JK Dineen has the deets on recent real estate activity, some changes at Sixth and Market:
A month after an Twitter committed to taking 200,000 square feet at 1355 Market St., the private group that has long owned 995 Market St. has decided to test the investment market waters. The building is one of the relatively few large office structures included in area the Board of Supervisors recently made exempt from the city’s payroll tax. The tax break was crafted to keep Twitter in San Francisco, after the company threatened to move to Brisbane. The 97,578-square-foot building is on the southeast corner of Sixth and Market streets, an intersection on San Francisco’s skid row that a real estate marketing professional might charitably call “lively” or “dynamic.”
But that’s not all - you see what’s going on across the way at 1001 Market? There must be some kind of business going on behind all that naked wood.
Here it is. (Can you spot the corners of the 995 building where the owners gave up trying to get the green tiles to stick?)
Click to expand
Or so I’m told.
By somebody who would know, ’cause he keeps his eyes on things.
Mmmm… Will May 2011 be seen as the bottom for Sixth and Market?
In the meantime, here’s February 2011:
Tags: 1001, 1355, 2011, 6th, 995, alley, bay area, bluoz, building, burning man, Business Times, california, crime, Dineen, green, JK, JK Dineen, live soma, livesoma, market, passion cafe, police, San Francisco, san francisco Business times, SFPD, sixth, stevenson, street, twitter, twitterloin