Leasing for Market Rate Apartments Begins at Waterfront Neighborhood’s Second Apartment Tower
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, today announced it has kicked off leasing and will begin welcoming residents to Verde in June.
Located at 1070 Bridgeview Way, south of Oracle Park and just steps away from China Basin Park and multimodal transportation including the Bay Trail, Verde is the second residential tower to be completed at Mission Rock. Designed by award-winning international architecture and urban design practice Studio Gang, the waterfront community soars 23 stories and includes 254 rental apartments. The 287,000-square-foot tower also incorporates a variety of street-level shops, as well as 25,000 square feet of co-working and event space operated by Studio, Tishman Speyer’s global flexible workspace platform.
Verde’s apartments range in size from studios to three-bedrooms and feature kitchens with Italian cabinets and integrated Bertazzoni and Bosch appliances, and spa-like bathrooms. An expansive amenity program, aimed to provide residents the perfect home base to build community and connection, includes striking lounge spaces, a lush rooftop garden with expansive views of the bay, a full-service fitness center, concierge service, a game room, a golf simulator and a podcast and media studio.
“With its new homes, diverse retail and seamless access to nature, Verde is designed to be a reflection of the vibrant Mission Rock neighborhood that surrounds it,” said Tishman Speyer Managing Director Maggie Kadin. “Every element of Verde has been created to serve its residents and cultivate community.”
“Verde’s start of leasing marks a key milestone for Mission Rock as we deliver more housing to San Francisco and approach completion of the first phase of the development,” said San Francisco Giants Vice President of Real Estate Development Julian Pancoast. “From the exterior building design to the amenities and services, Verde is being delivered to the Mission Rock neighborhood with intentionality. This building exemplifies our commitments to making Mission Rock a shared dream of what a neighborhood means to our residents, office and retail tenants, and visitors.”
Studio Gang’s design carves into the base of the tower to form an inviting outdoor space with sunny planted terraces and raked seating, like a mesa, where residents can socialize, relax and take in views of the activity in China Basin Park, the five-acre community gathering space that serves as the centerpiece of the neighborhood.
Clad in a luminous green tile façade with slight variations, the sculpting strategy of Verde continues upwards, where floorplates are carved back at the corners to create comfortable outdoor terraces. Oriented and shaped to maximize sunlight and minimize wind, the terraces feature impressive views of the surrounding city and bay, while continuing the “community topography” started at the mesa.
A lively “sky garden” adorns the top of the tower, where residents of Mission Rock can relax, connect and take in unique skyline views. The garden’s regionally appropriate plantings will create an attractive place for birds, butterflies and other pollinators to visit, supporting healthy biodiversity within the city. The building is targeting LEED Gold certification.
Mission Rock represents over 15 years of city planning and community input to transform a surface parking lot into an exciting new neighborhood featuring stylish rental homes, inspired parks and open spaces, community-serving retail, innovative workspaces, and parking to serve ballpark patrons and the surrounding area. Tishman Speyer, the Giants and the Port of San Francisco are joined in Mission Rock Partners by Mitsui Fudosan America, Inc., the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., Ltd.
The launch of leasing at Verde brings the first phase of Mission Rock’s development to near completion. The Canyon welcomed its first residents in June 2023, as well as its first office customer, Capgemini, this week. Construction has also been completed on a 13-story office tower that will serve as Visa’s Global and North American headquarters, as well as a second commercial building designed to accommodate life sciences research and development.
A growing lineup of popular Bay Area retailers will also join the neighborhood beginning this year, including Arsicault Bakery, which will open in the base of Verde. Quik Dog, Ike’s Love & Sandwiches, LuxFit, Proper Food, and a full-service restaurant from the team behind the award-winning Che Fico will also open in Mission Rock.
To learn more about Verde’s market rate rental opportunities, please visit verdesf.com. Marketing for Verde’s below market rate apartments is expected to launch in May 2024. For more information on applying, please visit housing.sfgov.org and click “Sign Up Today”.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.
About the San Francisco Giants (sfgiants.com)
One of the oldest teams in Major League Baseball, the 140-year old franchise moved to San Francisco from New York in 1958. After playing a total of 42 years in Seals Stadium and Candlestick Park, the team moved to the privately constructed, downtown ballpark on the corner of 3rd and King in 2000. The organization is widely recognized for its innovative business practices and baseball excellence having been named in the past decade the Sports Organization of the Year by Street & Smith’s Sports Business Journal, Organization of the Year by Baseball America and ESPN’s Sports Humanitarian Team of the Year. Oracle Park is also the only ballpark in the country to have earned Silver, Gold and Platinum LEED certification for an existing building. Since opening its gates, Oracle Park has become internationally-renowned as a premier venue in the world of both sports and entertainment. On the diamond, more than 64 million spectators have witnessed countless magical moments, including three World Series Championships (2010, 2012 & 2014), the raising of four National League Pennants and eight playoff appearances. The ballpark has also hosted some of music’s biggest acts, including Lady Gaga, Beyoncé & Jay Z, Ed Sheeran, the Rolling Stones, the Eagles, Bruce Springsteen and the E-Street Band, Green Day and Billy Joel.
About the Port of San Francisco
The Port of San Francisco manages 7.5 miles of waterfront as the gateway to San Francisco, and advances environmentally and financially sustainable maritime, recreational, and economic opportunities to serve the City, Bay Area and California.