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333 12th Street City Gardens student housing complex will have a total of 200 units and 618 beds when built.

SAN FRANCISCO—With a significant shortfall in housing in general, but also in student housing, the city is desperately in need of quality projects to plug the gap. Fortunately, another 600-plus beds are on the way at 333 12th St.

New project City Gardens will be a type 1B building, eight-story student housing complex with a total of 200 units and 618 beds when complete. CapitalSource recently provided a construction loan in the amount of $82.3 million to finance the development. The borrower, owner and operator, Panoramic Interests, is a student housing property designer.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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