Commercial Buildings (Under Construction) – San Francisco – 94103 – 10/14
Market Street Place,935-965 Market St.
Seen as a major contributor in the revitalization of the blighted Mid-Market corridor, work began nearly a year ago on the plot at 935 Market Street with the removal of the old St. Francis Theater. That work finished up in the fall and the parcel has sat mostly untouched since then. Momentum to construct the new 250,000 sq. ft. retail palace seemed to have been lost when Nordstrom Rack chose to anchor the existing 901 Market Street location next door. That decision came around the same time demolition work was being completed and the project has gone silent since. The website for the project is still live (with no updates since April) and Mid-Market is still booming, so the developers are most likely in a holding pattern until they find an anchor tenant they can plan around.
One of the nation’s strongest retail districts lies in the Market Street and Union Sqaure area, which is home to flagship stores for many domestic and international retailers. It’s the hub of public transportation. And the new home of maket Street Place.
250,000 square feet of retail space and a striking glass-front exterior.
6 levels of retail space
Large floor plates of up to 45,000 square feet available
Up to 270 ft of frontage, offering high visibility
In addtion to convenient transportation hubs,multiple loading docks and freight elevators.
#3 Tourist Attraction
in all of San Francisco is the Powell Street cable car, just a short walk from Market Street Place.
1.6M+ tourists per yer visit Market Street
15K+ quality hotel rooms within five blocks of Market Street Place
$332.81 visitor spend per day while in the city
4K+ residential units in the immediate trade area
50K+ high-income residents within a five-minute walk of Market Street Place
4.5K+ new, high-value residential units under development within a 10-block radius
36,000 employees within a five-minute walk of Market Street Place.
The new home for Twitter,Doldy,Yelp, Yammer and Benchmark Capital.
$500 million invested here since April 2011
The Federal Building, just two blocks away, is occupied by more than 2,200 employees.
2nd largest Bloomingdale’s in the city (after the New York flagship) can be found in Mid-Market.
100,000 square feet is the size of Old Navy’s flagship store one block away.
-The Metreon Cineplex boasts some of the highest ticket sales in the country
-Just blocks from the Orpheum, Warfield and Golden Gate Theaters
-Yerba Buena Center for the Arts is a few blocks away
-Mint Plaza to become a new cultural center behind Market Street Place
56,000+ weekday pedestrian traffic. On Saturdays the number jumps to 63,000
250K+ daytime population within two-minute drive
400K daytime population within a five-minute drive
112K daily passengers via Muni routes + BART
Market Street Place Partners
SRS Real Estate Partners
SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS’ strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders.
Cypress Equities companies* (Cypress) were first conceived in 1995 and have since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S.Â Historically, Cypress has developed and/or managed more than 12 million square feet and currently is developing and/or managing more than 7.5 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Chicago, Atlanta and Fort Lauderdale.
* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.
The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $156 billion of assets under management across 99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle’s purpose is to invest wisely and create value. Carlyle invests across four segments â€“ Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions â€“ in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has developed expertise in various industries, including: aerospace, defense government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs approximately 1,300 people in 32 offices across six continents.