SAN FRANCISCO—Partners Oyster Development Corp.and Tricon Capital have secured a $143.5 millionconstruction loan for the development of 1634-1690 PineStreet, which will be named Rockwell.National Real Estate Advisors provided thefinancing, with arrangements made by JLL.
Managing director John Manning and senior vicepresident Alex Witt led the JLL team on thetransaction. The developers say the expanding technology-driveneconomy in the Bay Area, has residential development transitioningfrom rental product to luxury condominium development, and Rockwellis a response.
“San Francisco's condominium market is among the top in thenation, making a major new project in an outstanding location withtop class experience sponsorship a natural for the city,” saidManning. “The project's luxury design, amenity package andproximity to retail will surely lure homebuyers.”
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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.
