The San Francisco-based development duo looking to bring a rare spate of new housing to the northern part of the city agreed to a lease deal with the University of California San Francisco to take control of its Laurel Heights campus.
SKS Partners LLC and Prado Group, which won exclusive negotiating rights with UCSF earlier this year, signed a 99-year ground lease for the campus this month. They will lease back the space to UCSF for the next five years while they work on development plans. The developers will meet formally with neighborhood groups in the coming months to unveil what will likely be a plan for hundreds of housing units and some retail space.
Read more: San Francisco Business Times / Bay Area Structures Developers seal deal to build housing at UCSF’s Laurel Heights campus