Avant, Essex JV Nabs Rights To $250M San Fran Apt. Tower

Law360, New York (February 15, 2013, 3:48 PM ET) -- A joint venture including Avant Housing LLC and Essex Property Trust has won a bid to exclusively negotiate with the city to build an estimated $250 million, 41-story rental apartment tower in San Francisco's Transbay District, the companies confirmed Friday.

Beating out two other teams for the rights was the venture's proposal for a 563-unit building with ground-floor retail mixed in on city-owned Block 9, a prized Transbay District parcel in the city's hot South of Market neighborhood. Also included in the team is Bridge Housing...
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