Stephen Curry bought a property last week just blocks away from where the Golden State Warriors play.
Why it matters: It’s a good sign for the city’s economy and for us Warriors fans that, despite a disappointing season in which the Dubs failed to make the playoffs, Curry is continuing to plant roots in San Francisco.
Golden State Warriors star to relocate firm Thirty Ink to site approved for redevelopment
Stephen Curry has paid $8.5 million for a 10,000-square-foot commercial building to serve as a new hub for Thirty Ink in San Francisco. The property has been approved for redevelopment.
The four-time NBA champion withthe Golden State Warriors bought the two-story, brick-and-concrete building at 600 20th Street, in Dogpatch, the San Francisco Chronicle reported. The seller was locally based Mindful Investments.
The $8.5 million deal works out to $850 per square foot — nearly six times what the building traded for in 2021, according to the newspaper. The last traded price was not disclosed.
The property will serve as a new hub for Thirty Ink, Curry’s off-court conglomerate, which will relocate from an undisclosed address on Howard Street, in South of Market, according to a representative. The number 30 is Curry’s jersey number.
The company’s office serves Curry’s eight businesses, “spanning across athlete management, brand, fitness, lifestyle, impact, media, philanthropy and technology with a shared mission to Elevate the Under,” according to a statement sent to the Chronicle.
The unidentified Thirty Ink spokesperson said the company hopes its move to the underdog neighborhood will contribute to the area’s “revitalization,” and will help redevelop the “underutilized” industrial district into “market-rate space.”
It’s also close to Brookfield’s $3.5 billion redevelopment of Pier 70, which stalled in early 2022 because of economic conditions. If built, the Pier 70 project, would add up to 2,150 homes and 2.3 million square feet of commercial space on the central waterfront.
Curry’s new building, built in 1972, was approved last month for redevelopment into a five-story mixed-use building, according to the city’s Planning Department Chief of Staff Dan Sider. The spokesperson for Thirty Ink said more approvals were still needed to greenlight the project.
The applicant for the project was Mindful Investments, a partner of locally based Kenji, led by Ronaldo Cianciarulo, according to SFYimby and state business records.
