Twitter Tax Break Means 1,000 Employees Call SoMa Home

Posted On: Friday, June 22, 2012 - 11:00am | Posted By: Kevin Koerner
Topics: Laws and Regulations | Tags: boost, business news, economy, employees, energize, headquarters, influx, infusion, Mayor Ed Lee, payroll tax break, PRIDE, pride celebration, pride parade, regentrification, san francisco, SF Pride, software, SOMA, South of Market, tax break, techies, technology, twitter, Zephyr, zephyr real estate | Neighborhood: Downtown, San Francisco: Profile and Properties for Sale, South of Market, San Francisco: Profile and Properties for Sale, Van Ness/Civic Center, San Francisco: Profile and Properties for Sale

On Friday, June 8th, Twitter moved its San Francisco headquarters from the rather ordinary 795 Folsom St. to 1355 Market Street, an impressively masculine Art Deco gem, originally known as the San Francisco Mart. It took three years of renovations and a six-year payroll-tax- break from the city to convince the microblog giant to trade up to its new headquarters and agree to move 1,000 employees to the SoMa (South of Market) landmark. They will arrive during the next thirty days. SoMa residents will be on the lookout and hoping that many of the fresh faces choose to become new neighbors.

Sources: (content) CBS Local, Business Insider, (photo) Google images, (video) Zephyr Real Estate and YouTube
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Kevin Koerner

Kevin Koerner has been a San Francisco Real Estate Agent since 2001.
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