X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
131 Franklin Street The mixed-use circa-1909 trophy building is located at 131 Franklin St.

SAN FRANCISCO—Considered one of the most burgeoning areas in San Francisco, Hayes Valley’s rapid ascent as one of the area’s hippest neighborhoods can be attributed to the vast array of high-end boutiques, restaurants and bars that populate the city plaza. Since the neighborhood’s complete makeover in 1989 and after years of embryonic growth, this once-forgotten neighborhood is now grabbing its share of the spotlight, becoming a boomtown in the process. With the combination of new condominium communities added to the mix, Hayes Valley has become a hot address, according to Compass.

Due to a well-located urban core position in the revitalized Hayes Valley, financing was secured for a mixed-use circa-1909 trophy building located at 131 Franklin St. The 9,580-square-foot freestanding office and retail property also presents an opportunity for vertical development up to 85 feet, further driving its long-term investment potential, notes JM Grimaldi, executive vice president of Continental Partners.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.