AGI

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Projects » SOMA Grand

Residential Landmark for SF's Emerging Neighborhood in Mid-Market Area

Project:
SOMA Grand
Location:
1160 Mission Street, San Francisco, California
  • 22-story new construction
  • 488,000-sq. ft mixed-use development
  • 246 units residential
  • 5,000 sq. ft. retail space
  • 504-space parking garage

We entitled and developed Soma Grand in the burgeoning Mid-Market District. Through on-site partnerships with a top restaurateur (Charles Phan), and a top hotelier (Joie de Vivre Hospitality), Soma Grand established a dynamic 22-story, 488,000 sq. ft. mixed use development with 246 residential units, 5,000 sq. ft. of retail space and a 504 space parking garage.

The ground-up construction of the mixed-use tower was completed on-time and on-budget. The project maintained a high sales rate allowing for timely payoff of the construction loan, and profitability for its investors, despite an historic downturn in the local and national housing markets. The project was a finalist in the San Francisco Business Times, 2007 Best Transformative Project.

* Soma Grand was completed under AGI Capital Group an independent affiliate of AGI

 

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