Construction begins in 2016 for the third development from Millennium Partners, the team that brought us The Four Seasons Residences and Millennium Tower. Their third development in San Francisco is adjacent to the historic Aronson building at the intersection of 3rd and Mission St. in the Yerba Buena neighborhood.
Construction began in 2016 for the Mexican Museum Tower at 706 Mission St – the third development from Millennium Partners, the team that brought us The Four Seasons Residences and Millennium Tower. Their third development in San Francisco is adjacent to the historic Aronson building at the intersection of 3rd and Mission in the Yerba Buena neighborhood.
The development consists of the restoration and rehabilitation of the Aronson building with space for the Mexican museum and some residences in the historic structure, and the construction of an approximately 500 foot high tower (about 47 stories) with additional space for the Mexican museum on the lower floors and about 130 additional homes in the tower for a total of about 145 new homes.
The sales office has not yet opened. Based on prior experience, we would expect the developer to begin sales in 2017.
Currently under construction, which began in 2016. Occupancy is estimated for 2018 if there are no substantial delays.
Unannounced at this time. Resales in adjacent luxury towers are selling for north of $2,000 per square foot.
The existing Jessie Square garage is incorporated into the development. Public parking will remain, but a portion will become private parking for residences at a 1:1 ratio.
Amenities at Museum Tower/706 Mission St have not yet been announced. Given the amenities and service their previous buildings are known for, we expect the amenities and finishes in these homes to be exceptional.
The developer made a $5,000,000 contribution to the Mexican Museum’s endowment and a payment of $5,000,000 to the city affordable housing fund.
We do not represent the developer of 706 Mission/Museum Tower. The development group has typically built an in-house sales team to represent them during the sales process.
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