Build More Housing Initiative Seeks 10K Units per Year through 2066
Entitled the “Build More Housing Initiative,” the paperwork for a proposed ballot measure which would establish a new “Housing and Inequality Task Force” was filed with San Francisco’s Department of Elections this morning. CONTINUE READING ON SOCKETSITE...
Potential for Whole Foods and Formula Retail on Polk Remains
While San Francisco’s Planning Department had recommended the City’s Planning Commission support a modified prohibition on new Formula Retail establishments along the Polk Street corridor, with an exception for developments where the ratio of residential uses to new formula retail was at least 3:1, the Commission voted 4 to 3 against supporting the proposed ban yesterday afternoon. CONTINUE READING ON SOCKETSITE...
CURRENTLY SELLING
Tenderloin Infill Site Back on the Market at a Luxury Price
...Two months ago the City approved plans for an eight-story, market-rate building with 23 sub 500 square-foot residential units to rise on the site, along with a 970-square-foot retail space and a ground-floor room for the storage of 24 bikes. And yesterday, the “Fully Entitled!” 430 Eddy Street site returned to the market listed for $5 million or roughly $220K per entitled unit CONTINUE READING ON SOCKETSITE...
DEVELOPMENT PIPELINE
Designs for 250-Foot Hub Tower Submitted to Planning
While angling for an extra 200 feet in height last year, Gould Evans, on behalf of Align Real Estate, has just submitted the official application to San Francisco’s Planning Department for a 250-foot tower and adjacent 85-foot podium building to rise at 30 Otis Street, at the intersection of Otis, South Van Ness Avenue and 12th Street.CONTINUE READING ON SOCKETSITE...
Pushback on Modern Bay Window Design for Big Bubble Site
Having reviewed the preliminary designs for a proposed building to rise up to seven stories in height upon the Big Bubble Laundromat site at 2525 Van Ness Avenue, adjacent to Amero, the City has proffered a bit of feedback and potential bay window “pushback” CONTINUE READING ON SOCKETSITE...
One Step Forward, Two Steps Back Re: Plans for Flower Stand Site
The plans to level the Sunset District flower stand and two undeveloped lots on the southwest corner of Quintara and 19th Avenue, and construct a four-story building across the site, have taken one step forward and two steps back as the City isn’t in favor of the preliminary proposal nor design. CONTINUE READING ON SOCKETSITE...
Let There Be Light (and New Condos) on Potrero Hill
...the proposed development to rise up to 40-feet in height at 540 De Haro Street, across the street from the Anchor Steam Brewery and adjacent to the Saint Gregory of Nyssa Episcopal Church, has been slightly redesigned and will try again to be approved next week. CONTINUE READING ON SOCKETSITE...
Beast on Bryant Approved in 11-Hour Meeting
The proposed 335-unit housing development covering the 2000-2070 block of Byrant Street, dubbed the "Beast on Bryant" by critics (who should really be proud of how difficult it’s been for the project to shake that title), finally went before the Planning Commission last night, winning approval on a 5-2 vote.CONTINUE READING ON CURBED...
ETCETERA
Major landlord sees 'weakness' in San Francisco market
Huge landlord Equity Residential said this week that under performance in its San Francisco portfolio was a factor in a decision to lower its revenue forecast for the second time this year, raising alarms that the city's white hot housing boom may finally have hit a ceiling. CONTINUE READING ON BUSINESS TIMES...
Bay Area Rents Sluggish, But Still Break Records
The median rent for one bedroom in the city now floats somewhere around $3,590, up $90, or 2.6 percent, over the same time last year, a fairly small inflation compared to years past. It’s now $4,800 for two bedrooms, up 0.4 percent in May. CONTINUE READING ON CURBED...
