Seavest Healthcare Properties recently succeeded in obtaining a health services conditional use zoning change for the 119,262-square-foot 939 Ellis building in Downtown San Francisco. The property had been zoned for commercial office use.
SAN FRANCISCO—White Plains, NY-based Seavest Healthcare Properties has secured approvals from the city to convert what had been a vacant office building in the Van Ness corridor into a 119,292-square-foot medical office building.
The San Francisco Planning Commission approved Seavest's application for a health services conditional use authorization for the building that previously had been zoned strictly for commercial office use.
The seven-story 939 Ellis, which Seavest Healthcare Properties acquired in June 2018 for $49 million, consists of 87,189 square feet of rentable office space, and 53 parking spaces. The acquisition marked Seavest's entrance into the San Francisco real estate market.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
