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MEDA seeking $7 million to buy historic Mission District building

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The Redstone building at Capp and 16th streets in the Mission District has historic significance to the labor movement and is home to a number of nonprofits and artists. (Kevin N. Hume/S.F. Examiner) (Kevin N. Hume/S.F. Examiner)

The Mission Economic Development Agency is $7 million short of purchasing the Mission District’s historic Redstone Labor Temple, and is now seeking governmental and philanthropic contributions to close the deal by the end of the year.

Born out of San Francisco’s labor movement, the building located at the intersection of 16th and Capp streets houses more than a dozen cultural organizations and independent artists, who have been at the risk of displacement pending the building’s sale earlier this year.

“San Francisco cannot afford to lose this vital asset,” said MEDA Senior Project Manager Feliciano Vera in a statement. “The building is a microcosm of that for which San Francisco has long stood — arts, labor, activism, community — and must be preserved.”

SEE RELATED: Mission nonprofit seeks to buy historic Redstone Building to keep tenants in place

A total of 35 tenants — from a Spanish-language radio station to an advocacy and support organization for transgender Latinas and a community-based group providing critical homeless support services — have occupied the building for years. The San Francisco Examiner previously reported that owner David Lucchesi initially attempted to sell the four-story, 55,000-square-foot building for upwards of $24 million.

According to MEDA, initial inspection of the more-than a century-old building shows it is in need of significant structural repairs. Necessary rehabilitation efforts would include the “repointing of the brick facade, steel supports of the dual sections of the edifice, a brand new roof, window replacement, water-damage abatement, revamped bathroom plumbing and ADA-compliance implementation.”

The agency is hoping to secure the building in the coming months to keep its tenants in place at affordable rents and to preserve the Redstone as a “permanent center for cultural resources.”

lwaxmann@sfexaminer.com

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