Cesar Chaves - Mission District Large Land development SB79 1.82 Acres of Commercial Land Offered at $80,963,362 CAD in San Francisco, CA 94110

* The Asset: Acquire a +/- 82,000 square foot, fully vacant development parcel in the heart of San Francisco's Mission District. This scale is exceptionally rare in a dense urban core, offering a unique "blank canvas" for a landmark project.
* Market Context: San Francisco's real estate market is experiencing a significant rebound in the multifamily sector, driven by robust demand and constrained supply.
* Our Vision: Develop a premier market-rate mixed-use residential and commercial building, specifically designed to attract and retain the city's thriving tech workforce.
* Strong Multifamily Fundamentals:
* San Francisco's multifamily market is robust, with vacancy rates falling below 5% in Q2 2025.
* Rents are among the fastest growing nationally, with San Francisco leading the nation at 6.8% year-over-year rent growth.
* Supply is highly constrained, with less than 2,000 units currently under construction citywide.
* Target Demographic – The Tech Workforce:
* Tech workers, particularly younger professionals, seek high-quality urban living within the Bay Area, even if they commute to Silicon Valley.
* The AI boom is driving significant demand for office space in San Francisco, indicating a strong and growing local tech presence that requires housing.
* OpenAI's headquarters is already in the Mission District, and Nvidia is expanding its presence in San Francisco, signaling a strong tech footprint in the city.
* Walk Score: 99-100 ("Walker's Paradise") – Daily errands do not require a car.
* Transit Score: 84-87 ("Excellent Transit") – Easy access to public transportation.
* Bike Score: 96-97 ("Biker's Paradise") – Ideal for cycling commutes.
* Strategic Commute Times for Tech Workers:
* To SFO: Approximately 26 minutes by BART from 16th Street / Mission station, or 16 minutes by taxi/car.
* To Silicon Valley (e.g., Mountain View): Approximately 59 minutes by Caltrain from San Francisco Caltrain Southbound, or 42 minutes by car.
* Vibrant Urban Corridor: Valencia Street is a thriving thoroughfare known for its eclectic mix of independent shops, trendy restaurants, and a dynamic cultural scene.  
* New Entertainment Zone: Valencia Street launched as a new Entertainment Zone in June 2025, allowing outdoor consumption of beverages, further boosting vibrancy and foot traffic.   ??
* Size & Vacancy: A +/- 82,000 square foot, fully vacant development parcel. This is an exceptionally rare find in San Francisco's urban core, offering unparalleled flexibility. [User Query]
* Favorable Zoning (Valencia Street NCT District):
* Explicitly encourages housing development above the ground story.   ??
* Leveraging State Laws for Housing:
* California's Density Bonus Law and the Housing Accountability Act (HAA) are designed to streamline approvals for housing projects, limiting grounds for rejection to demonstrable "specific adverse impact on public health or safety."  
* The project contributes to San Francisco's state mandate to plan for 82,000 new housing units by 2031.
* Strategic Community Engagement:
* Acknowledge the Mission District's history of anti-gentrification activism.   ?
* Proactive and transparent dialogue with community leaders is crucial.
* Focus on how the market-rate development contributes to the overall housing supply and supports local businesses in the ground-floor retail, aligning with broader community needs.   ??
* Robust Rental & Sales Potential:
* San Francisco's multifamily market is experiencing a significant rebound, with strong demand and rising rents.
* The Mission District residential market remains competitive, with homes often selling above list price.   ??
* Opportunity: Invest in a rare, large-scale development site in one of San Francisco's most desirable and transit-rich neighborhoods.
* Market Alignment: Capitalize on the strong demand for high-quality market-rate housing from the city's thriving tech workforce.
* Strategic Vision: Execute a mixed-use project that delivers exceptional urban living, integrates seamlessly with the vibrant Mission District, and offers compelling financial returns.
* Invitation: We invite you to explore this unique opportunity further and discuss how this investment aligns with your portfolio objectives.