Premier Mixed-Use Development in Downtown Napa Prepares To Welcome New Businesses in Early 2018
NAPA, Calif. (April 26, 2017) – First Street Napa, a 325,000-square-foot mixed-use development in the heart of Downtown Napa that will incorporate 45 retail shops and restaurants, new creative office space, and a 183-room Archer Hotel, announced today that 50 percent of its allotted office space has been leased. The tenants, Pacific Union International and Silicon Valley Bank, will enjoy a variety of unique office amenities in addition to easy access to Downtown Napa’s best coffee shops, restaurants, bars, and retail stores. Occupancy is slated for early 2018.
“We are looking forward to transferring our local office to the burgeoning 1300 First Street location,” said Linda Carroll, regional executive of Pacific Union International. “Our team is excited to experience First Street Napa’s ‘live, work, play’ environment firsthand.”
More than one hundred professionals will occupy the second floor office space at 1300 First Street, with those from Pacific Union International and Silicon Valley Bank accounting for a large share of these new office users, adding to the downtown street activity Monday through Friday. The newly redeveloped building will feature high ceilings, abundant natural light, modern lobbies, secure bicycle parking, convenient access to two adjacent parking garages, and 24-hour secured entry and on-site property management. The $200 million First Street Napa redevelopment has brought leading architects, designers, and artists together to create a shared vision of a warm, inviting setting with a distinctly Napa aesthetic to afford employees, locals, and visitors all the amenities they seek in one convenient and comfortable location.
“Silicon Valley Bank has supported the U.S. wine industry for more than 20 years,” said William Stevens, wine division manager for Silicon Valley Bank. “We are excited to expand into downtown Napa at First Street Napa to further our local footprint and build upon our longstanding commitment to the wine industry.”
In addition to the aforementioned office space, First Street Napa’s 1136 First Street location – the National Registered Historic Gordon Building – is available to lease beginning in spring 2018 with 9,849 square feet of Creative Class office space sitting atop new street retail. This historic building was constructed from 1929 through 1935 and showcases Spanish Colonial Revival styling with Spanish Renaissance details.
“We are pleased to welcome Pacific Union International and Silicon Valley Bank to the First Street Napa community,” said Todd Zapolski, principal of Zapolski Real Estate, LLC. “The 2014 earthquake changed the opportunities for the redevelopment project, naturally evolving to the incorporation of upper level offices in the former McCaulou’s space. The desire for a 24/7 energetic downtown community has been affirmed by the overwhelming demand for unique, quality office space in what’s rapidly becoming a hub of activity for the Napa Valley, adding to the growth and synergy of downtown Napa.”
First Street Napa is slated to open the first series of shops and restaurants in late 2017 and is owned and managed by Zapolski Real Estate, LLC and Trademark Property Company. In 2011, Zapolski began assembling various parcels to create this mixed-use project with a vision for a vibrant gathering space with incredible quality, innovation, and a compelling mix of local, regional, and national retailers and culinary artists. For more information, please visit www.firststreetnapa.com.
About First Street Napa
First Street Napa is a 325,000-square-foot mixed-use development located in the heart of Downtown Napa scheduled to open in phases beginning in late 2017. Spanning three city blocks, First Street Napa will feature 45 fashion and specialty retailers, innovative restaurants and wine bars, Creative Class office space, and Archer Hotel Napa, the tallest building in Napa Valley with 143 guestrooms and 40 suites. Catering to the local Napa community and visitors alike, First Street Napa invites people to shop, dine, relax, work, and indulge in an environment complete with exceptional landscaping, living walls, seating areas, amenities, and locally curated art and design. First Street Napa’s retail, agrarian landscaping, approachable dining, and wine country charm make this destination unmistakably Napa. For more information, please visit www.firststreetnapa.com.
About Pacific Union International
Founded in San Francisco in 1975, Pacific Union International, Inc. is the West Coast’s premier luxury real estate brand. With sales volume of $10.15 billion, real estate industry media leaders RISMedia and REAL Trends rank Pacific Union as the eighth-largest brokerage in the U.S. Through its 2015 acquisition of The Mark Company, the nation’s leading sales and marketing firm for new urban luxury developments, Pacific Union expanded its brand to development projects from San Diego to Seattle. In 2016, Pacific Union merged with Los Angeles-based brokerage John Aaroe Group, extending the Pacific Union brand to become the ultimate California real estate company. The strategic alliance of these three powerhouses creates combined 2016 production of $10.15 billion supporting over 1,100 elite real estate professionals in 38 offices throughout the Pacific coast. Extending Pacific Union’s international reach, in 2013 the brokerage established an award-winning Beijing-based China Concierge program that fully supports its Chinese investors on the mainland. Additionally, Pacific Union offers a full range of personal and commercial real estate services, including buying, selling, and relocation in addition to operating joint-venture businesses that provide rental and commercial property management and insurance services. Locally owned, Pacific Union executes with a vision for the future, an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise. For more information, please visit www.PacificUnion.com.