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San Francisco Developer Places Bet on Struggling Neighborhood With Office Overhaul Plans

Aralon Properties Pitches Proposal To Revamp Mixed-Use Union Square Building
San Francisco developer Aralon Properties acquired the mixed office and retail building at 838-842 Market St. for $30 million in 2022. (CoStar / Anita Shin)
San Francisco developer Aralon Properties acquired the mixed office and retail building at 838-842 Market St. for $30 million in 2022. (CoStar / Anita Shin)
CoStar News
February 28, 2023 | 9:22 P.M.

The office market in San Francisco's iconic Union Square shopping district has never been on par with the rest of the city. Yet despite the slew of historical and mounting pandemic-related challenges, a local developer is willing to bet on the district with plans to revamp an aging office property.

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