Salesforce Park Amphitheater: Free programming attracts park visitors Samuel Issac: Biederman Redevelopment VenturesĬharles Clinton, CEO of EquityMultiple, a commercial real estate investment startup, lives in San Francisco. “As one of only two buildings that connect directly to Salesforce Park, we feel it is an important amenity for both our residents and office tenants and one that improves the quality of life for the entire neighborhood.” Sounds like real estate prices will be rising. Listen to Matt Lituchy, chief investment officer for Jay Paul Company, developer of the mixed-use 181 Fremont. Today, a 650-square-foot one-bedroom condominium overlooking Bryant Park is listed at $990,000.Īrea real estate professionals also expect Salesforce Park to increase the desirability of the local real estate and the community in a variety of ways. All the programming we have in place now and in the future will make this a lively safe space the community wants to spend time at and draws people to live near there.”Īccording to the website, “The park's upgrade has generated over $2 billion in incremental real estate value for its 33 abutting properties." Real estate values around Bryant Park rose dramatically thanks in part to the park’s great success. “What we are doing here has not been done in San Francisco. “As Bryant Park added value to the adjacent real estate, we expect to see the same from Salesforce Transit Center and Salesforce Park,” observes Biederman.
BRV is known internationally for award-winning projects including Dallas’ Klyde Warren Park, an aerial park built atop a downtown freeway. In 1992, BRV hit a home run with the redevelopment of the blighted crime-ridden and drug-dealer-infested Bryant Park in New York’s midtown. Dan Biederman, president of Biederman Redevelopment Ventures, the company chosen to run and manage Salesforce Park, knows first-hand about creating and running successful urban public parks.
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