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5/24/17
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Square Mile Capital Management LLC has originated a $66.5 mil in construction money to finance the development of a multifamily / retail project in San Francisco. The project is a development of Rescore REIT, a private REIT sponsored by Encore Capital Management, and local developer, Presidio Development Partners.
The development is located at 1699 Market St, in San Francisco’s SoMa neighborhood between Valencia and Gough Streets. It will consist of a nine-story building featuring 160 residential units, 3.9k sf of retail space and 82 parking spaces.
Amenities will include a club room, fitness center, chef's kitchen and dining, outdoor seating with fireplace, roof deck with barbeque area, fire pit, community garden, and a dog run. The project is expected to be completed in 2019.
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