5 Thomas Mellon Circle
5 Thomas Mellon Circle is our third real estate project in the US market which was acquired from APIC at cost in February 2014 through the exercise of the right of first refusal.
The development is situated at the prestigious Candlestick Point, which is transforming into a prime retail, entertainment and residential neighbourhood area along San Francisco Bay, California. At present, there is an existing office building on this parcel of waterfront land. SingHaiyi plans to demolish the existing office building to develop a residential condominium with 585 units that will emphasise waterfront living, active lifestyle, convenience and value.
SingHaiyi received project entitlement approval from the San Francisco Planning Commission in December 2016 and is currently pending authority approval of the site permit.
|Location||San Francisco, California|
|Acquisition Cost||US$24.4 million|
|Gross Land Area (sq ft)||204,300|
|Gross Development Value||~ US$420.0 million|
|Expected Completion||1H 2024|