SAN FRANCISCO, April 15, 2013 – Colliers International has been retained as the exclusive marketing agent for 41 Tehama, a fully entitled residential project designed and approved for 341 units, located in the Transit Center District of San Francisco. The site is owned by Tehama Partners, LLC. Colliers International’s Investment Services Group, which includes Tony Crossley, Frank Wheeler, Tim Maas, and Erik Hanson, will market the site on behalf of ownership.[contextly_sidebar id=”0dc3a0114551ce24022b2ea5d2f20875″]The luxury residential project was LEED-designed by Arquitectonica and will feature 31 floors with stunning 360 degree views, an expansive outdoor plaza, fitness center, clubroom, rooftop solarium, ground floor retail space, and three floors of subterranean valet parking.
Located just two blocks from the under construction $4.7 billion Transbay Transit Center, 41 Tehama Street boasts an incredible, urban infill location in the center of an area rapidly becoming the core of downtown San Francisco. 41 Tehama Street represents the increasingly rare opportunity to acquire a fully entitled high-rise residential development site in the most rapidly transforming area of downtown San Francisco. The Project is poised to benefit from the tremendous infrastructural development in the immediate area, excellent access to the downtown core and public transportation, and the continued demand for luxury residential product in San Francisco.
“This is an excellent opportunity for a developer to acquire a first-class, fully entitled residential development site in the future core of San Francisco” said Tony Crossley, Executive Vice President.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
Rendering by steelblue for Fritzi Realty courtesy of Colliers International