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SFUSD opens bids, runs oral auction for 700 Font Boulevard; highest oral bid at $20.1M
Summary
The San Francisco Unified School District opened written bids and conducted an oral bid procedure for the sale of 700 Font Boulevard (former SOTA campus). Written bids were opened and an oral auction advanced to $20,100,000; final acceptance will be decided at an adjourned session within 10 days.
San Francisco — The San Francisco Unified School District on Nov. 13 held a public hearing to open written bids and call for oral bids on the sale of 700 Font Boulevard, a former SOTA campus, in accordance with board resolution 710‑9W‑15 and California Education Code sections 17472 and 17473.
Executive staff reported that written bids were sorted from highest to lowest and that the Writing Group submitted the highest conforming written proposal at $17,051,000. Special counsel Richard Piaurota explained oral bidders must submit a written notice of intent and a nonrefundable $100,000 certified deposit and that any oral bid must exceed the highest written proposal by at least 5 percent to be considered responsive under state law.
The district called for oral bids beginning at $17,903,550 (5% above the Writing Group’s written proposal). Several bidders participated in an in‑room auction; the Writing Group and SRGP each raised their offers. The auction advanced through multiple increments and the district recorded an apparent highest oral bid of $20,100,000 before declaring the oral bidding closed. "$20,100,000 is the highest bid for the property," special counsel Piaurota said; the board president then closed the oral bid procedure.
President Mark Sanchez said the board will make final acceptance of the apparent successful written/oral proposal at an adjourned session to be held within 10 days and that public notice will be issued. The board also noted that proceeds from any sale are restricted to facilities and infrastructure uses and cannot be used for salaries or general operating costs.
What happens next: The district will reconvene within 10 days for final acceptance of the apparent highest bid and will publish public notice of that session; escrow and deposit terms will be applied per the board resolution and the Education Code procedures cited during the hearing.
Provenance: Written bid opening and oral bid procedure recorded during the Nov. 13 public hearing; remarks and bidding sequence recorded on the public transcript and in the board chambers.
