It’s the way we think 
that sets us apart.

TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 40 years. As much as we have accomplished over the last four decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.
Localism

Real Estate is
a local business.

No, really.

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for four decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.
Regionalism

We Think 
Mega

If we try to solve our land use problems by focusing
only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & Co-CEO

As the Bay Area’s economy has grown over the last four decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.
Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldCo-CEO

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 40 years of market cycles that works in all phases and has withstood the sands of time.
Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.
Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer &
Executive Vice President

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.
Think
Localism
Regionalism
Timing
Vision
Returns
Close

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News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
In the News. Press Releases. Awards.
TMG’s 3700 California Project in San Francisco Advances to Preliminary Project Assessment
The Registry
TMG’s 3700 California Project in San Francisco Advances to Preliminary Project Assessment
by Michele Chandler

The San Francisco Planning Department has provided a Preliminary Project Assessment (PPA) letter containing feedback to the $300 million hospital building-to-housing community project proposed by the California Pacific Medical Center.

The California Hospital Campus of the California Pacific Medical Center (CPMC), located at 3700 California Street, will be moving to a new state-of-the-art hospital on Van Ness Avenue in 2019. Planning for a new use for the current CPMC site started in 2015.

Early this year, a Preliminary Project Application (PPA) and Environmental Evaluation (EE) were submitted to activate the City of San Francisco’s formal review process.

A June 27 assessment letter from the Planning Department identifies review requirements for the proposed project, which the CPMC described in its application submitted on March 17.

The proposal includes the entire project site of approximately 213,753 square-feet, spanning three blocks. The proposal includes demolishing five of the seven existing CMPC/Sutter Health structures on the site and constructing up to 37 new buildings, including single-family dwellings and multi-family residences, plus below-grade parking.

The proposal would retain two existing buildings: the four-story, nine-unit residential building at 401 Cherry Street and the three-story Marshall Hale Memorial Hospital Building at 3698 California Street, which will become a 14-unit residential building.

When complete, the proposed project site will consist of 39 buildings ranging from three to seven stories and will contain 250 residential units, 373 vehicle parking spaces and parking for 147 bicycles.

TMG Partners, one of the largest mixed-use property developers in the Bay Area, was selected as the developer for 3700 California. The proposal calls for up to 250 units and included input gathered during an 18-month-long process involving the surrounding community.

“TMG prides itself on working with local communities to develop unique plans for projects that reflect the surrounding neighborhood and we look forward to continuing this close neighborhood planning work as the process unfolds with the City,” said Matt Field, Chief Investment Officer, TMG Partners in a statement in March 2017 when the project application was submitted. “We are proud of the carefully thought-out, family-oriented design that we submitted today to launch the official public process. We are also very grateful for the hours spent by the dedicated neighbors who are working with us to weave this new development into the existing neighborhood.”

The project was designed by architectural and urban planning firm Robert A.M. Stern Architects and included input from a Visioning Advisory Committee comprised of representatives from neighborhood associations and San Francisco City staff.

Current zoning would allow for the construction of about 320 housing units with more than 80 percent of units having two or more bedrooms, the Preliminary Project Assessment said. The plans feature almost 40 individual townhouses and apartment buildings, ranging from 35 to 80 feet in height, consistent with site zoning and the scale of the surrounding neighborhoods. “If constructed as a Planned Unit Development, the site could include approximately 478 housing units. The Department strongly encourages increased density on the site,” the Planning Department’s assessment said.

In compliance with the California Environmental Quality Act (CEQA), an environmental review process is required before final approval may be granted.

Also, the Planning Department said, the project site contains buildings “considered to be a potential historic resource (constructed 45 or more years ago),” making the overall proposal subject to review by the department’s Historic Preservation staff.

CPMC has operated a hospital at the 3700 California site since 1887, and buildings on the property date back to 1938.

On the sustainability front, the project must meet the standards of LEED silver certification or the equivalent GreenPoint rating system to meet San Francisco’s sustainability-related regulations for recycling, composting, solar, and other areas, according to the Planning Department’s document.

The project’s developer is required to conduct an additional outreach meeting for property owners and tenants living within 300 feet of the project—as well as all registered neighborhood groups in Presidio Heights—after initial design comments have been provided from the Planning Department and prior to a hearing before the Planning Commission.

The Preliminary Project Assessment letter provides feedback from the Planning Department and identifies Planning Department review requirements for the proposed project, including those related to environmental review, approvals, neighborhood notification and public outreach, the Planning Code, project design and other general issues of concern for the project.

CPMC is the largest medical center of the Northern California-based Sutter Health health system. The medical center resulted from the merger of the four oldest hospitals in San Francisco: Children’s Hospital, Davies Medical Center (Franklin Hospital), Presbyterian Medical Center and St. Luke’s Hospital.