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AIG, M&M Offspring Plan $90M Mission Bay Project

SAN FRANCISCO-AIG Global Investment and Urban Housing Group will develop an eight-story apartment project near the new UCSF campus.

By Brian K. Miller | Updated on October 31, 2006

(To read more on the multifamily market, click here and for more retail coverage, click GlobeSt.com/RETAIL.)

SAN FRANCISCO-An eight-story residential-over-retail development is slated for a 1.5-acre vacant lot at 555 Mission St., about six blocks from the University of California’s new San Francisco campus. The developer is a joint venture of affiliates of AIG Global Investment and Urban Housing Group, the Los Angeles-based multifamily development subsidiary of Marcus & Millichap Co.

Dubbed 555 Mission Rock, the eight-story building will consist of 192 one- and two-bedroom apartment units and about 10,000 sf of street-level retail space. The development timeline calls for site work to begin in March 2007, with occupancy slated for March 2009.

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