The greatest shooter of all time bricked his attempt to build a headquarters for his business empire.
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Golden State Warriors star Stephen Curry sold a San Francisco property within walking distance of the NBA team’s arena that was slated to be developed into the hub for his business empire.
Curry, who has at least one season left with the Warriors, sold a vacant, two-story industrial property at 600 20th St. in San Francisco’s Dogpatch neighborhood two years after buying the site, which is also near the long-stalled Pier 70 redevelopment being led by Brookfield Properties.
The four-time champion who has made more 3-point shots than any player in NBA history paid $8.5M for the property in 2024. The price amounted to more than six times what the prior owner paid, but Curry sold it for $10.5M, property records show. The San Francisco Chronicle was the first to report the sale. The buyer was Dane Reinsurance, a Utah-based company with an office in San Francisco.
The property was slated to become the headquarters for Thirty Ink, Curry’s business group that includes athletic, lifestyle, technology and philanthropy brands. A request was filed with the city in April 2024 to demolish the 9,200 SF building and replace it with a five-story, 25K SF property with lab, office and residential space.
San Francisco’s office market is in the midst of a two-year-long recovery driven by leasing from tech and artificial intelligence firms after the sector was battered by the pandemic. Vacancy at the end of the second quarter was still high at 29% but was a marked improvement from the 37% rate two years earlier, according to CBRE.
Dogpatch is its own distinct neighborhood just south of Chase Center inside the broader Mission Bay and China Basin markets that together have the tightest office vacancy in the city at 17% as firms including OpenAI rapidly grow their footprints in the area, which also boasts the highest rents in the city.
The property Curry sold is just blocks away from the massive Pier 70 redevelopment that’s been in the works since 2017 and is now being led by Brookfield. Construction began in 2018 as a public-private partnership with the Port of San Francisco and developer Forest City before stalling.
Brookfield eventually took over, but very little of the planned 28-acre mixed-use development has been finished. The New York-based developer asked the city for approval to increase the maximum number of residences at the property in July, a move it said would allow it to begin construction next year, the Chronicle reported.
In recent years, Curry and his wife, restaurateur Ayesha Curry, have sold several residential properties, the Chronicle reported. They sold an estate near Silicon Valley earlier this year for $29M, five years after selling another home in the same neighborhood for $32M. They've sold at least two other residences in California in the last decade.
The pair’s residential purchases over the past three years include a $50M mansion in Malibu, California, and a $2.1M vacation home in Florida.
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