The District
The Strand Theater
1127 Market Street

The American Conservatory Theater (A.C.T.) purchased the Strand Theater in February 2012.

The historic cinema first opened in 1917 and had operated until it closed in 2006.

“Activating long vacant buildings around Central Market and the Tenderloin is key to improving the area,” said Mayor Lee. “A.C.T.’s purchase and activation of the Strand is another important step in cultivating a unique identity for the neighborhood that will bring new jobs and bustling crowds to the area.”

A.C.T.’s purchase of the Strand at 1127 Market Street comes on the heels of the company’s opening of a small performance space, The Costume Shop, nearby at 1117 Market Street. The 300-seat Strand will also be home to performances from A.C.T.’s Master of Fine Arts Program students.

The Strand will expand the scope of A.C.T. performances, as productions will be staged both at the American Conservatory Theater, A.C.T.’s 1,040-seat mainstage space, and at the Strand’s more intimate proscenium space.

Current plans for the Strand include a 300-seat theater, a mixed-use space for classrooms, rehearsals, and cabaret performances, and a small restaurant.

The total cost of the purchase and renovation is $18 million, which will be paid for in part by a fundraising campaign and a donation from Jeff Ubben, an ACT board member and a founder of the investment firm ValueAct Capital.

Renovation will begin in spring of 2013 with a target opening date in late fall of 2014.

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Trinity Place
Eighth & Market Streets

(this project is underway)

Trinity Place project will construct four residential towers in four phases, ultimately including 1,900 new residential units (approximately 1,411,000 gross square feet [gsf] of residential space). There will be 1,100 studio units and 800 one-bedroom units comprising the residential component of the project. Of these, 360 units would be rent-controlled, and up to 15 percent of the 1,540 non-rent-controlled units, or 231 units, would be designated as affordable. Trinity Place would replace the existing 360 rent-controlled units with new studio units during the first phase of the project.

The proposed buildings would range from 18 to 26 stories in height (about 167 to 240 feet), with frontages along Market, Mission, and Eighth Streets, and the Stevenson Street terminus. Trinity Place would include about 60,000 gsf of ground-floor retail space, with street frontages along Market Street, Mission Street, and portions of Eighth Street. It would provide 63,000 square feet (sq. ft.) of open space.

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The Mint Project
Fifth & Mission Streets

(this project is planned)

Preserved in its 1874 glory, the San Francisco Mint will be open to the public in its entirety for the first time as part of the Mint Project. The Old Mint, one of San Francisco’s most significant architectural treasures, will be transformed into a 21st century mixed-use cultural center that is part history museum, part visitor’s center, and part locally-focused retail. The building will function as a starting place for tourists and residents to discover and to learn about the rich history and culture of the Bay Area.

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