(SAN FRANCISCO) – Hines, the international real estate firm, today announced that its boutique multifamily property management firm, Willowick Residential, will be the property management company for 33 Tehama, a 278,000-square-foot luxury apartment community in San Francisco’s South of Market (SoMa) neighborhood. This project marks Willowick Residential’s first project in the west region of the United States.
“Building upon recent success, Willowick Residential is carrying it’s momentum to the West Coast and continuing to grow its property base,” said Lisa Newton, senior vice president of multifamily operations at Hines. “This is an exciting time for multifamily with the increasing demand for high-caliber, luxury offerings and Willowick Residential is ready to help lead and transform multifamily operations to elevate the standard of living across the US.”
Designed by Arquitectonica, 33 Tehama offers 403 luxury urban-style residences in a 35-story building and features a best-in-class amenity package, including a wellness spa, fitness center, clubroom, rooftop solarium, outdoor terrace, work space, and future ground-floor retail/art space. The complex is surrounded on two sides by Oscar Park and is situated one block from the Transbay Transit Center. Additionally, the building features a sculpture by world-renowned, Japanese contemporary artist Yayoi Kusama, titled Flowers That Bloom at Midnight that is displayed in the plaza outside the tower lobby for the enjoyment of residents and the public.
33 Tehama’s central location provides excellent vehicular and public transit access to both the East and South Bay. Residents are a block away from the Transbay Transit Center, which offers multi-modal transit options including bus services to North and East Bay and the Caltrain to Silicon Valley and San Jose. The Embarcadero BART and MUNI station is also less than two blocks away and the project also provides immediate proximity to Interstate 80 (Bay Bridge).
“33 Tehama has redefined the meaning of luxury residences and offers residents cosmopolitan living, sophisticated design, and unrivaled amenities in an incredible SoMa location,” said Paul Paradis, senior managing director at Hines. “Willowick Residential embodies these characteristics and is an ideal partner to bring into the 33 Tehama family to continue to serve our residents with the highest property management standards.”
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 240 cities in 27 countries. Hines oversees a portfolio of assets under management valued at approximately $160.9 billion¹, including $81.7 billion in assets under management for which Hines serves as investment manager, and $79.2 billion representing more than 172.9 million square feet of assets for which Hines provides third-party property-level services. Historically, Hines has developed, redeveloped or acquired approximately 1,450 properties, totaling over 485 million square feet. The firm has more than 180 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2020.