SF New Developments

San Francisco Business Times - February 10, 2006 by J.K. Dineen

McGuire Real Estate has snagged the Esprit de Corp. condo project.

The real estate company will market and sell the 142-condo conversion development in the Dogpatch neighborhood at the foot of Potrero Hill in San Francisco. The development is slated to include a mix of one- and two-bedroom lofts, townhouses and mews, which will be priced between $600,000 and $1 million. The developer of the former Esprit de Corp. headquarters at 900 Minnesota in San Francisco is Build Inc. Esprit vacated the building in 2001.

The project will also include a commercial component, a café, 168 inside parking spaces and significant open space. The condos will feature one- and two-bedroom units selling for $600,000 to $1 million. McGuire has been increasing its sales of residential developments that focus on urban in-fill and the conversion of historic properties, most recently with The Landmark Union Square at 333 Grant Ave.

This development was the first of several conversions of office buildings to residences that are taking place in the city”s downtown area. Rob Levy, McGuire partner and manager of McGuire”s development sales group, said he hopes to pre-sell 75 percent of the units. The Esprit condo development is the biggest housing development in the Dogpatch neighborhood. It will include large open courtyards. “(Build Inc.) has really tried to create something that fits into the neighborhood,” Levy told the Business Times.

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