Dogpatch Mixed-Use Project Gets Funding

SAN FRANCISCO–Financing for the ground-up development of a residential condominium and retail building located at 645 Texas St. has been provided to a joint venture between Trumark Urban, the mixed-use development arm of Trumark Companies, and Hillwood as the equity partner. PCCP LLC provided the $48 million senior loan for the project.

Construction is anticipated to begin in summer 2015 with completion anticipated for late 2016. The fully entitled project, Knox, will consist of 91 condominium units with 625 square feet of ground-floor retail and 67 subterranean parking spaces in the amenity-rich Dogpatch/East Potrero Hill neighborhood near downtown. The condo units will include one- and two-bedroom units as well as three-bedroom penthouse units–a rare feature for the neighborhood. Communal spaces and locally sourced artwork, including a water feature created from a reclaimed bridge, will decorate the development’s interior.