Bisnow Exclusive: NEMA for Sale?

The wildly successful apartment project next to Twitter could be going up for grabs. Bisnow sources say owner Crescent Heights recently brought in HFF's local team to explore opportunities.

As of last month, the 754-unit luxury project was 97% occupied, just a little over a year after opening, and the building's latest addition is an expansive art installation at the corner of 10th and Market, called Promised Land. Crescent regional ops manager Roman Speron tells us he has no comment.

The potential buyer of the four residential towers would inherit an insanely snazzy 11k SF gym, The Wright Fit, conceived by famous fitness guru Jay Wright. Workout fanatics can soak off the sweat outside in the nearby 60-foot heated saline lap pool. We broke the news last year about Crescent taking over the Honda dealership at Market and South Van Ness, and the team is now working on the plans for the apartment project.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction