S F Flatiron

by David Bearden

Title

S F Flatiron

Artist

David Bearden

Medium

Photograph

Description

Francis Ford Coppola nearly lost his landmark Sentinel Building in North Beach on the debtor's auction block, but managed to pay off a delinquent loan just in time. The financially strapped 45-year-old director of such hit movies as "The Godfather" and "Apocalypse Now" owed $1.7 million plus interest to Security Pacific Bank. The trustee's sale to satisfy the debt, scheduled for the steps of City Hall, was canceled after Coppola came up with the money. The copper-domed seventh floor of the flatiron building at Columbus, Kearny and Jackson streets has for more than a decade been Zoetrope Studio's San Francisco office. Coppola bought the building for $500,000 in 1973, according to the county assessor's office, but its retail value is probably several times that. The Sentinel Building was constructed in 1905 and survived the 1906 earthquake and fire. One of the original financiers of the structure was Abraham Ruef. His move into the building had to be postponed for years while he served time at San Quentin for graft. In the 1950s, the building was renamed Columbus Towers, but the original name was restored in 1970 when the building was declared a city landmark

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May 10th, 2018

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