45 Third Street
Mixed-Use Tower
San Francisco, CA
Entitlement of a signature mixed-use tower with hotel and residential as the focal point of project in the heart of Downtown San Francisco.
Asset Type
Hotel / Residential / Mixed-use
Acquired
Option Agreement executed 2020
DEVELOPED
TBD Development Start
Scope
600’ Mixed-use Tower
Key Investment Thesis
With a location at the convergence of business and tourist activity in San Francisco and a desirable housing and hospitality mixed use profile, 45 Third Street is poised to be one of the beneficiaries of San Francisco’s push to support new large housing-oriented developments in the City core.
JMA Value Creation
JMA and its partner Build Inc. were selected by the Hearst Corporation as the optionee after a highly competitive RFP process involving some of the largest and most highly regarded tower developers in the nation
Developed project concept, programming and design alongside international design firm Skidmore Owings & Merrill
Submitted project preliminary application to San Francisco Planning Department to move forward entitlement process and full entitlement
Engaged with world class membership based residential operator on 45 Third project branding and programming
