CIM Launches Project in SF’s Hottest New Neighborhood
CIM Group broke ground in the Golden Gate City’s hottest up-and-coming neighborhood.
By Andie Lowenstein, Associate Editor
San Francisco—CIM Group broke ground on a new condominium project in the Golden Gate City’s hottest up-and-coming neighborhood.
The 350-unit residential development is located on two acres at 1000 Channel Street, also known as Block 1, between 3rd and 4th Streets in the Mission Bay District. 1000 Channel includes nearly 14,000 square feet of ground level retail, three levels of parking and ample private outdoor space and amenities for residents. With approximately 650 feet of frontage along the waterfront, the property offers a desirable lifestyle option, central to San Francisco’s popular shopping, dining, entertainment and business centers.
1000 Channel is situated on one of the last development sites in Mission Bay and is uniquely located adjacent to AT&T Park, nearly one-half mile from the planned Golden State Warriors Sports and Entertainment Center, and convenient to SoMa, Market Street, Union Square and the central business district. The property is also just steps from the Muni Metro Central Subway, anticipated to open in 2018, and the King Street Caltrain Station, providing easy access to the area’s regional freeway network.
CIM has been involved in the Greater Bay Area since 2001 when it recognized communities in the Area with attributes that fit its investment strategy – a proven method focusing on launching and developing urban areas with solid infrastructure and transportation networks.
Additional CIM investments in the SoMa/Mission Bay area include 330 Townsend, a creative office building situated a block from its 260 Townsend Class A office building. In the neighboring South Financial District is 211 Main Street, a Class A office building, 246 1st Street, a five-story office building, and Central Tower, a two-building office and retail complex at 703 Market Street as well as 26 Third Street.
