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Next Gen Mixed-Use Project Reflects Past, Present, Future

Brookfield Properties will break ground this summer on 5M, a four-acre mixed-use project in downtown, which will provide $76 million in public benefits to the SOMA neighborhood and the city.

5M Parking lots and warehouses will become housing, offices and retail amid restored historic buildings (credit: Steelblue).

SAN FRANCISCO—Brookfield Properties will break ground this summer on 5M, a 4-acre mixed-use project in downtown. Overall, the development will provide $76 million in public benefits to the SOMA neighborhood and the city.

“5M and its substantial public benefits will have a positive impact on the immediate neighborhood, as well as the city, with new parks, jobs, housing and opportunities for local businesses,” said Jason Bonnet, Brookfield Properties vice president.

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Lisa Brown

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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