The number of luxury homes sold in SF hit a new high in May
184-unit NoPa development approved
Pair of Central SoMa towers slated for approval
Bigger plans for Mission District development have been drawn
COMMUNITY
San Francisco’s Transit Center Will Reopen on July 1
"With the repair and remediation of the fractured beams that resulted in the emergency closure of San Francisco’s new Salesforce Transit Center having been completed ahead of schedule, and a comprehensive inspection of the entire structure having failed to uncover any new concerns, the transit center and its rooftop park will re-open on July 1... The installation of an all-new concrete pathway atop the transit center’s roof, replacing the original decomposed granite, which was continuing to decompose, will have been completed by the re-opening date as well." CONTINUE READING ONSOCKETSITE
S.F. real estate market rebounding amid hot spring for luxury housing
"Sales of homes above $2.5 million are again popping in San Francisco after a chilly winter for real estate in the city...The report, released this week, reveals that the number of luxury homes sold in the city hit a new high in May with 79, surpassing the previous high of 70, which was set in May of last year. " CONTINUE READING ONBUSINESS TIMES
DEVELOPMENT PIPELINE
184 new condos approved at site of NoPa carwash
"The carwash at 444 Divisadero has reached the end of its final cycle, as the San Francisco Planning Commission voted Thursday to approve a 184-unit housing development on the site. The plan would require the demolition of the existing structures, replacing them with a mid-rise hub of new housing." CONTINUE READING ONCURBED
Challenged Central SoMa Development Closer to Reality
"...The application to proceed with the mass redevelopment of 12 contiguous Central SoMa parcels stretching from 400 Second Street to 665 Harrison and dubbed One Vassar has formally been submitted to Planning. And we now have the latest set of renderings to share. Once again, two towers are proposed to rise up to 350 feet in height upon the 400 Second and 657 Harrison Street lots, heights which neighbors are actively fighting to have reduced... At the other end of the site, a residential tower designed by Solomon Cordwell Buenz (SCB) would yield 491 apartments over a 14,000-square-foot childcare facility, 1,700 square feet of retail space and a basement garage for 136 cars." CONTINUE READING ONSOCKETSITE
Pair of Swoopy Central SoMa Towers Slated for Approval
"With the plans for Tishman Speyer’s blocky office development to rise on the northeast corner of Brannan and Fifth Streets having been approved, marking the first approval of a key site upzoned by San Francisco’s Central SoMa Plan, Tishman’s refined plans for two swoopy towers to rise up to 425 feet in height on the northeast corner of 4th and Townsend, stretching across seven Central SoMa parcels, including those currently occupied by The Creamery, Iron Cactus, Waterfall and HD Buttercup, could be approved in two weeks time. As designed by Adamson Associates along with the Bjarke Ingels Group (BIG), the proposed 655 4th Street project, which might appear as four separate towers but is actually two, would yield a total of 960 condos, with a boutique 38-room hotel, 24,500 square feet of commercial space, an underground garage for 276 cars, secured storage for 540 bikes and 18,500 square feet of ground floor retail space wrapped around a central courtyard / privately-owned public open space (POPOS)." CONTINUE READING ONSOCKETSITE
Bigger Plans for Mission District Development Have Been Drawn
"...The formal application to move forward with the demolition of the shuttered Mission District garage at 1721 15th Street (between Little Star Pizza and The Monastery, which is actually on market) and development of a modern five-story building upon its site has been submitted to Planning. The project as proposed would yield 24 residential units (8 one bedrooms and 16 twos) over 2,700 square feet of retail space, with off-street parking for 24 bikes and zero (0) cars and a facade that’s finished with perforated Corian panels... But the processing of the formal application has been put on hold. And bigger plans for the site have since been drawn for the Dragonfly Investments Group, bonus plans which would yield a total of 41 residential units (over two retail spaces)." CONTINUE READING ONSOCKETSITE
Showplace Development Approved but not yet Permitted
"Plans to raze the two-story Art Deco building at 828 Brannan Street, which was built for the Schweitzer Wholesale Meat Company back in 1936, have been in the works for a few years... And if approved and the ground is broken, the seven-story building would rise up to 68 feet in height upon the Showplace Square site, with 50 residential units over 2,100 square feet of new retail space fronting Brannan and a basement garage for 22 cars and 36 bikes. Secured parking for another 18 bikes would be provided on the ground floor as well. The plans have since been formally approved and the development’s exemption from a resource intensive environmental review has now survived the statutory 30-day window within which it could have been appealed." CONTINUE READING ONSOCKETSITE
Redevelopment of Historic Resource about to Break Ground
"...The redevelopment of the Golden Gate Building’s parcel at 1028 Market Street, a.k.a. the Hollywood Billiards site, has been permitted and is now positioning to break ground this August. While the Golden Gate Building was deemed a historic resource, a designation which could have cut its redevelopment short, San Francisco’s Planning Commission approved the plans for a new 13-story building to rise on the site back in 2017. And while said plans appear to have since been value engineered a bit, as newly rendered by SCB below, the development will still yield 193 apartments, 26 of which will be offered at below market rates, over 6,000 square feet of new ground floor restaurant/retail space along Market Street and Golden Gate Avenue. " CONTINUE READING ONSOCKETSITE
Luxury homes under construction on Yerba Buena Island
"Developer Wilson Meany broke ground Tuesday on a long-planned development on Yerba Buena Island, located in the middle of the bay next to Treasure Island. The firm is marketing the 266 incoming homes as luxury condos and townhomes steeped in the natural beauty of the island setting. The homes will feature, among other things, views of San Francisco, the Bay Bridge, and the Golden Gate Bridge. The new development is part of San Francisco’s plan to remake Treasure Island as a dense hub of new housing." CONTINUE READING ONCURBED
