SAN FRANCISCO-Trumark Urban has closed on twoprominent development sites and a joint venture withHillwood West, a division of HillwoodInvestments, a Dallas-based development company. HillwoodWest is committing to a substantial amount of equity necessary tobuild seven condominium projects with more than 600 units indesirable San Francisco neighborhoods with a total investment costexceeding $400 million.

The first project proposes a redevelopment of theexisting Dugoni School of Dentistry at 2155Webster Street in Pacific Heights into 77condominiums at a total cost of $155 million.

“We are proud to begin the redevelopment of this attractiveproperty and tremendously improve the traffic in the area,” saidArden Hearing, managing director of Trumark Urban.“Our new residential plan works within the current buildingenvelope and will reduce parking and traffic demands by more than50%.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.