In a strategic move, Stephen Curry, the renowned NBA player and Golden State Warriors' four-time champion, has purchased a 10,000-square-foot commercial building in San Francisco's Dogpatch neighborhood. The $8.5 million acquisition of the two-story brick-and-concrete building at 600 20th Street will serve as a new headquarters for Curry's off-court conglomerate, Thirty Ink.

The property, which has recently been approved for redevelopment, was sold by local firm Mindful Investments. The deal, amounting to $850 per square foot, marks a significant increase in value, almost six times higher than the building's previous trading price in 2021. The exact figure of the previous transaction was not disclosed.

Thirty Ink, named after Curry's jersey number, houses eight diverse businesses encompassing athlete management, branding, fitness, lifestyle, impact, media, philanthropy, and technology. According to a spokesperson, the conglomerate's current office, located on Howard Street in the South of Market area, will be relocated to the new building.

Notably, Thirty Ink aims to contribute to the revitalization of the Dogpatch neighborhood, which is often considered an underdog area. The company is dedicated to transforming the underutilized industrial district into market-rate space and hopes its presence will drive the area's rebirth.

Situated on a 0.13-acre property at the intersection of 20th and Illinois streets, the new hub for Thirty Ink offers convenient access to the Chase Center, the home arena of the Warriors. It also neighbors the recently opened Restoration Hardware store in the historic Bethlehem Steel building. Furthermore, it is in close proximity to Brookfield's ambitious $3.5 billion Pier 70 redevelopment project, which has faced delays due to economic conditions. If completed, Pier 70 would bring 2,150 residential units and 2.3 million square feet of commercial space to the central waterfront.

The commercial building itself, constructed in 1972, was granted approval last month for a five-story mixed-use redevelopment. However, additional approvals are still required to proceed with the project, as confirmed by Thirty Ink's spokesperson.

Curry's investment in this prime San Francisco property reflects his commitment to expanding Thirty Ink's operations and fostering the growth of the local community. As the off-court ventures of sports stars continue to flourish, Curry's latest move highlights his entrepreneurial acumen and his dedication to making a positive impact beyond the basketball court.