China Live

$1.8 Million   |   20 Year Term   |   HVAC, LED Lighting, Building Controls, Cool Roof, Insulation, Windows, Low Flow Water

$1.8 Million to San Francisco Mixed-Use

China Live is a culinary and cultural destination in the heart of San Francisco’s Chinatown district. The 644 Broadway building is more than just a mixed-use office / retail space, it features 3 different restaurants offering an unparalleled San Francisco fine dining experience, as well as 3 bars including a rooftop bar and secret bar located on the second floor of China Live.

The Challenge The building was acquired several years ago by Cypress Properties Group, a Bay Area based real estate developer, who redeveloped it into a modern complex with office, theater, and retail space.

The SolutionCleanFund provided $1.8 million in C-PACE financing, which replaced more expensive equity commitment and allowed the building owner to undertake a larger scope of work.

The Result In addition to energy savings of 24%, C-PACE also helped the owners solve their “split incentive” issue by sharing the costs and benefits of their investment in energy and water efficiency with tenants.

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Jeff Lee
Jeff Lee
Principal at Cypress Properties Group

“Through our experience with CleanFund, we absolutely realized the power of C-PACE — the building has become more valuable not only from a financial point of view but from a tenant’s standpoint. We want our tenants to feel as though they are in a very contemporary and sustainable building. Plus, an energy and water efficient space results in lower energy costs which benefits as a non-profit.”


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