Shared: SoMa's Big Residential Trade (BisNow)

SoMa's Big Residential Trade 

Via BisNow Newsletter (San Francisco > Commercial Real Estate)

Build Group's rendering of the tower, which is currently known as 1401-1415 Mission.

We just learned about yet another residential site near Twitter that's making headlines (so we'll keep this lead under 140 characters).

Behringer Harvard just scooped up 1401 Mission, which is already underway at the corner of 10th and Mission. Sources also tell us the deal closed last Friday. The Addison, Texas-based housing giant currently doesn't have a huge local presence; one of its only other S.F. properties is Argenta, a 179-unit luxury high-rise at 1 Polk. The Behringer camp did not respond by press time to a request for comment. About two years ago Martin Building Co bought the site, then an auto repair shop. (Which we learned a year and a half ago when we tried to get our axles realigned.)

Please click here to read the rest of the article from BisNow.

---------------------------------------------------------------------

For more news on San Francisco happenings, including news on real estate, global investments, local Bay Area news, please follow my Facebook page here.