Health of commercial real estate in the Northside: Cow Hollow, Marina, Pacific Heights hot; North Beach lukewarm
Cow Hollow, the Marina, and Pacific Heights are hot tickets for prospective retail and restaurant tenants in the Northside, while North Beach remains a bit of a bargain, according to Jeremy Blatteis of Blatteis Realty Co., Inc. and Pamela Mendelsohn, senior vice president with the San Francisco office of Colliers International, two of San Francisco’s top commercial brokers.
Jeremy Blatteis is a third-generation broker for the eponymous firm founded by his grandfather in 1922. Blatteis was the first San Francisco real estate firm to specialize in retail leasing, and the company continues to seal some of the biggest deals in town, such as 2000 Union Street, former home of Café des Amis. Adriano Paganini — whose restaurant empire includes Delarosa, Beretta, Starbelly, Lolinda, and the Super Duper Burger mini chain, among others — plans to turn the space into an unpretentious, beckoning Belgian brasserie.
“I’m a third-generation San Franciscan, born and raised in the Marina. We’ve done more deals than anyone else in this area, and I’ve never seen a market like this,” Blatteis says. In the Northside, business is booming particularly in the Marina, Cow Hollow, and Pacific Heights areas. “Fillmore, Union, and Chestnut are very active streets, and there’s high demand to be on all of them. Fillmore is extremely tight. There are a lot of boutiques on Fillmore, but I feel owners should be able to decide what or who goes into their buildings. People can decide if they want to shop at a boutique or online, or at a chain. The market... Read More at Marina Times >