Alexandria JV Pitching Tech Offices for SoMa Tennis Club Site
Plans have been submitted to transform the site of the S.F. Tennis Club into 368k SF of offices. Alexandria Real Estate Equities and TMG Partners plan to spend $117M to raze and redevelop the private club.
The 230k SF club is located at 5th and Brannan streets. Alexandria is under contract to buy the property, now known as 88 Bluxome, from the Bay Club but the sale has yet to close. The proposed development would retain about 57k SF of the outdoor tennis space.
The developers initial plans call for a 65-foot-tall building, the max allowed under current zoning, but they will then pitch a larger mega-project once the plan is passed. The site is a block away from the Caltrain Station and less than a block from the future Central Subway stop. [SFBT]
