288 Pacific delivers condominium residences and penthouses
SAN FRANCISCO (February 27, 2018) – Grosvenor Americas (Grosvenor), a property investment and development company, announced today the commencement of sales at 288 Pacific, a rare offering of 33 condominium homes in the coveted historic neighborhood of Jackson Square in downtown San Francisco. Sales officially began last week, with property tours available through www.288Pacific.com.
The seven-story, mixed-use development, designed by Handel Architects, features studios, one-, two-, and three-bedroom residences and terrace penthouses, many with private outdoor space and up to eleven-foot ceilings. The property is enhanced with private at-grade mechanized parking for each home; bike parking; two rooftop terraces; and an exquisitely detailed lobby with concierge service.
“Jackson Square is in the heart of San Francisco,” said Steve Buster, Senior Vice President of Development at Grosvenor. “288 Pacific is immersed in San Francisco history with its location among some of the City’s most historic buildings on the edge of the old Barbary Coast. It is the ideal residence for the discerning homeowner who seeks the classic San Francisco experience, coupled with the highest quality architectural and interior design, in an unmatched location. The homes at 288 Pacific embody Grosvenor’s ‘Living cities’ philosophy, wherein thoughtful design in a well-connected, urban context is at the helm of everything we do.”
Rich in materiality and craftsmanship, 288 Pacific was designed with a striking, contextual façade featuring oversized windows framed by bronze-toned mullions. The building makes an architectural statement and fits within the aesthetic of Jackson Square; the exterior not only pays homage to the storied neighborhood, but simultaneously celebrates its discreetness.
The property, at one time on the historic waterfront of San Francisco, was the subject of a 2016 archeological excavation, undertaken to determine what, if any, historical artifacts lay beneath. After a 12-week excavation period, a portion of the Arkansas was discovered—a three-masted ship that was abandoned during the Gold Rush and used as a storefront and saloon in the mid-1800s. After documenting this discovery, the City of San Francisco and the San Francisco Maritime National Historic Park requested that the Arkansas remain untouched by construction, left in situ beneath the project. Click here to see the video documenting the discovery.
Jackson Square is one of San Francisco’s most style-forward districts, encompassing quaint, tree-lined blocks filled with unique retail boutiques, art galleries, bookstores, cafes and critically acclaimed restaurants, and located in close proximity to the Embarcadero waterfront, North Beach, the Financial District and Union Square.
Grosvenor’s first residential project in San Francisco was 1645 Pacific, a boutique 39-unit mixed-use project located at the convergence of Nob Hill, Russian Hill and Pacific Heights. The company is currently developing a 44-unit residential offering at 875 California, one of the last developable parcels on Nob Hill, which is set to deliver in 2019.
Grosvenor, one of the world’s largest private international property groups, works in some of most dynamic cities around the globe. We are guided by our ‘Living cities’ philosophy; we strive to create, manage and invest in properties and places that contribute to the enduring success of the cities in which we work.
With 300 years’ experience as steward of our London estate, we believe we can help cities grow and evolve in ways that are socially, economically and environmentally sustainable. We aim to make a long-term contribution to these cities’ future success by using creative design, high quality building materials and innovative environmental solutions in our development projects, and through intelligent management of our property assets. In doing so, we strive to create places in which people will want to live, work and enjoy their free time.
By taking a long-term approach, we are able to combine our global expertise with local knowledge and cultural understanding. We want our projects to reflect the spirit of the individual city and to foster thriving communities. We work closely with local communities, businesses and civic authorities, and with our partners, consultants and other developers to achieve this.
Today we have 17 offices in 11 countries and assets in 17 countries. We have regional investment and development businesses in Britain & Ireland, the Americas and Asia Pacific. We also have indirect investments, managed centrally. As of 31 December 2016, Grosvenor Group had assets under management of $13.8B USD.
Unusually for a private company, Grosvenor publishes a detailed reporting suite – Annual Review, Financial Statements and a Non-Financial Data Report – all available at: www.grosvenor.com Twitter: @GrosvenorGRP
Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. Grosvenor Americas uses their knowledge of the cities they work in and their property skills to develop projects that contribute to the vibrancy and attractiveness of those communities. With particular interest in retail, residential condominiums and apartments, and mixed-use sectors, the Company currently operates in Washington, D.C., Seattle, San Francisco, Los Angeles, Vancouver and Calgary. As of 31 December 2016, Grosvenor Americas had assets under management of $4.6B USD. www.grosvenor.com Twitter: @GrosvenorAmer.