WDG Ventures, Inc.
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COMMUNICATIONS
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Sitemap
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Development Projects
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WDG Ventures, Inc.
109 Stevenson Street, 5th Floor
San Francisco,
Ca 94105
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See below for some examples.
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1635 Divisadero Street, San Francisco, CA
Office and Commercial Projects
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San Francisco Medical Center
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The San Francisco Medical Center is a six-story, 71,000 square foot structure, which is one of the most modern freestanding medical office buildings in San Francisco. Planned as a real estate response to the growing demand for cost efficient health care delivery in a well-planned convenient setting, the project is tenanted by two of California’s leading health care institutions—Kaiser Permanente and the University of California. HEALTHSOUTH operates a full-scale ambulatory surgery center occupying one floor of the building. The balance of the space is leased to various 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 project is owned by the SFMC I Partnership in which the Principals of WDG Ventures (WDGV) are General Partners. The completed asset continues to operate successfully as an operating investment with permanent financing provided by General Electric Capital Corporation. This project was sold in March 2002.
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