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Read DM Development's latest news and press releases

Apr 25, 2017

San Francisco's Dogpatch To Get More For-Sale Housing

By Julie Littman, Bay Area, Bisnow

More for-sale housing is on its way to San Francisco’s Dogpatch neighborhood. DM Development will develop 815 Tennessee with financing partners Grosvenor Americas and First Republic Bank. The five-story, 69-unit building will open for sales in fall 2017 and be completed early in 2018. One-, two- and three-bedroom units will be available.

Apr 23, 2017

DM Development Announces 815 Tennessee in San Francisco

San Francisco real estate developer DM Development announces the newest addition to its growing, design-driven portfolio of projects, 815 Tennessee. The 5-story, 69-unit building will be open for sales in the Fall of this year and will be completed in early 2018. The project, which is located one block from the bustling Third Street corridor in Dogpatch will offer one, two and three bedroom units, a 4,500-square foot roof deck, ample parking, bike repair and storage areas, and a staffed lobby with a feature custom lit art wall.

Jan 4, 2017

The Bay's Most Anticipated Restaurant Openings of 2017

With so many Champagne-popping, belly-busting new restaurants expected to open in 2017, now is the time to focus on your New Year's resolutions. Let this list be the thing you look forward to while you're sweating it out at the gym.

Dec 20, 2016

2016 Best of Design Award for Residential > Multi-Unit: 400 Grove by Fougeron Architecture

By The Editors

The Architect’s Newspaper (AN)’s inaugural 2013 Best of Design Awards featured six categories. Since then, it’s grown to 26 exciting categories. As in years past, jury members (Erik Verboon, Claire Weisz, Karen Stonely, Christopher Leong, Adrianne Weremchuk, and AN’s Matt Shaw) were picked for their expertise and high regard in the design community. They based their judgments on evidence of innovation, creative use of new technology, sustainability, strength of presentation, and, most importantly, great design. We want to thank everyone for their continued support and eagerness to submit their work to the Best of Design Awards. We are already looking forward to growing next year’s coverage for you.

 

Dec 8, 2016

DM Development Principal Explains What Makes a Neighborhood Intriguing

By Roland Li

Mark MacDonald co-founded San Francisco-based DM Development in 2010 with Danielle Dignan. The company develops residential buildings across San Francisco, including high-end projects at 8 Octavia Blvd., 400 Grove St. and 450 Hayes St. It currently has six buildings under construction or proposed in the Marina, Dogpatch and Hayes Valley neighborhoods. MacDonald spoke to the Business Times about how he chooses development sites and the firm’s focus on design.

You started your career in tech and worked at Oracle. Why did you switch to real estate? Working in tech was very exciting and rewarding, but I wanted to do work that was more tangible, where I could fulfill my passion for design. So I went back to business school mid-career and made the transition to brick and mortar. I founded DM Development with my partner Danielle.

Dec 8, 2016

Gas Stations Fuel Condo Boom as Developers Scoop Up Former Pump Spots

By Kevin Troung

A 430-foot residential skyscraper at 45 Lansing St. known as Jasper looms high over its neighbor, a Union 76 gas station on the corner of First and Harrison in San Francisco.

The filling station appears small and out of place among the highrise towers that have been springing up around it. However it won’t be that way for long: In June, Dallas-based Mill Creek Residential Trust received approvals to build a 14-story, 180-unit residential project on the gas station site.

Service station sites have become increasingly hot commodities in San Francisco’s current development boom for developers willing to deal with the environmental challenges that come with building on the parcels. There are currently more than two dozen gas station sites in San Francisco that are under construction or proposed as spaces for residential projects. Most are being envisioned as mid-rise condo developments in a city where the median sale price for condos are breaching $1 million, according to data from Paragon Real Estate Group.

Oct 27, 2016

After Large-Scale Remediation, Housing Site Goes Into Marina District

By Lisa Brown

SAN FRANCISCO—The result of winning a highly competitive selection process with Chevron to acquire, remediate and build on two sites, DM Development aims to catalyze redevelopment of the northern gateway and provide housing to a neighborhood with historically low inventory.

With housing at a premium, new developments take many twists and turns to get to approval stage. And, some are lucky enough to nab prime real estate with enough dogged determination. Two sites of that type are poised for much-needed housing in the Marina.

Positioned at the intersection of San Francisco’s most sought-after neighborhoods– the Marina, Cow Hollow, Russian Hill and Pacific Heights–2465 Van Ness is just blocks from the city’s northern waterfront, between Union and Green Streets. 2301 Lombard is located between two popular shopping and dining streets, Chestnut and Union in the Cow Hollow, Marina and Pacific Heights neighborhoods.

Oct 12, 2016

'Eyesore' to 'elegance': Marina luxury condos going up on former Chevron station sites

By Kevin Truong

Two shuttered Chevron stations in San Francisco’s swanky Marina district are being gassed up for new lives as luxury condos.

DM Development, a San Francisco-based real estate firm, is developing the locations at 2465 Van Ness Ave. and 2301 Lombard St. The two buildings were designed by Handel Architects, the firm behind some of the highest-profile luxury residential towers in the city.

“We viewed these sites as really prime residential opportunities in some of the most sought after and iconic neighborhoods in San Francisco where very little high-density development is possible,” said DM Development Managing Partner Mark MacDonald.

Oct 11, 2016

DM Development Acquires Two Residential Sites in San Francisco for $15MM

Transformation of former Chevron service stations into luxury residences will provide new housing options in coveted neighborhood

San Francisco real estate developer DM Development announces the acquisition and development of two residential projects in San Francisco’s desirable Marina District – 2465 Van Ness between Union and Green Streets and 2301 Lombard between Pierce and Scott Streets. The result of winning a highly competitive selection process with Chevron® to acquire and build on both sites, DM Development aims to catalyze the redevelopment of San Francisco’s northern gateway and provide housing options to a neighborhood with historically low residential inventory. Following the company’s transformative developments in Hayes Valley at 450 Hayes, 400 Grove and 8 Octavia, the Van Ness and Lombard properties are the latest projects in DM Development’s growing San Francisco portfolio, which also includes residential projects at 815 Tennessee and 2290 3rd Street in Dogpatch, and 311 Grove and Parcel T in Hayes Valley.

Sep 24, 2016

400 Grove / Fougeron Architecture

 

400 Grove introduces 34 residences in the heart of Hayes Valley, continuing the neighborhood’s rise as a vital, walkable neighborhood. Its prominent site at the corner of Grove and Gough streets, is one of several sites created by the removal of the Central Freeway in 2003, as part of a bold initiative to reconnect Hayes Valley with surrounding neighborhoods.

Its faceted facades echo an earlier tradition: the classic San Francisco bay windows prevalent in the area. The facets angle windows capturing views of Hayes Valley’s bustling street scene and surrounding hillside neighborhoods. Most of the studio, one-bedroom and two-bedroom residences have light from two sides and an individual expression from the street, with the amenities associated with urban living.

Sep 19, 2016

Fougeron Architecture clads San Francisco condo building in dark wooden dowels

By Jenna McKnight

US studio Fougeron Architecture has completed an urban residential building in a San Francisco neighbourhood that features faceted facades covered with grey rods (+ slideshow).

Called 400 Grove, the building is located in the heart of Hayes Valley – a formerly rundown district that has been transformed since an elevated freeway there was razed in the 1990s. The area is now filled with upscale restaurants and boutiques.

The structure occupies a prominent site on the corner of Grove and Gough streets, which is one of several buildable sites that was created by the removal of the highway. Cultural venues and public transit stations are within close proximity.

Jul 5, 2016

In Hayes Valley, old freeway site is now architectural showcase

By John King

Visit any prosperous American city today and you see boxy cartons filled with new housing above shops that are devoid of conviction or flair — the formulaic spawn of dutiful planning and the bottom line.

That’s why San Francisco’s Hayes Valley is so heartening and so important. A half-mile stretch of land once covered by a freeway today serves as an emerging showcase, a test lab of imaginative urban architecture and ground-level innovation.

Though not every newcomer is a classic, the ambitions on view offer a primer that other neighborhoods would do well to follow. The look is contemporary but the styles vary widely — the common thread is a generosity along the street and an embrace of the district’s eclectic tone.

You know where you are. You’re in no hurry to leave.

Jun 8, 2016

Penthouse at Ultra-Contemporary 450 Hayes Asks $1.8 Million

By Brock Keeling, Curbed San Francisco

Ground zero in one of the city's most popular neighborhoods

The sleek new 450 Hayes mammoth (i.e., the new complex next to former Flippers Burgers), which has drastically and dramatically changed the landscape of Hayes Valley's main drag, is open for business. And one of its penthouses is up for grabs.

Before we get to the penthouse, let's discuss the building itself. Designed by Handel Architects, the structure features plenty of wood, stone, and brass.

Feb 11, 2016

Strong Start of Sales at 450 Hayes in San Francisco

Prime Hayes Valley address is a premier property for DM Development and DDG

DM Development and DDG have reported strong activity following the recent launch of sales at 450 Hayes, the much-anticipated four-story, mixed-use condominium development, in the very heart of Hayes Valley. The brisk sales reflect significant early interest from buyers in this rare, prime location.

Designed by Handel Architects for DDG and DM Development, 450 Hayes introduces a collection of 41 distinctive residences including modern townhouses and one-, two- and three-bedroom residences, many with private terraces. The modern townhouses represent the next generation of urban residences, blending soaring 25-foot-high ceilings in the living and dining areas, private entrances, and master suites with private courtyard-level terraces and modern free-standing tubs.

Dec 17, 2015

Restaurants, retail pour into Hayes Valley's newest developments

By Annie Sciacca

The first in a slew of restaurants to land at new developments in San Francisco’s Hayes Valley neighborhood opens today.

Little Gem, a restaurant from former Thomas Keller Restaurant Group COO Eric Lilavois, and partners John DiFazio and chef Dave Cruz, opens today at the ground floor of 400 Grove, a collection of condos.

Little Gem’s counter-service menu will consist mostly of dishes that are free of gluten, dairy and refined sugar, and it will focus on produce, meat and fish that is seasonal. It will also serve wine, beer, smoothies and locally roasted coffee.

Lilavois’ team tapped Boor Bridges Architecture — behind such projects as Sightglass and Trou Normand in San Francisco — to design the interior of the 75-seat restaurant.

The restaurant is the first to open out of a group of eateries headed to Hayes Valley in group of housing developments from developer DDG and DM Development.

Oct 23, 2015

Marina luxury condos sought at site of former Chevron station

By Cory Weinberg

The future has come into focus for a deserted Chevron station in San Francisco’s upscale Marina District and it looks familiar to many San Franciscans: luxury condominiums.

DM Development– the builder of boldly designed condo projects like Stanley Saitowitz’ 8 Octavia– filed a preliminary proposal this week for a seven-story, 41-unit condo building at 2465 Van Ness Ave. The gas station closed six years ago due to poor financial performance.

Sep 25, 2015

From Freeway to Boulevard

By Yosh Asato

Twenty-six years ago this October, the San Andreas Fault jolted awake, rocking the San Francisco Bay area. At magnitude 6.9 and lasting roughly 15 seconds, the Loma Prieta earthquake was significantly milder than the fault’s previous major event, the great 1906 earthquake, yet damage from the 1989 quake, estimated at $6 billion by the U.S. Geological Survey, reached throughout the region.

Transportation infrastructure proved especially vulnerable to the quake’s destructive force. More than 60 miles (97 km) north of the epicenter, the gaping upper deck of the San Francisco–Oakland Bay Bridge, where one person died, and the collapsed Cypress Street Viaduct in Oakland, where 42 people perished, became iconic images of the event. In San Francisco, the earthquake crippled two major freeway structures, giving the city an unexpected opportunity to turn back the clock on one of the most contentious periods in its development.

What followed was an unusual turn in San Francisco’s history of activism: a neighborhood called for greater density, less parking, contemporary design, and more affordable housing—and became a model for forward-looking neighborhood redevelopment.

Urbanland

Aug 11, 2015

Adriano Paganini to open Hayes Valley restaurant

By Paolo Lucchesi

Last week, in profiling Petit Crenn — opening today, August 11 — we mentioned the surge of forthcoming restaurants en route to Hayes Valley, like Kim Alter’s forthcoming Gough Street project and Gabriela Camara’s quickly approaching Cala.

Tack on another high-profile newcomer:

This winter, Adriano Paganini will open a restaurant at the new mixed use building under construction at 450 Hayes Street.

Paganini — who owns a handful of restaurants in the city, including the newly three-starred Belga, Lolinda, Beretta, Delarosa and more — is keeping the exact concept of the Hayes Valley project under wraps.

He will take the ground floor space, with the stated goal of opening a restaurant that will not duplicate any of his other restaurants or anything else in the neighborhood. He does tease that he wants it to become more of an everyday neighborhood spot than many of the nearby newcomers that have become destination-worthy.

Aug 11, 2015

Adriano Paganini Announces New Hayes Valley Restaurant

by Stefanie Tuder

He's calling the to-be-named concept "casual" and "affordable."

Adriano Paganini, the man behind popular SF restos BelgaSuper Duper BurgerUno Dos Tacos and more, will strike again this winter with a new Hayes Valley restaurant.

Though he's staying tight-lipped on the details, his team says it's "an entirely new concept for our group, as well as for the Hayes Valley neighborhood." And given the current  influx of new restaurants (and their varied concepts) to that neighborhood, it will be interesting to see which direction Paganini's new spot will take. New projects include Dominique Crenn's Petit Crenn and Gabriela Cámara's upcoming Cala, as well as a yet unnamed project from Kim Alter (Haven, Plum).Paganini said his team is developing the restaurant after feedback from neighborhood locals that they wanted a more casual, affordable spot that's not just for special occasions.

Eatery SF

May 8, 2015

8 Octavia: Modern architecture with old-fashioned neighborliness

By John King

Like any consumer product, buildings designed but not yet built may have an expiration date. The longer that construction is delayed, the more likely that a new architect will be brought in to freshen things up. Or the original design will be retained but watered down to trim costs.

What a relief, then, that San Francisco’s most highly anticipated residential building so far this decade looks even better in real life than on paper.

The building is 8 Octavia, a long wedge of concrete and glass softened by aluminum blinds of icy blue. It begins where the Central Freeway touches down, at the junction of Market Street and Octavia Boulevard, and it stands as an eye-catching symbol of the city’s changing map as well as our growing acceptance — at least in certain neighborhoods — of buildings that exult in the here and now.

Apr 28, 2015

Grosvenor Americas Closes US$35.5M in Structured Finance for Two DM Development San Francisco Residential Projects

Grosvenor Americas (Grosvenor), a property development and investment company with specialist expertise in Structured Development Financing, today announced it has provided financing for DM Development's residential developments at 815 Tennessee Street and 2290 3rd Street. DM Development’s proposed project at 815 Tennessee Street of 69 residential condominiums – 59 market rate and 10 below market rate – will include one-, two- and three-bedroom homes with an average size of 832 square feet. The property is immediately accessible to public transportation and will offer parking. “Grosvenor tailored the financing structure to suit our needs and offered us the ultimate flexibility we were seeking,” added Mark MacDonald of DM Development. “As an experienced developer they understand what makes projects successful. We are pleased to be working with them on two new significant development projects in the vibrant Dogpatch neighborhood as we bring much needed housing to a highly desirable part of the City.”

Dec 26, 2014

2014 Year In Review > Top Unveiled Projects

Here are ten of the most noteworthy new projects unveiled this year—from Studio Gang's supertall in Chicago to a five-story condo project in San Francisco. We covered them all, big and small.

Dec 22, 2014

Stanley Saitowitz' Sexy New Development Opens at Octavia and Market

By Damion Matthews

The striking new condo development at 8 Octavia recently held a grand opening celebration attended by figures from the worlds of design, art, architecture and real estate.

Designed by San Francisco starchitect Stanley Saitowitz, the eye-catching building features a facade of slim, vertical louvers which are electronically controlled from within the individual units.

Sep 5, 2014

8 Octavia breaks price records in Hayes Valley

By 

The first few condos from the Stanley Saitowitz-designed 8 Octavia started coming to market in July, and are already breaking pricing records for Hayes Valley, according to a recent post from SocketSite. The developer told the local real-estate blog that the condos have been selling for over $1,300 per square foot for the top-end units on the upper floors of the 47-unit development, with about one-third of the brand-new building’s 40 market-rate units now in contract. (The other seven will be sold through the city’s below-market lottery system.)

Sep 3, 2014

Transforming, but Not Disrupting - Time for Strategic Architecture

When a section of the earthquake-damaged Central Freeway came down in San Francisco, local advocates saw a chance to create a template for a stronger neighborhood. Buildings along the newly created Octavia Boulevard by several architect-developer teams include retail and affordable housing, and take advantage of the area’s walkability and public transportation. Their design does not mimic historical architecture but offers distinctive character: contemporary, delicate in its details, referring to San Francisco Victorian bays and pastels without imitating them.

The newest, 8 Octavia, an eight-story condominium by Stanley Saitowitz/Natoma Architects, opening this month, has a facade of operable, white louvers, making a changing pattern across the simple surface and a virtue of its long, narrow site.

Aug 20, 2014

Real Estate Report: Stanley Saitowitz’s Ever-Shifting Monolith in Hayes Valley

By Philip Ferrato

In a city best known for its charming pastel Victorians, the buildings of Stanley Saitowitz are among the most visually challenging in San Francisco.  The scrim of opaque, pale green louvers– electronically controlled from within the individual units will give 8 Octavia Boulevard an ever-shifting facade, day and night.

Jun 20, 2014

How Octavia Boulevard project captures area's cultural dynamics

By John King

Even as two large residential projects near completion along Octavia Boulevard, change is coming to three smaller city-owned parcels on what is emerging as San Francisco's showcase of contemporary architectural design.

The buildings would replace a trio of thin vacant lots with a procession of five-story buildings with residential units above shops. They'll also fill the most conspicuous remaining void along a boulevard that replaced an elevated freeway torn down with fanfare in 2003.

The largest site of the three is on Octavia between Page and Rose streets, an alleyway. It will be sold to a team that includes DDG and DM Development; for this project they took the name Linden Partners, based on the nearby alley where their office is.

This project is more conventional, with 26 compact condominiums facing the landscaped boulevard. The design, though, has a hint of a fan being unfurled in slow motion, a shuffle of white bays angled to capture views of the city's topography.

"We're trying to retain the vernacular of the Victorian bay, but transform and abstract it," said DM Development's Mark Macdonald of the design by Edmonds + Lee, in another shout-out to a style of architecture that is more familiar to many San Franciscans than modern looks taking shape along Octavia.

Jun 7, 2014

Boutique condo buildings swoop into sizzling San Francisco housing market

By

In many cases, developers found that it was easier to find sites, entitle and finance small to medium condo projects that will start sales before the year’s end. That includes buildings such as the 47-unit 8 Octavia in Hayes Valley, Trumark Urban’s 27-unit Amero project in Cow Hollow, the 26-unit 870 Harrison in SoMa, the 33-unit 35 Dolores from Lightner Property Group and the 39-unit Millwheel project in the Dogpatch that started sales earlier this month.

In total, those projects represent a few hundred units — not much compared with Bosa Development’s 267-unit Arden in Mission Bay and Tishman Speyer’s 656-unit Lumina in Rincon Hill also launching sales in 2014. Still, smaller projects fill a niche in the market.

“These boutique properties bring new homes into more established neighborhoods,” said Paul Zeger, a principal with Polaris Pacific, a condo marketing and research firm. “The scale is designed to complement the existing streetscape and to engage the neighborhood amenities.”

Throughout the condo market, high buyer demand and low inventory are pushing up prices toward averages of more than $1,000 per square foot, far above developers’ projections when they entitled their sites.

In Hayes Valley, developers DDG and DM Development plan to launch sales this month at 8 Octavia, a building designed with a modern aesthetic also by Saitowitz. The developers began work on the project back in 2006 after city officials requested proposals for properties in the place of the former Central Freeway.

“Our interest in Hayes Valley was really the opportunity to try and transform a neighborhood,” said Mark MacDonald, principal with DM Development. “It is an exciting opportunity to take something that been sitting vacant for a longtime and bring something new and fresh.”

The developers of 8 Octavia are still finalizing their prices for the units, but expect them to be above $1,000 per square foot. The building has 32 two-bedrooms with the remaining 15 consisting of studios, one-bedrooms and three-bedrooms ranging from 400 to 1,800 square feet.

“I wish I could say we had the foresight to know we’d sell the units over $1,000 per square foot back in 2010,” MacDonald said.

The developers are also working on two other projects in Hayes Valley including 400 Grove, which is under construction, and 450 Hayes, which will start construction later this year. Combined with 8 Octavia, DM And DDG plan to deliver a total of 150 units in Hayes Valley by the end of 2015.

Jun 3, 2014

Editors Pick Their Must-Have Items for June

By 7x7 Editors

Artful Lodging

Where once there was Loma Prieta earthquake devastation, a new Stanley Saitowitz–designed condo building, 8 Octavia—the first of three design-forward residential developments in the area—now stands. A scaffolding mural by graffiti artist Ben Eine foreshadows the building’s edgy aesthetic; inside, you’ll find sleek model units innovatively appointed by The Future Perfect and Propeller.



Dec 12, 2013

Development Team Nestles New Design into Trio of Hayes Valley Condo Projects

By Hayden Dingman

In the second half of the 20th century, San Francisco began to emerge as an important cultural and economic center of the country. It was a time when the region gained its own prominence in creativity and design and started to influence not only the Western United States but also the nation as a whole. Today, the city by the bay is again creating a certain cultural gravitas as it exports its influential design more broadly across the globe, and its architecture will play an important role in that transition.

“We’re inspired by some of the great architecture in other cities both nationally and internationally and, I think, saw a great opportunity to bring some of that to San Francisco,” says Principal of DM Development Mark MacDonald.

DM Development, co-founded by MacDonald and Danielle Dignan, is quickly making a name for itself as the premier design-first firm in San Francisco. DM has partnered with DDG, another design-first real estate investment and development company based in New York and San Francisco, to bring about a trio of Hayes Valley projects that are utterly unlike the Victorian homes and Bay windows aesthetic for which the city is famous.

Dec 12, 2013

DDG and DM Development Breaks Ground on 400 Grove in San Francisco’s Hayes Valley

San Francisco, CA — DDG and DM Development broke ground today on 400 Grove, the second of three condominium projects planned for Hayes Valley by the development team. Designed by award-winning Fougeron Architecture, 400 Grove will introduce 34 residences at the corner of Grove and Gough Streets, continuing Hayes Valley’s rise as an active, walkable neighborhood.

“Hayes Valley is already one of San Francisco’s most desirable neighborhoods thanks to its human scale and eclectic mix of businesses,” said Mark MacDonald, co-founder of DM Development. “400 Grove extends that intimacy and energy northward, further fulfilling the city’s vision for the Market-Octavia area.”

Jul 12, 2013

Developers look to score a housing hat trick in Hayes Valley

By J.K. Dineen, San Francisco Business Times

DM Development and DDG Partners are fast becoming the kings of condo development in Hayes Valley.

On July 11 the San Francisco-based boutique developer, along with New York-based collaborator DDG Partners, won unanimous approval for 450 Hayes St., a 41-unit project that is being designed by Glenn Rescalvo’s group at Handel Architects.

Jun 3, 2013

Big changes in little Hayes Valley

By Anna Marie Erwert, SFGate

Spurred by the red-hot demand for new housing, developers are moving into Hayes Valley in a big way. DM Development’s 8 Octavia Blvd complex will bring 49 new homes to the area; their 400 Grove St. project will add another 34; and their mixed-use development at 450 Hayes will include “50 high end homes” perched atop commercial space.

May 8, 2013

A Modern Gateway To San Francisco Breaks Ground In Hayes Valley

DM Development and DDG have begun construction on the anticipated condominium community 8 Octavia in Hayes Valley. 8 Octavia will further transform the Market-Octavia area that began its renaissance when the Central Freeway was torn down in 2002.  Designed by the award-winning Stanley Saitowitz | Natoma Architects, 8 Octavia features 47 residences and serves as a welcome sign along Octavia Boulevard, the pedestrian-friendly corridor that replaced the Central Freeway.

“8 Octavia is another vital cornerstone of the Market-Octavia plan, and will be an integral asset to one of our most vibrant neighborhoods,” said San Francisco Mayor Ed Lee. “I’m thrilled to see it under way.”

“We wanted the building to have landmark qualities and fit into the fabric of the neighborhood,” says Mark MacDonald, co-founder of DM Development, who is working in partnership with DDG. “We believe Stanley’s design achieves both goals.”

Danielle Dignan, co-founder of DM Development, added “the building also incorporates important energy efficiency and sustainability features, including exterior louvers that allow residents to manage interior temperatures.”

8 Octavia is a public-transit-first community, with a central location near major BART and San Francisco Muni hubs, close to The Castro, The Mission, Duboce Triangle, Civic Center and the Mid-Market district.

Feb 8, 2013

Hayes Valley rally: Housing boom in San Francisco neighborhood

By J.K. Dineen, San Francisco Business Times

The Ivy Street project, which will be completed in the fall, is the first of six market-rate projects in Hayes Valley that will start construction over the coming year, a burst of residential building that will bring 450 units and more than 1,000 new residents to the area. That is a lot of housing for an enclave that has added just 158 new condominium units over the past 10 years. The majority of the developments will be on formerly city-owned parcels along Octavia Boulevard that were freed up when the elevated Central Freeway was knocked down.

Three of the projects will be the work of San Francisco-based DM Development and its New York partner DDG Partners. The first of these will break ground next month: 8 Octavia, the Stanley Saitowitz-designed 48-unit project at Market and Octavia Streets. Then by next summer, DM Development plans to start work on 400 Grove, a 34-unit project that the Planning Commission approved on Jan. 31. Finally the company is hoping to win approvals this spring for 450 Hayes St., a 41-unit project being designed by Handel Architects. In addition, Equity Community Builders and Farrallon Capital Management are working on a 72-unit rental project that will be developed along with a new clubhouse for the Boys & Girls Club.

Finally, AvalonBay is pulling permits to build 180 rental units on Parcel P, the largest of the city-owned sites along Octavia Boulevard from the freeway demolition.

“There are a number of for-sale projects in Hayes Valley, but we think given how vibrant this neighborhood has become there will be strong demand for well-designed housing,” said Mark MacDonald, a partner with DM Development.

Jan 3, 2013

Project Utopia: Hayes Valley

By Chris Ryan, San Francisco Magazine

Last summer, David Baker’s snappy zinc and lime green Richardson Apartments at Fulton and Gough ushered in a new era of architecture in Hayes Valley. Art has long been part of the neighborhood’s persona, but now it’s scaling new heights. Even playgrounds are looking slick, like WRNS Studio’s vibrant blue-paneled Hayes Valley Playground (Hayes and Buchanan sts.), complete with living roof. And this spring, revered architect Stanley Saitowitz’s latest residential project, 8 Octavia (it looks like a glowing iceberg with fins), will break ground on the corner of Page Street. “People here aren’t just accepting of avant-garde architecture—they’re pushing for it,” says 8 Octavia developer Mark MacDonald.

Sep 17, 2012

Double Whammy

Sep 7, 2012

Condo project planned at 8 Octavia Blvd.

By John Wildermuth, San Francisco Chronicle

The Planning Commission Thursday unanimously approved plans for a 48-unit condominium development at 8 Octavia Blvd. that will include two ground-floor retail spaces along Market and Octavia. The buildings, which are stepped up from Octavia Boulevard, range in height from eight stories on Market Street to five stories on Haight Street.

Oct 14, 2011

AvalonBay has plan for old freeway site

By J.K. Dineen, San Francisco Business Times

DM Development, which already owns two Hayes Valley sites with New York-based DDG Partners, has taken control of a third in the neighborhood: Octavia Gateway at 8 Octavia St., which is slated for 51 units.

DM Development principal Mark MacDonald expects that 8 Octavia will be the first of the group’s trio of Hayes Valley projects to be built. The prior developer, AkS Development and Stanley Saitowitz’s Natoma Architects, had filed plans on the development. DM Development and DDG Partners are moving forward with the Saitowitz design.

“We are very excited about the building. It will be a gateway to San Francisco, one of the first buildings that anyone arriving from the 101 will see,” said MacDonald. “We hope that it will demonstrate that San Francisco has an openness and progressiveness when it comes to architecture.”

Jan 28, 2011

DM Development has plan for Hayes Valley sites

By J.K. Dineen, San Francisco Business Times

San Francisco residential development startup DM Development is betting its future on Hayes Valley.

The new company, founded in 2010 by Danielle Dignan and Mark MacDonald, has teamed up with boutique New York developer DDG Partners to pay a combined $8 million for two dirt parcels in Hayes Valley. The sites, 450 Hayes St. and 400 Grove St., could support a combined 85 units of housing.

Nov 5, 2010

Hayes Valley land sales hint at real estate upturn

By Robert Selna, Chronicle Staff Writer

A developer has agreed to pay several million dollars for property inherited by the city of San Francisco when the Central Freeway came down, suggesting the area's real estate is heating up again following a recessionary slump.

The two parcels sit between Octavia Boulevard and Gough Street, one on Hayes Street, the other two blocks north. As part of a city auction Oct. 26, the developer paid $5 million for one 17,000-square-foot plot and $3 million for another that is 11,000 square feet - more than the minimum bids of $4.4 million and $2.95 million, respectively, set by the city.

According to city officials, the buyer is DM Development. The company could not be reached for comment, but it is widely believed that it plans to build housing on the land.