Marquee San Francisco Development Opportunity on Washington Square Park

Colliers, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire 659 Union Street (the “Project” or “Property”), an 18,800 square foot trophy corner development parcel at the epicenter of San Francisco’s historic North Beach neighborhood.  Today, the single parcel consists of the partially constructed front façade of a historic apartment building originally constructed in 1914 along Columbus and Union, as well as an occupied and functioning 2-level parking garage along Powell.

With over 282 feet of prized frontage on Union, Columbus, and Powell Streets, the Property sits across from and overlooks tree-lined Washington Square Park and is surrounded by the City’s most popular and vibrant eateries, bars, theaters, clubs, and nightlife.  Available for the first time for purchase, 659 Union presents the development community the incredibly rare opportunity to acquire one of the largest parcels in North Beach on one of San Francisco’s marquee and irreplaceable corners.  Flexible zoning permits a wide variety of uses: residential, retail, hotel, entertainment, student housing, EV charging, and more.

With its flexible zoning, the Property permits a wide variety of uses including but not limited to residential, retail, hotel (CU permit required), entertainment, student housing, electric fleet charging, and more. Utilizing the 50% state density bonus program, the site allows for the ability to construct up to 71 units – and density can be further increased to 107 units via new California law AB 1287.

For Sale