What’s Mid-Market? Suddenly everyting Buy a First Class Home

What’s Mid-Market? Suddenly everyting

Posted by John Willsen on July 20, 2011 Leave a comment (0) Go to comments

Mid-Market’s geographic boundaries seem to be miraculously expanding.

After decades of false starts and unfulfilled promises, the hard-luck neighborhood is finally on the cusp of true revitalization. And becoming fashionable.

In April Shorenstein Properties Shorenstein Properties Latest from The Business Journals Large S.F. tenants are harder to findMore hot deals ahead for simmering SoMa marketAlexandria jumps back into San Francisco’s Mission Bay Follow this company announced it had bought Market Square and will pump $80 million into the art deco building to prepare for Twitter’s headquarters relocation. Then it was New Urban Properties had invested $26 million on the corner of Sixth and Market. Next came news that Berkeley developer Patrick Kennedy had bought a site at 104 Ninth St. for student housing. Finally this week we reported that AvalonBay AvalonBay Latest from The Business Journals AvalonBay, other landlords expected to post solid earnings Follow this company would build a $125 million apartment development at 50 Ninth St. and the prolific Emerald Fund Emerald Fund Latest from The Business Journals Developer picked for old San Francisco AAA siteS.F.’s AAA site will rise againWall Street may determine fate of San Francisco’s CityPlace Follow this company would team up the old California State Automobile Association California State Automobile Association Latest from The Business Journals Developer picked for old San Francisco AAA siteArt school at San Francisco’s Cannery? Don’t bet on it Vornado out of gas on auto club HQ Follow this company campus near Van Ness and Market.

In each instance, the buyer or developer or tenant cited the Mid-Market renaissance — and payroll tax break targeting some of the area — as a key motivation for the investment.

But as Randy Shaw of the Tenderloin Housing Clinic called to point out, in all the hype about the neighborhood improving, Mid-Market seems to be gobbling up more and more real estate.