SAN FRANCISCO-Shorenstein Properties hopes to add to its Mid-Market investments with a proposed 12-story apartment tower at 1066 Market St.
According to a report from the San Francisco Business Times, the 301-unit development would be the first project by the newly-formed Shorenstein Residential. The website describes the new entity as a family investment vehicle that is separate from the CRE funds operated by the San Francisco company.
The $86 million project, which is being designed by Bernardo Fort-Brescia of Arquitectonica, would feature a 12-story towerfronting Market Street, but much of the 300,000-square-foot complex would spread out on surface parking lot on the Tenderloin side of Market Street.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
