Urban Land Development

What Urban Land Development does

Urban Land Development (ULD) is a privately held, full-service real estate development firm headquartered at 33 New Montgomery Street in San Francisco, operating exclusively within the San Francisco Bay Area. The firm executes ground-up development, asset repositioning, and value-enhancement projects across commercial office/retail and residential (luxury condo and multifamily) product types. Its active portfolio includes 150 Post Street (117,435 sq ft Class A office in Union Square), 531 Bryant Street (51,188 sq ft Class A mixed-use in Central SOMA), 420 Bryant Street (13,553 sq ft office in SOMA East), 321 Florida Street (168 residences in the Mission District), and 1320 Washington Street (luxury Nob Hill condos), with prior realizations on 1161 Mission (sold 2012) and 142 Minna (sold 2016). Design is delivered in partnership with Handel Architects.

ULD operates through three monetization lanes: (i) commercial property leasing and sales to enterprise tenants (professional services, legal, financial, and technology firms), (ii) residential sales and rental of multifamily and luxury condominium product, and (iii) an investment management business deploying capital across stabilized, value-add, and development-related investments for institutional and private investors. Revenue mechanics are project-driven — long-duration leases, condominium sell-outs, and recurring asset-management fees/carry — with pricing negotiated individually and not publicly disclosed.

The firm employs 11-50 professionals under CEO Jon Mayeda, with Susan Sagy (Managing Director, 25+ years and 3.8M sq ft developed) and a credibility-heavy bench that includes Non-executive Chairman Jackson Tai (former DBS Group CEO, J.P. Morgan MD) and Senior Advisor Michael Covarrubias (TMG Partners CEO). ULD's go-to-market is enterprise field sales supported by deep Bay Area relationships with planning departments, policymakers, and community leaders, which it cites as the principal source of its deal-flow and entitlement advantage. The firm reports no technology platform, no AI/ML capabilities, no disclosed funding rounds, and no M&A history.

Name

Urban Land Development

Legal name

Urban Land Development LLC

Website

https://uldevelopment.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Urban Land Development is a privately held San Francisco-based real estate developer executing ground-up and repositioning projects across Class A commercial office, mixed-use, and residential assets exclusively in the Bay Area, serving enterprise tenants, residential buyers/ renters, and institutional investors.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Urban & Regional Planning (Land Use, Zoning, Master Planning) (BPAIANAD)

Keywords

• Commercial real estate development
• Residential real estate development
• Asset repositioning
• Ground-up development
• Real estate investment management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Real Estate Development: Ground-up development, asset repositioning, and value enhancement of commercial office and retail properties in the San Francisco Bay Area. Revenue generated through property sales or long-term leasing to commercial tenants.
2. Residential Real Estate Development: Development of residential properties including luxury condos and multi-family apartments. Revenue from property sales or rentals.
3. Investment Management: ULD invests across stabilized, value-add, and development-related investments. Generates returns through property appreciation, rental income, and asset disposition for investors.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Urban Land Development is a full-service real estate development firm that acquires, develops, repositions, and manages commercial and residential properties in the San Francisco Bay Area. Its offerings include ground-up development of Class A office, retail, and luxury residential projects, asset repositioning of obsolete or underutilized properties, and investment management services for institutional and private investors across stabilized, value-add, and development-related opportunities.

Product overview

Urban Land Development (ULD) is a full-service real estate development firm offering a portfolio of commercial and residential real estate projects in the San Francisco Bay Area. The company's core offerings include commercial properties (531 Bryant Street, 150 Post, 420 Bryant Street) and residential developments (321 Florida Street, 1320 Washington Street). ULD's investment strategy spans stabilized Class A properties, value-add repositioning opportunities, and ground-up development projects. The company specializes in acquisition, asset repositioning, ground-up development, and value enhancement across both commercial office/retail and residential multifamily segments.

Differentiator

Problem solved

Functional benefit

Products and services

• 531 Bryant Street A 51,188-square-foot Class A mixed-use retail and office building in the vibrant Central SOMA business district of Downtown San Francisco, designed by Handel Architects with ground-floor retail space supporting local businesses and landscaped public open space.
• 150 Post A seven-story building comprising 117,435 gross square feet of commercial office space with ground-floor retail, located in Union Square one block from the North Financial District and steps from Montgomery Street BART.
• 420 Bryant Street A 13,553-square-foot office building located half a block from the South Park tech and innovation enclave of the SOMA East submarket, one block from ULD's 50,000-square-foot office building at 531 Bryant Street.
• 321 Florida Street A residential project with 168 residences in San Francisco's Mission District, designed as a contemporary factory for living and community with an art gallery for local artists, rooftop sky lounge, gym, and state-of-the-art concierge services.
• 1320 Washington Street A luxury Nob Hill condo project designed by Handel Architects offering panoramic views of the Golden Gate Bridge and San Francisco Bay, located near boutique shops, world-class amenities, and Michelin-starred restaurants.
• 1161 Mission Street A 75,000-square-foot industrial building acquired in 2006, extensively renovated and became the first creative office building in San Francisco; sold in 2012 to an institutional investor.
• 142 Minna Street Building purchased off-market in 2012 and repositioned with significant capital improvements including ground-floor restaurant and creative office space; sold in 2016 to an institutional investor.

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Jacobs HeartminorOthersNon-profit organization partnered with ULD as part of their philanthropy commitment to children and community enhancement projects.
• APACC (Asian Pacific American Community Center)minorOthersAsian Pacific American community organization partnered with ULD for community support and cultural arts initiatives.
• CAST (Community Arts Stabilization Trust)minorOthersOrganization supporting arts community through property-based work, aligned with ULD's commitment to cultural arts.
• Larkin Street YouthminorOthersNon-profit serving homeless youth in San Francisco, partnered with ULD for community enhancement.
• ABADAminorOthersArts and cultural organization partnered with ULD supporting cultural arts in the Bay Area.
• Carnival San FranciscominorOthersCultural arts organization producing carnival events, partnered with ULD for community cultural initiatives.
• United PlayazminorOthersCommunity organization focused on youth violence prevention, partnered with ULD for community support.
• WestBay CenterminorOthersSenior services organization partnered with ULD for community enhancement projects.
• Handel ArchitectscoreStrategic or Co-development PartnerAward-winning architectural firm serving as design partner for multiple ULD projects including 531 Bryant Street and 1320 Washington Street. Contributed to the vibrancy and quality of ULD's commercial and residential developments.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tishman Speyer: Global real estate owner, developer and investor with major office, residential and mixed-use portfolios. Broad incumbent offering overlapping product categories and institutional investment orientation.
• Boston Properties: Public REIT focused on Class A office and mixed-use properties in major US markets including San Francisco. Comparable for ULD's Class A office repositioning strategy at the institutional-investor level.
• Lendlease: Global real estate and investment group with significant urban regeneration and mixed-use development activity. Broad incumbent offering overlapping ground-up development capabilities.
• Brookfield Properties: One of the largest publicly traded real estate platforms, with substantial office, retail and multifamily holdings including on the US West Coast. Comparable at the asset-class level (commercial office, residential) but operates at much greater scale and geographic breadth.
• Related Companies: Large national real estate development and investment firm with significant mixed-use, residential and commercial activity including in California. Broad incumbent offering overlapping capabilities at substantially greater scale.

Direct peers

• TMG Partners: Privately held, full-service San Francisco real estate development firm led by CEO Michael Covarrubias — ULD's own Senior Advisor. Directly comparable as a Bay Area-focused developer specializing in building rehabilitation, asset repositioning, ground-up development and entitlements.
• Prado Group: San Francisco-based residential real estate developer focused on urban infill multifamily and mixed-use projects. Comparable for ULD's residential product in Bay Area submarkets; ULD's own Chris Barideaux previously worked at Prado Group.
• Carmel Partners: San Francisco-headquartered multifamily real estate investment and development firm focused on urban and high-rise residential in West Coast markets. Comparable for ULD's residential pipeline (e.g., 321 Florida, 1320 Washington).
• Shorenstein Properties: San Francisco-based privately held real estate investment company focused on office and mixed-use properties in major US markets. Comparable for ULD's Class A commercial office strategy (e.g., 150 Post).
• Emerald Fund: San Francisco-based real estate investment and development firm focused on urban infill, mixed-use and residential projects in the Bay Area. Comparable as a regional developer targeting similar urban submarkets and product types.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urban Land Development