Hip Hayes Valley Mixed-Use Asset Scores Funding

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.