A towering 45-foot-tall nude woman that’s been turning heads along San Francisco’s waterfront is officially on the market — but anyone hoping to take her home better have deep pockets.

The massive metal sculpture known as “R-Evolution,” now renamed “I Am,” is up for sale or lease after its high-profile run at Embarcadero Plaza, according to creator Marco Cochrane.

Buying the 13,000-pound artwork won’t come cheap.

While Cochrane hasn’t listed an asking price, the costs are expected to climb well into the six figures. It cost roughly $300,000 just to install the giant sculpture in the city’s Embarcadero Plaza.

The colossal figure was created by Cochrane and modeled after California dancer and singer Deja Solis.

Cochrane said the statue is “up for sale and lease” and encouraged interested buyers to contact him if they want to make the eye-catching landmark their own.

“With this piece, Model Deja Solis explores and expresses what she feels like when she can just be…a whole person… a woman, radiating her energy into the world calm.. just breathing.”

The statue will be disassembled and leave San Francisco in October

The massive female is also known for its “breathing” period every day, when its metal chest expands and contracts. There is also two periods during the day when the statue is lit up.

A spokesperson for Building 180, who works with Cochrane, told SF Gate the statue “is on temporary loan and is available for purchase.” 

“We believe great public artworks shouldn’t return to storage — they deserve to find permanent homes where they can continue to inspire,” said the spokesperson. “Just as importantly, living artists deserve to be celebrated, supported, and paid for creating the work that enriches our communities.”

The huge woman was originally part of a privately funded project called Big Art Loop to bring 100 temporarily installed large-scale sculptures to public spaces in SF over the next few years.

Anyone interested in buying and installing the statue will need a crew to collect its 7 parts and bolt them together with the help of a crane and forklift.

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Fresh out of Stanford University, a young AI founder wanted to take the next step in the hallowed San Francisco startup playbook: purchase a so-called hacker house, fill it with his small team, and buckle down to build a company. He set his sights on Potrero Hill, a quiet, suburbanesque neighborhood that has experienced a breathless glow-up after OpenAI established its headquarters in the adjacent Mission Bay three years ago.

For his first-choice home, the founder wanted to come in strong. He bid 30% over asking, all cash. It wasn’t enough. He didn’t want to take any chances on the next home he found, so offered 50% over the list price, all cash, no contingencies.

“I thought we got it for sure,” the founder’s real estate agent, Milan Jezdimirovic, told The Real Deal. Jezdimirovic had attended every open house for the property, and made it clear to the seller his client was willing to be aggressive in purchasing the home. To go 50 percent over asking, all-cash, in the relatively modest Potrero Hill felt like a home run. Yet, they were outbid again. 

Welcome to Area AI.

“I was speechless,” he said. “We did everything we could. It’s incredible what the ceiling is, I mean, there is no ceiling.”

As the artificial intelligence industry announces itself as the latest California gold rush, it has resuscitated San Francisco in ways old and new. Long desirable neighborhoods such as Presidio Heights, Cow Hollow and Jackson Square have seen their fortunes return from a pandemic lull. Yet, the city’s southeastern district, a paved bayside paradise known for loading docks, warehouses, and wide streets has seen a surprising surge in demand as major artificial intelligence companies and their battalions of one-percenter employees continue to plant their flags.

The moniker developed around 2023, when OpenAI relocated to 1515 Third St in Mission Bay, the neighborhood just south of McCovey Cove, the channel most famous as a landing spot for the home runs of Giants legend Barry Bonds.

Although divorced from the hubbub of the Financial District, Mission Bay attracted its own share of heavy hitters from the last tech boom. Now, much of that space is occupied by OpenAI, which took over nearly a million square feet previously occupied by names such as DropBox, Uber and Old Navy. Companies such as chipmaker Nvidia and crypto-exchange platform Coinbase have also expanded into the neighborhood. While the rest of the city continues to struggle with office vacancy rates, Mission Bay is nearly out of room, according to JLL.

That energy has had a gravitational pull. The University of California San Francisco recently spent nearly a billion dollars to expand its school of dentistry in Mission Bay, and the San Francisco Unified School District is preparing to open Mission Bay Elementary in August, its first new public school in decades.

“That whole area of the city is up and coming,” said Derek Daniels, San Francisco research lead for Colliers.

Mission Bay’s rise wasn’t random. The San Francisco Giants organization had been eyeing a redevelopment of Mission Rock – a northern carve out of the Mission Bay neighborhood — as far back as the early 2000s. The Giants, with developer Tishman Speyer, completed the first of the four-phase, 28-acre, $2.5 billion megaproject in 2024. It included two new office towers — with tenants such as Visa’s global headquarters, the Golden State Warriors and Blue Bottle — more than 500 housing units, 550,000 square feet of new office space, and 52,000 square feet of retail. Phase 2 doesn’t have a start date, but is slated to begin soon. 

The effect has spilled into the residential market. The AI Boom has brought a flood of employees making base salaries around $500,000 who want to live near their offices, and the competition for Mission Bay’s apartments and condos has gotten fierce, with bidding wars pushing rents up sometimes by $1,000 or more, and condos going for well above asking price.

“For apartments, we will email the top five applicants and ask if there is anything else they can provide to help them stand out, and then they just start bidding against each other,” Jezdimirovic said. A recent rental hit the market for $7,890 and eventually leased for $8,700, while a recent three-bedroom rented for $15,000, he said. Over the last 12 months, the median prices for studios in Mission Bay have jumped 37 percent, two-bedrooms jumped 44 percent and one-bedrooms saw a 15 percent rise, according to Zumper.

The median price for a condo rose 13.2 percent over the last year, to $1.2 million, according to Compass. Jezdimirovic expects that number to continue to rise. He recently listed a 970 square-foot, one-bedroom condo for $1.2 million and eventually sold for $150,000 over asking.

“Today is not even comparable to 10 years ago,” Jezdimirovic said of Mission Bay. “Even just within the last two or three years, we’ve finally seen the full establishment of the neighborhood.”

The spillover effect has been dramatic for areas such as Potrero Hill. The neighborhood’s elevated views, easy highway access, and uniquely sunny weather have long made it a desirable landing place for young families. But over the last three years, it’s taken on a new role: as both a hot spot for hacker houses — homes essentially turned into dorms for tech entrepreneurs to live and work alongside one another— as well as the migration point for AI employees looking to settle down into family life or quieter living. In other words: Area AI’s suburb.

The median price for a single-family home rose 16 percent over the last year, reaching more than $2 million, according to compass. On average, homes are selling for 42 percent above asking, one of the highest rates of overpay in the city.

Jerry Rice Jr, (yes, son of that Jerry Rice), has worked as an agent in the area for 10 years and said he really began to see it surge around January. The area already has limited supply and few sellers — only 40 homes sold over the last 12 months — pressure that Rice said the AI wealth has only exacerbated.

“It’s been hot all year,” Rice said. “In Potrero Hill, you have all the benefits of the city without living in the city. The clients are largely family-oriented, with AI jobs and have a lot of liquid wealth. We’re seeing big cash offers.”

Rice said the nearby Dogpatch neighborhood, long characterized by warehouses and dilapidated buildings, is going to be the next beneficiary of the Area AI effect. The residential market has already started to creep up. The median price for a condo rose 7.3 percent over the last year, to $1.1 million, and total condo sales are up 15.2 percent, according to Compass.

The blue-chip startup accelerator Y Combinator, once led by OpenAI founder Sam Altman, relocated to the Dogpatch in 2023. Earlier this week, developer Brookfield, who has proposed a mega redevelopment of Pier 70 that would bring about 2 million square feet of commercial space and more than 2,000 new homes, requested adding 600 more units to the plan, bringing the total to 2,750. 

“About 15 years ago, people told me the Dogpatch was nothing,” Rice said. “The Dogpatch is going to look totally different in five to 10 years. If I were an investor, I would start looking in that area, because that’s a hidden gem with a lot of upside.”

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