The San Francisco Business Times reported on a land boom in the Mission Street area between sixth and ninth. This SOMA area has long been run-down and neglected and the opening of the SOMA Grand has been a welcome shot in the arm to the local economy. New businesses and restaurants are driving up land values and creating a welcome change to the past decades of decay.
SOMA Grand is well positioned in the center of the San Francisco’s Mid-Market Redevelopment Area and should quickly benefit from the increased population brought to the area by such draws as the new Westfield Shopping Center (Bloomingdales), Mint Paza, adjacent Federal Building, and the eventual redevelopment of Trinity Plaza on the west side of the SOMA Grand. This increase in daily visitors and residents should continue to drive the redevelopment of the area and attract even more services. Already confirmed is a restaurant concept at SOMA Grand by San Francisco’s Slanted Door restaurateur Charles Phan.
SOMA Grand availability and sales figures.
- 22 story tower, top floor includes penthouses.
- 246 total units
- 35% sold
- 1 bedroom priced: $530k - high $700s
- 2 bedrooms priced: $750k - $1.2M
- 3 bedrooms priced: $900k - $1.1M
- 3 bedroom penthouses priced: $1.8M -$1.9M
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