Strada is set to purchase the 18-story office tower at 201 Spear Street in San Francisco’s Financial District. The reported price is just 57% of what KBS Realty Advisors paid for in 2013. The price per square foot puts the deal within the existing range of sales in the region’s struggling post-pandemic office market.
The City has approved plans for the 35-story residential tower at 395 3rd Street in SoMa, San Francisco. The high-rise project is expected to create 524 apartments from a surface parking lot at the corner of 3rd and Harrison Street, overlooking I-80. Strada Investment Group is the developer.
Excavation work is underway for the 16-story mixed-use building at 555 Bryant Street in SoMa, San Francisco. While facade installation has started for the nearby offices, the same contractor is working on the foundation of what will become 501 new homes close to Caltrain Station and the Central Subway line. Strada Investment Group is responsible for the development.
The City of San Francisco has published a certificate of determination to streamline the environmental review process of the 35-story residential tower planned at 395 3rd Street in SoMa. The document summarizes findings that inform the decision, including details about the foundation reaching bedrock. Strada Investment Group is the project developer.
Samuel Merritt University has secured a $139 million bond for constructing their proposed ten-story central campus at 525 12th Street in Downtown Oakland, Alameda County. Along with the bond, SMU is investing $120 million. The over quarter billion dollar investment keeps SMU on schedule for groundbreaking later this year, having received approval in November. Strada is the project developer.
