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8/28/17
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General Investment and Development, out of Boston, has purchased Eviva, a recently completed, 129-unit residential project in San Francisco’s Mission Bay District. From what we’ve heard, the property, located at 360 Berry St, a couple of blocks from UCSF Medical Center at Mission Bay, sold for around $86 mil ($668k/unit) in an all-cash deal.
Eviva was sold by Atlanta-based Integral Development, which completed construction of the project earlier this year. It includes 26 affordable units, with the remaining 103 apartments, or 80%, going for market rents. It has been renamed as Mission Bay by Windsor by the new ownership.
Phil Saglimbeni, Stan Jones and Sal Saglimbeni with Institutional Property Advisors, represented the seller in the transaction.
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