As we wrote a year ago March:
As far as we know what is currently a two-story FedEx Kinko’s on the northeast corner of Van Ness and Clay is still slated to become “The Sterling of San Francisco,” an eight-story, 62-unit “senior living community” with 82 parking spaces, 5,100 square feet of ground-floor commercial, and a more upscale 1754 Clay Street address.
As a plugged-in reader quickly added:
Not gonna happen. They lost their funding. Should be on the market in a month.
And as the San Francisco Business Times reports today, the entitled site has finally sold to Oyster Development (founded by former Intracorp San Francisco head Dean Givas) for $4.25 million with sights set on breaking ground within 12 to 24 months.
The original Sterling design as once proposed:
∙ Serving Up The Seniors (Rather Than The Copies) At 1754 Clay Street [SocketSite]
∙ Former Intracorp exec jumps at Pac Heights site [San Francisco Business Times]