99 Rhode Island St: Info, History, & More In San Francisco!

Could a single address encapsulate the evolution of San Francisco's tech scene, the ebb and flow of real estate markets, and the aspirations of a community? The story of 99 Rhode Island Street, nestled in the heart of San Francisco, is precisely such a chroniclea building that has witnessed the rise and fall of tech giants, the shifting tides of investment, and the emergence of new educational ventures.

Constructed in 1948, the building at 99 Rhode Island Street stands as a testament to adaptability. This 3-story property, sprawling across 63,000 square feet, has undergone several transformations, reflecting the dynamic nature of its surroundings. It's a place where history intertwines with the promise of the future, where innovation and change are not just concepts but tangible realities. The address, located in the vibrant city of San Francisco, CA, has seen companies like Macromedia, Jawbone, and Airbnb call it home. The buildings story is a microcosm of the citys journey through the tech boom and its subsequent adjustments.

The address, however, is not only about its architectural and commercial significance. It embodies the spirit of reinvention, where former tech hubs can transform into new opportunities. Hiba Academy has filed an application to rezone 99 Rhode Island Street, with the ambition of creating a school on the premises. This decision signifies a significant transition, moving from the tech industry to education. Hiba Academy's leadership is actively engaging with the community, providing information on school operations and the timeline leading up to its anticipated Fall 2026 opening. This initiative demonstrates a dedication to transparency and community involvement, acknowledging the historical and cultural significance of the property.

The story of 99 Rhode Island Street isn't just about commercial spaces and educational aspirations; it's about the cyclical nature of markets and the influence of external factors on real estate investments. EQT Exeter, a firm, acquired the property in February 2021 for $37 million, intending to revamp it. The plans were thwarted by the declining office market, which led to the building remaining vacant and subsequently, the foreclosure. This turn of events highlights how even the most carefully devised real estate strategies can be vulnerable to broader economic trends. The story serves as a reminder of the inherent risks involved in commercial property, and how important it is to consider the changing market dynamics.

While 99 Rhode Island Street is a story of transition and opportunity, it is also linked to another property: 99 Rhode Island Avenue. This is a different property altogether: a 2,532 square foot house on a 7,301 square foot lot, located in East Orange, New Jersey. Based on Redfin data, the estimated value of the home is $486,103. While the two properties share a similar address, they exist in entirely different contexts, highlighting the diversity of real estate across different markets.

The narrative also includes related locations such as 99 Water in Warren, Rhode Island, which is a new residential community. The historic town of Warren is located in Rhode Island, known for its coastal charm. Further connection is made to the Rhode Island Convention Center, specifically, the North Garage on West Exchange Street in Providence, which provides parking services. These locations provide a look at the broader spectrum of real estate, from residential to commercial to parking facilities.


Key Information about 99 Rhode Island Street:

Attribute Details
Address 99 Rhode Island Street, San Francisco, CA
Year Built 1948
Property Type Office/Other
Stories 3
Square Footage 63,000 sqft
Previous Tenants Pax Labs, Macromedia, Jawbone, Airbnb
Recent Sales Sold in 2021, EQT Exeter acquired the property
Current Status Foreclosed, with plans for a school (Hiba Academy)
Zoning Change Application filed to rezone to accommodate a school
Lease Comps One recorded in 2019 (CompStak)


Reference Website: LoopNet

The propertys history includes periods of significant activity. In the past, 99 Rhode Island Street has served as a hub for tech startups, hosting companies like Macromedia, Jawbone, and Airbnb. These tenants contributed to the city's reputation as a global center of innovation and creativity. The fact that such influential companies were housed in this building emphasizes its pivotal role in shaping the tech landscape. The site is also listed on Cityfeet, offering details on the office space available for lease, with details on floor plans and touring instructions.

The story of 99 Rhode Island Street is not a static one. From the early days, to its prominence as a hub for tech innovation, to the shift towards education, the address has continuously evolved, showing its adaptability and resilience. The future of 99 Rhode Island Street remains open, as the community eagerly anticipates the opening of Hiba Academy, ready to write the next chapter in this dynamic space. The story of 99 Rhode Island Street underscores the complex interactions of real estate, economic cycles, and the aspirations of people. Its a symbol of San Franciscos ever-changing identity, highlighting the continual shifts in the urban fabric. The former headquarters, previously occupied by tech giants, now have the potential to be transformed into educational centers, where new generations are taught and educated.

99 Rhode Island St, San Francisco, CA 94103 Office for Lease LoopNet
99 Rhode Island St, San Francisco, CA 94103 Office for Lease LoopNet
99 Rhode Island St, San Francisco, CA 94103 Office for Lease LoopNet
99 Rhode Island St, San Francisco, CA 94103 Office for Lease LoopNet
99 Rhode Island St, San Francisco, CA 94103 Office for Lease
99 Rhode Island St, San Francisco, CA 94103 Office for Lease

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