Group One abandoned its plan to convert the historic Warfield Building into residential units, the first project under San Francisco's new office-to-housing law. The company sold the building to Community Arts Stabilization Trust and KALW Public Media, who will create Warfield Commons with broadcast studios, training spaces, and affordable artist workspaces instead.
Office-to-residential conversion plans at the historic Warfield Building in San Francisco are no more. Developer Group One purchased the historic Warfield Building in 2011, and after restoring much of the building, filed plans to convert at least part of it into housing. This was really big news at a time when office vacancies were at record highs and was the first such conversion project proposed under recent legislation in San Francisco. But Group One has stopped pursuing those plans and instead has sold the building to the Community Arts Stabilization Trust and KALW Public Media. And those two organizations are not planning to convert to housing, instead they're going to convert it into a creative hub for arts and journalism. The so-called Warfield Commons will feature broadcast studios, training spaces, and classrooms, and will host artists and cultural workers at below-market rates. Let me know what you think of the new plans in the comments, and follow me for more Bay Area real estate. Bye!
