Tishman Speyer Secures $117.8 Million Loan From Ares Management For Mixed-Use Development In San Francisco

The mixed-use property at 1070 Bridgeview Way in San Francisco, CA encompasses 315,000 square feet and sits on 1 acre of land. The asset has been financed with a loan amount of $117.8 million from Ares Management, replacing a previous construction loan of $116.2 million from Wells Fargo, originated in 2022. The project includes 313 apartments, office space, and ground-floor retail, having completed construction in 2024.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $117,800,000
• Address: 1070 Bridgeview Way
• Market: San Francisco, CA
• Asset Type: Mixed-use ~ SF: 315,000 ~ ACRES: 1
• Lender: Ares Management
• Landlord: Rob Speyer - Tishman Speyer

Rob Speyer represents the landlord, Tishman Speyer, in this transaction. The financing marks a significant step in the development of the Verde at Mission Rock project, which aims to enhance the waterfront area of San Francisco with residential and commercial spaces.