Boutique Project Hits SoMa
Align Real Estate completed 923 Folsom, a boutique luxury apartment building in the SoMa arts and cultural district of San Francisco. The nine- story building managed by Alliance Residential Co. offers 115 residences and includes 1,900 square feet of retail. Trumark Urban purchased the property in 2012 and sold it once the entitlement process was complete. The company has also recently completed a 76- unit luxury conversion , The Pacific, which is around two miles away. Construction on 923 Folsom started in 2015, with a budget of $48.7 million, according to Cahill Contractors. Condo-feel “The result is a boutique rental community offering the quality, comfort and sense of home often found only in condominiums, with thoughtful shared spaces that substantially extend the walls of your well-designed residence,” said Billie LaBelle, vice president of operations for Alliance Residential Co., in prepared remarks. “ 923 Folsom leaves the need to buy a house at the door.” Designed by S...