Lower Polk Community Partnership Celebrated
San Francisco, CA – Pacific Eagle Holdings, a vertically integrated real estate company with more than 20 years experience in San Francisco, is pleased to announce the ceremonial groundbreaking at 1545 Pine Street – the location of Pacific Eagle’s first ground up, for-sale condominium project in San Francisco. The occasion marks Pacific Eagle’s entry into the thriving Lower Polk Neighborhood, a uniquely San Franciscan urban living experience. The property’s convenient location and walkability to shops, restaurants and nightlife in the Polk Street neighborhood ensures that it will be a sought-after residence.
The project is expected to be comprised of approximately 100 homes on twelve floors, with three ground floor retail spaces, and is slated for completion in early 2017. Future residents can expect to enjoy prized on-site amenities such as outdoor patios and roof decks, a social lounge space, a dog-washing facility, fire pits, and BBQ stations. Hans Galland, Vice President of Development and Acquisitions for Pacific Eagle explains, “Pacific Eagle looks for opportunities to develop properties that will establish a strong relationship with their surrounding neighborhoods. At 1545 Pine Street, we expect residents to find an experience that is smart, progressive and connected to Lower Polk’s character.”
In keeping with its strong dedication to the community, Pacific Eagle will provide one of the three retail suites on the building’s ground floor to the Lower Polk Community Benefit District (CBD). The CBD manages a special financial assessment collected from the neighborhood to fund improvements to Lower Polk’s livability and vitality. The CBD will use the space fronting Austin Alley to simultaneously house its operations and a gallery for local artists.
The activation of Austin Alley will continue the momentum of the Lower Polk Alley Initiative, a major undertaking of the Lower Polk Neighbors community group. The goal of the initiative is to reimagine the six alleys extending from the Polk Street commercial spine as urban open spaces and develop new opportunities to engage the community around these improvements.
“Pacific Eagle’s staunch support of the Lower Polk Alley Initiative shows its commitment to local priorities and integrating into the community. Gallery space on Austin Alley will provide increased pedestrian activity and interest in the neighborhood,” said Chris Schulman of the CBD.
Andrew Chandler, president of the Lower Polk Neighbors community group, added, “1545 Pine Street is the first of many new residential buildings coming to Lower Polk. We hope the level of cooperation and collaboration shown by Pacific Eagle will be a model for future projects as a way to bring housing and improvements to the district.”
As the groundbreaking falls in the holiday season, Pacific Eagle has announced it is teaming up with La Voz Latina, and is helping to sponsor the 2nd annual Winter Wonderland. The evening celebrates the season with a delicious Mexican feast, gift bags for neighborhood families, and presents for kids.
1545 Pine builds on the strength of a robust team including project architects Arquitectonica and BDE Architecture, general contractor Swinerton Builders, marketing experts The Mark Company, and finance partners OCBC and Regency Capital.
Pacific Eagle Holdings is also developing two additional properties in San Francisco. The first proposes a neighborhood-centric hotel at 1125 Market Street, next to the landmark Strand Theater and across from U.N. Plaza in Mid-Market. The second is planned to be a mixed-use condominium and hotel tower at 555 Howard, adjacent to the forthcoming Transbay Transit Center. Similar to the company’s work in the Lower Polk Neighborhood, Pacific Eagle envisions that both projects will integrate into and have a positive impact on their local neighborhood communities.
About Pacific Eagle
Pacific Eagle Holdings Corporation is a highly skilled real estate investor with deep experience in development, property, and asset management. The company operates a vertically integrated real estate business, having owned and operated its own commercial real estate properties since its inception. Leveraging its broad-based network, the company acts as fiduciary managing investments in real estate assets on behalf of third parties.