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With $2.5 million in financing help from CAST and lending support from Community Vision, Oakstop was able to purchase its flagship building at 1721 Broadway for $8 million.
San Francisco’s CounterPulse shows how arts organizations can take advantage of a lease-to-own model developed by CAST.
Oakstop’s purchase of its flagship building represents a big win for art, artists, entrepreneurship, and Black real estate ownership in the Bay Area.
November 2013 – Former SF Mayor Edwin M. Lee along with former Director of the Office of Economic and Workforce Development (SFOEWD) Joaquin Torres (far left) and former District Six Supervisor Jane Kim (middle) joined newly formed CAST to announce the purchase of two arts buildings for CounterPulse and the Luggage Store in the Mid-Market and the Tenderloin neighborhoods.