SAN FRANCISCO—In an update to a previous article, The Grove, a popular local café, has signed a long-term lease for a corner location within Equity Residential's One Henry Adams. The 241-residence apartment community with 8,600 square feet of retail is located on Townsend Circle in Showplace Square. This is Equity Residential's first retail tenant, which will be a resident and pedestrian magnet for the apartment community. The Grove is scheduled to open upon completion of One Henry Adams in the fourth quarter of 2016.
Jim Kelly, first vice president of development with Equity Residential, tells GlobeSt.com: "We couldn't be more excited to have The Grove be our first retail tenant at One Henry Adams. In addition to attracting other like-minded local retailers and being a wonderful amenity for our residents, The Grove's decision to come here highlights Equity Residential's efforts to create a residential community that is true to its neighborhood; from the distinctive architecture, to the landscaping, to the amenity and retail mix, One Henry Adams will be a reflection of its surroundings, blending in seamlessly to this bourgeoning neighborhood."
The Grove owners, Kenneth and Anna Zankel, have three other locations in Pacific Heights, Hayes Valley and Yerba Buena, and selected One Henry Adams due to its signature patio area and pedestrian-heavy location in Showplace Square. One Henry Adams residents, visitors and locals will enjoy the delectable specialties for breakfast, lunch, dinner and late night noshing for which this locally owned and run café has become famous. Touted as "San Francisco's Living Room" for its casual and comfortable atmosphere, The Grove offers an extensive selection of beverages ranging from locally roasted coffees and organic teas, to craft and local beers, wines, fresh juices and other non-alcoholic choices.
Equity Residential is targeting a remaining 19,000 square feet at One Henry Adams and the nearby 855 Brannan communities, the firm's nearby mixed-use apartment community located at the corner of 8th and Brannan Street. 855 Brannan features 449 residences and more than 16,000 square feet of prime retail space. Equity Residential is currently in negotiations with other local restaurateurs at 855 Brannan as it looks to bring similar local fare and retail to the growing residential neighborhood.
According to Kelly, "The Grove is a fantastic amenity for the Showplace Square neighborhood, and brings a standard of quality and local flavor that we look to expand upon in our retail mix. As developers of two landmark properties in Showplace Square, we have a commitment to deliver the quality of retail that appeals not only to our residents, but to the vibrant community of fashion, creative and tech companies that call the area home."
According to Equity Residential, 855 Brannan follows One Henry Adams by one quarter, as it is scheduled for delivery in the first quarter of 2017.
"With vertical construction well underway, many local and national retailers are realizing the enormous economic impact the thousands of new residents will have on this previously underserved area. Already a vibrant commercial marketplace, Showplace Square is poised to become yet another 24/7 neighborhood with the addition of One Henry Adams and 855 Brannan," says Kelly.
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