Redevelopment To Create New Headquarters for Thirty Ink in San Francisco
National Basketball League star Stephen Curry plans to redevelop a vacant industrial building in San Francisco into a headquarters for one of his off-court business entities after acquiring the property in an $8.5 million deal.
In a rare commercial deal for the four-time NBA champion, reports indicate Curry acquired the 10,000-square-foot building at 600 20th St. this week after winning initial approvals to replace it with a 23,000-square-foot mixed-use building. The new site is slated to house the operations for Thirty Ink, an umbrella entity for several business entities headed by Curry that “focuses on brand partnerships, media, investments and philanthropy,” according to a company post on LinkedIn.
The company, now based elsewhere in San Francisco on Howard Street, did not respond to a request to comment from CoStar News.
The nearly $9 million sale price is six times more than what the seller, Mindful Investments, based in San Francisco, paid for the property in 2021, according to CoStar data.
The planned five-story property will feature 2,680 square feet of lab space, 9,000 square feet of office, 3,000 square feet for arts activities and one residential unit, according to reports.
Curry’s new building is located just a few blocks from the Chase Center, where the Golden State Warriors play their home games. It is also located in the city’s Mission Bay neighborhood where tech downsizing has contributed to office vacancy rising to nearly 32%, according to CoStar data.
Thirty Ink told the San Francisco Chronicle that it hopes the development will spur additional investment in the neighborhood.
One redevelopment underway in Mission Bay is Brookfield’s $3.5 billion redevelopment of Pier 70 that stalled in early 2022 due to economic conditions. The project could add up to 2,150 homes and 2.3 million square feet of commercial space to the area.
The two-time NBA MVP’s purchase comes four years after he and his wife, cookbook author and philanthropist Ayesha Curry, paid $8 million for a condo in downtown San Francisco at the Four Seasons Residences, a 146-unit condo building at 706 Mission St.
