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A Modern Gateway To San Francisco Breaks Ground In Hayes Valley

DM Development and DDG Begin Work on 8 Octavia, a Contemporary Take on the Victorian Home by Award-Winning Stanley Saitowitz | Natoma Architects

San Francisco, CA (May 8, 2013) – DDG and DM Development 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.”

Floor plans at 8 Octavia include a “pod” concept, which maximizes living space by containing the kitchen, bath and washer/dryer within a single module. The “flex space” floor plan can be portioned into multiple rooms with movable panels. Innovations at 8 Octavia include keyless entry via smartphones and user-controlled louvers to modulate heat and privacy.

“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 merges DM Development’s local development expertise and operating experience with DDG’s design, development and operating expertise in San Francisco and New York.

“8 Octavia represents a major transformation for Hayes Valley and the bordering neighborhoods and will be a gateway to San Francisco,” says DDG Chief Executive Joe McMillan.

“We expect 8 Octavia to be soon followed by our joint-venture projects at 400 Grove Street and 450 Hayes Street,” says Chris Prokop, chief operating officer of DDG.

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.