Medical Office

(click photo for project details)

The San Francisco Medical Center

WDG Ventures developed the San Francisco Medical Center in 1986, as a real estate response to the growing demand for cost efficient health care delivery in a well planned convenient setting. The 71,000 sq.ft. structure set the standard for modern freestanding medical office buildings in San Francisco. The project is tenanted by two of California's leading health care institutions – Kaiser Permanente, and the University of California. San Francisco's first independent ambulatory surgery center occupies an entire floor of the building. The balance of the space is leased to individual physician groups.

Consistent with the City's plan for the Divisadero Street Corridor, the ground floor street frontage is devoted to retail space. The adjacent parking structure adjoins the building at the first level and provides parking for 538 cars.

The total project cost was approximately $17 million. The development was completed on time and within budget. The equity capital source was UNC Realty, Inc., and individual private investors. Construction financing was provided by Bank of California. The SFMC Partnership sold the completed asset 2002, and it continues to operate successfully as an operating investment.

SFMC II - 2230 Post Street
Completed in March of 1996, this second phase of the San Francisco Medical Center is a second medical office building adjoining the previously completed office building and parking garage. WDG Ventures, Inc. successfully competed in an extensive RFP process to develop this project on a shell build-to-suit basis for the University of California at San Francisco.

WDGV completed this 50,000 sq.ft.,$10 million project four months ahead of its original construction schedule and within its pro forma budget. Equity capital was provided by WDG Ventures, Ltd, an equity fund raised by WDGV to invest in its projects. Construction financing was provided by the Bank of America. The building was purchased by the University of California upon shell completion. WDGV managed the tenant improvement planning and construction on a contractual basis for the new owner.

The Shoppes at Scotts Valley
Stanbery Development Corporation

Stanbery Development, a retail developer based in Ohio optioned land in Scotts Valley California to develop a multi-tenant shopping center, which according to local government regulations was to include a residential component. In 2008 the developers brought in Portfolio Real Estate Consulting to assist in conceptualizing the residential strategy, including site planning, entitlements to use and the affordable housing component mandated by the County.