SAN FRANCISCO – October 8, 2015 – CIM Group has begun construction on a 350-unit residential condominium project located on two acres at 1000 Channel Street, also referred to as Block 1, between 3rd and 4th Streets in the Mission Bay District of San Francisco. 1000 Channel consists of 350 units with approximately 14,000 square feet of ground level retail, three levels of parking and abundant private outdoor space and amenities for its residents. With close to 650 feet of frontage along the waterfront, 1000 Channel offers a desirable lifestyle option, central to San Francisco’s popular shopping, dining, entertainment, and business centers.
1000 Channel is situated on one of the last development sites in Mission Bay, and has an exceptional location adjacent to AT&T Park, approximately one-half mile from the planned Golden State Warriors Sports and Entertainment Center, and is convenient to SoMa, Market Street, Union Square and the central business district. It is also steps from the Muni Metro Central Subway, which is anticipated to open in 2018, and the King Street Caltrain Station, and offers easy access to the area’s regional freeway network.
CIM has been involved in the Greater Bay Area since 2001, when it identified communities located in the Area as possessing the attributes that fit its investment strategy, a proven methodology that focuses on established and emerging urban areas with solid infrastructure and transportation networks.
Other CIM investments in the SoMa/Mission Bay area include 330 Townsend, a creative office building located a block from its 260 Townsend Class A office building. In the neighboring South Financial District CIM owns 211 Main Street, a Class A office building, 246 1st Street, a five-story office building, and Central Tower, a two-building office and retail complex located at 703 Market Street and 26 Third Street.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in five strategic categories: repositioning and development projects, well-positioned operating properties, value-add properties, debt, and infrastructure. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area, Bethesda, and Dallas. For more information, please visit www.cimgroup.com.