San Francisco ─ August 7th, 2014 ─ National Real Estate Advisors, LLC (National) today announced the topping out of 100 Van Ness, a 418-unit apartment building in downtown San Francisco. National, its joint venture partner, The Emerald Fund, and general contractor, Plant Construction, hosted on-site workers and local and international union trade representatives to celebrate a key milestone in the project which will convert an office building into a multifamily tower. National’s President and CEO Jeffrey Kanne, IBEW Local 6 Business Manager John Doherty and Chairman Oz Erickson from Emerald Fund joined Plant Construction to congratulate workers on their quality workmanship and dedication to meeting the project schedule.
When completed next year, 100 Van Ness will boast over 400,000 square feet of livable space, including a panoramic roof deck with stunning 360 degree views of San Francisco. Successfully converting from office to residential use, the development plan will also preserve approximately 108 existing subsurface parking spaces and renovate approximately 5,000 square feet of ground floor retail.
ABOUT NATIONAL REAL ESTATE ADVISORS
National Real Estate Advisors has $2 billion+ in assets under management for pension plan sponsors, investing in major U.S. urban markets using a build-to-core strategy. The company undertakes large-scale development and redevelopment projects in its open-end fund and separate account, building investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data centers and hotels—with design features, technological enhancements, and amenities that can drive high tenant demand and create value over time. An SEC registered advisor, the firm is a subsidiary of the National Electrical Benefit Fund, a $12 billion pension plan sponsor.
For more information visit, www.natadvisors.com.
About Emerald Fund
Headquartered in San Francisco, Emerald Fund is one of the Bay-Area’s premier real estate developers. Our focus is developing and managing high quality properties. Our projects have included residential, retail, mixed-use, hospitality and office. Since 1979, it has been our mission to create properties that revitalize communities, deliver consistent returns, and maintain a long-term asset value.