Steph Curry pays $9M for commercial building in SF’s Dogpatch

Stephen Curry has paid $8.5 million for a 10,000-square-foot commercial building to serve as a new hub for Thirty Ink in San Francisco. The property has been approved for redevelopment.

The four-time NBA champion withthe Golden State Warriors bought the two-story, brick-and-concrete building at 600 20th Street, in Dogpatch, the San Francisco Chronicle reported. The seller was locally based Mindful Investments.

The $8.5 million deal works out to $850 per square foot — nearly six times what the building traded for in 2021, according to the newspaper. The last traded price was not disclosed.

The property will serve as a new hub for Thirty Ink, Curry’s off-court conglomerate, which will relocate from an undisclosed address on Howard Street, in South of Market, according to a representative. The number 30 is Curry’s jersey number.

The company’s office serves Curry’s eight businesses, “spanning across athlete management, brand, fitness, lifestyle, impact, media, philanthropy and technology with a shared mission to Elevate the Under,” according to a statement sent to the Chronicle. 

The unidentified Thirty Ink spokesperson said the company hopes its move to the underdog neighborhood will contribute to the area’s “revitalization,” and will help redevelop the “underutilized” industrial district into “market-rate space.” 

The 0.13-acre property at 20th and Illinois streets is within walking distance of Chase Center, home to the Warriors. It’s across the street from the historic Bethlehem Steel building, where Restoration Hardware opened in 2022.

It’s also close to Brookfield’s $3.5 billion redevelopment of Pier 70, which stalled in early 2022 because of economic conditions. If built, the Pier 70 project, would add up to 2,150 homes and 2.3 million square feet of commercial space on the central waterfront.

Curry’s new building, built in 1972, was approved last month for redevelopment into a five-story mixed-use building, according to the city’s Planning Department Chief of Staff Dan Sider. The spokesperson for Thirty Ink said more approvals were still needed to greenlight the project.

The applicant for the project was Mindful Investments, a partner of locally based Kenji, led by Ronaldo Cianciarulo, according to SFYimby and state business records.

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Plans for the proposed 25,000-square-foot building include 2,680 square feet of labs, nearly 9,000 square feet of offices and 3,300 square feet for “arts activities,” with a three-bedroom apartment on the fifth floor, according to the Planning Department. It would have a rooftop deck.

In 2022, Curry and his wife, Ayesha, bought a 4,300-square-foot condominium outside Orlando, Fla., for $2.1 million. In 2020, they paid nearly $8 million for a 2,800-square-foot condominium on the 30th floor of the Four Seasons Residences at 706 Mission Street in San Francisco.

A year earlier, the couple bought a 7,500-square-foot home at 247 Polhemus Avenue in Atherton for $31 million. They sold it in 2021 for nearly $31.2 million, netting $150,000.

— Dana Bartholomew