SAN FRANCISCO, Sept. 08, 2017 (GLOBE NEWSWIRE) -- Swinerton and Grosvenor Americas, a property investment and development company, have topped out at 288 Pacific, a seven-story luxury condominium project located in the historic Jackson Square district of San Francisco.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3e181909-542f-4ca3-942a-247b467a00c8
The project is targeted for LEED® Gold certification and features 33 market-rate units. Designed by Handel Architects, 288 Pacific blends in seamlessly with the neighborhood’s historic masonry buildings. The building’s L-shaped footprint surrounds the iconic Old Ship Saloon, one of the oldest bars in San Francisco, on the corner of Pacific and Battery Streets.
“288 Pacific will offer unique layouts and remarkable views of downtown San Francisco, the San Francisco Bay and the historic Jackson Square neighborhood,” said Steve Buster, Grosvenor’s Senior Vice President of Development. “Swinerton is one of the most respected contractors in the City and has been an exceptional partner. This milestone is a huge step toward delivering the kind of boutique condominium residences that this dynamic neighborhood has never seen before.”
Amenities at 288 Pacific include high-end finishes and balconies, at-grade parking with car stackers, and bike parking. The ground floor will have two retail spaces.
The project site is on the historic waterfront of San Francisco, and an archeological dig was conducted to examine the site for artifacts. After a 12-week excavation period, a portion of the Arkansas was discovered—a three-masted ship that was abandoned during the Gold Rush and used as a storefront and saloon in the mid-1800s. After documenting this artifact, the City of San Francisco and the San Francisco Maritime Historic Park requested that the Arkansas remain under the project.
About Swinerton
Swinerton provides commercial construction and construction management services throughout the United States and is a 100% employee-owned company. Recognized nationally since 1888, Swinerton is the preferred builder and trusted partner in every market it serves—proudly leading with integrity, passion, and excellence. For more information on Swinerton, visit Swinerton Builds Tomorrow, Facebook, Twitter, Flickr, LinkedIn, and Instagram.
About Grosvenor Group
Grosvenor Group has 17 offices in 11 countries and assets in 16 countries. The Group has regional investment and development businesses in Britain and Ireland, the Americas, and Asia Pacific. The Group’s international fund management business operates across Continental Europe. It also has indirect investments, managed centrally. Unusual for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative - available at: www.grosvenor.com.
About Grosvenor Americas
Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. Grosvenor Americas uses their knowledge of the cities they work in and their property skills to develop projects that contribute to the vibrancy and attractiveness of those communities. With a specific interest in retail, residential condominiums and apartments, and mixed-use sectors, the Company currently operates in Washington, D.C., Seattle, San Francisco, Los Angeles, Vancouver and Calgary. As at 31 December 2014, Grosvenor Americas had assets under management of $2.3B USD. For more information, please visit www.grosvenor.com.
Contact:
Meggie Hollywood
415.984.1202/415.307.4100
meggie.hollywood@swinerton.com