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Non-Profit Housing Office / Commercial Lodging / Conference Historic Rehabilitation Sustainable Design Thoreau Center for Sustainability

Thoreau Center for Sustainability

ECB partnered with the Tides Foundation to develop the Thoreau Center for Sustainability in the historic Letterman Hospital Complex at the Presidio in San Francisco. The first major rehabilitation project at the Presidio, ECB worked closely with the National Park Service to create a ground lease to meet the underwriting requirements of commercial lenders and serve as a model for private sector involvement in the rehabilitation of historic buildings in the Presidio.

ECB raised more than $2.5 million in equity, utilizing the historic tax credit, $8 million in construction and permanent financing and $3.5 million in program related investment loans from foundations.

The Thoreau Center is home to non-profit organizations involved in environmental, educational and social justice issues. It is a national model for its use of recycled and environmentally responsible materials.

LOCATION
Historic Letterman District
Presidio
San Francisco

PROJECT
Historic Rehabilitation
of 12 buildings
160,000 square feet
VALUE
$14 million

COMPLETION
Phase I - Spring 1996
Phase II - Spring 1998

PARTNER
Tides Foundation
ARCHITECTS
Tanner, Leddy, Maytum, Stacy Architects
Behm Architects

CONTRACTOR
Phase I - Plant Construction Co.
Phase II - Herrero Brothers, Inc.

FINANCING
First Republic Bank - Construction
and Permanent Loan
AWARDS
National Honor Award
National Trust for Historic Preservation

ECB ROLE
Developer / Project Manager /
Property Manager / Leasing Agent