open whether the existing building is worth reusing. 

280 7th Street, $5,250,000 6,386 SF 


Industrial Property For Sale

Price:
$5,250,000
Building Size:
6,386 SF
Price/SF:
$822.11
Property Type:
Industrial
Property Sub-type:
Flex Space
Property Use Type:
Vacant/Owner-User
Commission Split:
2.5%
Clear Ceiling Height:
35 ft.
Lot Size:
6,500 SF
Listing ID
19514428
Last Updated
2 days ago

Find Out More...

Description

Janice Lee from Coldwell Banker is pleased to offer investors and developers the opportunity to purchase 280 7th Street. Potential site for 29 Lofts/Condos and Retail/Restaurant on the ground floor. The existing one to two story building includes a 5636 sqft nightclub with about 750 sqft of accessory retail and office space comprising of approximately 6386 gross square feet of commercial building, located in the heart of South of Market (SOMA). 280 7th Street was occupied by a well known nightclub, commonly known as Club Hide. Retrofit work and electrical update was completed in 2000. There is one off-street parking space and the height of the two-story building is approximately 35 feet. The SLR zoning currently allows for 65X height and may be a prime development site. The lot is approximately 6500 gross square feet of land and extends onto Langton Street.

The project site is located midblock on a block bounded by Howard Street to the north, Seventh Street to the east, Folsom Street to the south, and Langton Street to the west. Due to the central location, the area is undergoing tremendous commercial, residential and transit developments. Located close to Market Street and the dynamic night life of the city. The property is steps from BART, MUNI, freeways and CalTrain and all the wonderful shops, bars and eateries in the SOMA. The location is within a few blocks of many of San Francisco' s most-desirable tech tenants, including Twitter, Advent, Adobe, Pinterest, Airbnb, Dolby, Uber, Square, The Site is also walking distance to many of San Francisco' s most convenient retailers, includ-
ing Costco, Safeway, Trader Joe' s, Nordstrom Rack, Bed Bath & Beyond, and many others.


This is a good opportunity to own a property represents the heritage and heart of San Francisco. It has a Walk score of 96 - a Walker's Paradise! It also has a Transit Score of 100 - a Rider's Paradise too! The Site is being offered for sale unentitled and in as-is condition.

1140 Folsom / 99 Rausch Development

posted Aug 4, 2015, 12:21 PM by Site Admin

Details from 2014 re the development across the street from 60 Rausch, behind 73 Sumner, from Six Story Folsom Street Development Rendered, Dubbed 99 Rausch:

99 Rausch Rendering

The Local Development Group has officially filed their application to raze the former Bay Lighting & Design building and adjacent parking lot on the northeast corner of Folsom and Rausch and construct a mixed-use development with 112 residential units, 5,600 square feet of ground floor retail, and 100 parking stalls on the West SoMa site.

While currently known as the 1140 Folsom Street project, the development which is being designed by BAR Architects will be dubbed 99 Rausch.

99 Rausch Rendering: Rausch Street

The design details and full Rausch Street facade by way of a plugged-in source:

The plan is to demolish the existing commercial building on the site and construct a project that will include 45 two-bedroom units, 52 one-bedroom units and 15 studios at a height of 6 stories along Folsom and 4 stories along the Rausch frontage. Additionally, one level of underground parking would be access from Rausch Street. We are excited to activate the Folsom frontage with ground-floor retail and building entrances where the current building has only a blank façade all along Folsom.

The project design builds on the unique character of the Rausch Street neighborhood. The Folsom façade highlights three elements. First, a clearly defined retail base will enhance the pedestrian experience by lowering the façade’s scale and providing richness with stone material and storefront variety. The housing above the retail is appropriately scaled with large windows and brick material, reminiscent of several brick buildings along Folsom Street. Finally, the corner of Folsom and Rausch will be accentuated by a lighter structure with expansive windows to create a sense of openness and maximize views. The developer is committed to activating the street-level experience along Folsom where they propose sidewalk bulb-outs at Folsom/Rausch, public bicycle parking, and enhanced landscaping at street level designed by landscape architect Cliff Lowe.

Along Rausch, the project utilizes a rhythm of smaller scaled units that is contextual to the charming nature of the existing environment. The project steps down to four stories along Rausch and the building features garden stoop entrances, enhanced landscaping and trees to activate the sidewalk experience. Bay windows will also reduce the scale along Rausch and provide southern light and views to the residents.

The full Rausch Street facade and elevation (click to enlarge):

Reconstruction News Page Created

posted May 11, 2015, 10:47 AM by Site Admin

Information about building reconstruction has been moved to a new Reconstruction News page.

Lawsuit Settled

posted Apr 28, 2014, 5:19 PM by Site Admin

A letter from Berding | Weil, attorneys for the 73 Sumner St Homeowners Association, was distributed today:

Re: 73 Sumner Street Homeowners Association v. 73 Sumner LLC, et al

As you know, the Association reached a settlement in the above-referenced proceedings in early February 2014. A dismissal of the lawsuit could not be filed, however, until settlement agreements were finalized and signed, and the Association was in receipt of all settlement funds. 

We are happy to report that those steps are now complete and a dismissal of the lawsuit was filed on April 15, 2014. Our office now considers this matter concluded. We sincerely appreciate your patience throughout this process.

A copy of the letter is attached. 

1174-1178 Folsom Pre-Application Meeting

posted Oct 9, 2013, 11:57 AM by Site Admin

Per the attached notice, a Pre-Application meeting to discuss development plans for the 1174-1178 Folsom project will be held on 10/24/2013, 7:00pm, at 461 2nd Street #C127, SF. 

Yearly and Quarterly Minutes Posted

posted May 14, 2013, 4:29 PM by Site Admin

Minutes for the 4/26/13 Yearly and Quarterly meetings are available:

Original 2001 Disclosures Available

posted Feb 26, 2013, 8:30 PM by Site Admin

We scanned the original 800+ pages of disclosure documents signed by original unit buyers and uploaded them as PDFs. Individual sections as well as combined zip files are available here:

FQ4 Meeting Minutes Available

posted Feb 25, 2013, 10:29 AM by Site Admin

The most recent quarterly meeting minutes are available: 2013 Meeting Minutes

73 Sumner is in one of SFs "most popular neighborhoods"

posted Sep 28, 2012, 10:08 AM by Site Admin

A nice mention of unit 302 in the article, though... "The SoMa"? 

http://blog.sfgate.com/ontheblock/2012/09/27/sfs-most-popular-neighborhoods-fetch-dear-rent-indeed/

The SoMa is all the rage now, thanks to tech boom 2.0, aided also by Twitter setting up camp near a less than savory South of Market area in exchange for a tax break. Suddenly the ‘loin is looking more tender and folks are shelling out what used to be Upper-Fillmore prices for anything near the “Multimedia Gulch.”

SFGate: S.F.'s diverse real estate frenzy expected to last

posted May 27, 2012, 10:14 AM by Site Admin

Looks like things have turned around. A quote:

Not only are prices of existing condominiums recovering to prerecession heights, new complexes are springing up, like 299 Valencia, a 36-unit building in the Mission District that is already 60 percent sold, despite the fact it hasn't completed construction yet, according to SocketSite. MillwheelSF, a 32-unit complex under construction in the Dogpatch neighborhood, is pricing its three-bedroom, two-bath units from $719,000 to $825,000. I'm told ground will be broken "very soon" on a second, 299-unit condominium tower at One Rincon Hill.

"We've seen tremendous improvement since the beginning of the year," said Paul Zeger, CEO of Pacific Marketing Associates. "Interest rates are low, and consumer confidence is up. And you could literally own a condo on Third Street cheaper than renting one in most of the city."

For less tony neighborhoods, like the Bayview, with the Third Street light rail providing easy access to downtown, the complex symbolizes a rebirth of sorts.

"You can start to feel it gaining traction, with middle-class buyers moving into a community that had been hollowed out," said Rick Holliday, president of Oakland's Holliday Development, which built 5800 Third St. It's great to watch it come back."

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