Equity Residential Signs Lease with The Grove as First Tenant at One Henry Adams

Equity Residential, One Henry Adams, The Grove


The Grove’s 3,650SF Corner Location Represents the Fourth Outpost for the Nationally Acclaimed Restaurant and Highlights the Quality of Retail Equity Residential is Targeting for the Remaining 19,000SF at One Henry Adams and the Nearby 855 Brannan Communities

(San Francisco, CA – November 11, 2015) – The Grove, a critically-acclaimed and popular local café, has signed a long-term lease for a corner location within Equity Residential’s One Henry Adams, a 241-residence apartment community with 8,600 square feet of retail on Townsend Circle in Showplace Square, announced Jim Kelly, First Vice President – Development, with Equity Residential. The Grove is scheduled to open upon completion of One Henry Adams in the fourth quarter of 2016.

According to Kelly, “The Grove is a fantastic amenity for the Showplace Square neighborhood, and brings a standard of quality and local flavor that we look to expand upon in our retail mix. As developers of two landmark properties in Showplace Square, we have a commitment to deliver the quality of retail that appeals not only to our residents, but to the vibrant community of fashion, creative, and tech companies that call the area home.”

The Grove owners, Kenneth and Anna Zankel, have three other locations in Pacific Heights, Hayes Valley and Yerba Buena, and selected One Henry Adams due to its signature patio area and pedestrian-heavy location in the heart of Showplace Square. One Henry Adams residents, visitors and locals will enjoy the delectable specialties for breakfast, lunch, dinner and late night noshing for which this critically-acclaimed, locally owned and run café has become famous. Touted as “San Francisco’s Living Room” for its casual and comfortable atmosphere, The Grove offers an extensive selection of beverages ranging from locally roasted coffees and organic teas, to craft and local beers, wines, fresh juices and other non-alcoholic choices.

In addition to One Henry Adams, Equity Residential is currently in negotiations with other local restaurateurs at 855 Brannan, the firm’s nearby mixed-use apartment community located at the corner of 8th and Brannan Street. 855 Brannan features 449 residences and more than 16,000SF of prime retail space. Equity Residential looks to bring similar and complementary local fare and retail to this growing residential neighborhood. According to Kelly, “With vertical construction well underway, many local and national retailers are realizing the enormous economic impact the thousands of new residents will have on this previously underserved area. Already a vibrant commercial marketplace, Showplace Square is poised to become yet another 24/7 neighborhood with the addition of One Henry Adams and 855 Brannan.”

According to Equity Residential, One Henry Adams is scheduled for completion in the fourth quarter of 2016, with 855 Brannan scheduled for delivery in the first quarter of 2017.

Retail Inquiries should be directed to Wana Sims, Commercial Portfolio Manager – Investments for Equity Residential at wsims@eqr.com.

About Equity Residential
Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 392 properties consisting of 109,397 apartment units. Equity Residential has five multi-family assets currently in development in San Francisco, delivering approximately 1,800 apartment homes during the next two years. For more information on Equity Residential, please visit our website at www.equityapartments.com.

West Coast Commercial Real Estate News