University of the Pacific

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  • University of the Pacific Wraps SoMa Redevelopment

    The completion of a South of Market district redevelopment project was recently announced by the University of the Pacific. The institution is now set to relocate its operations closer to downtown San Francisco. The project cost the developer around $151 million, the program being subsidized through a fundraising campaign, as well as the sale of two Pacific Heights assets owned by the university. The funds were also sourced from commercial lease revenues. The 40-year-old South of Market building had been under the ownership of the University of the Pacific since 2011, when it was acquired for $47 million.

    San Francisco 07 May 2015 18:42