December 12, 2013
Transbay Block 8 Attracts Who’s Who Of Developers And Architects
Back in 2009, the City of San Francisco cancelled their initial request for proposals to develop Transbay Block 8 when bids for the one-acre parcel fronting Folsom between First and Fremont came in well below expectations and without much buzz.
Having issued a new request for proposals last month, the pre-submittal meeting for teams interested in bidding on the opportunity to build a 550-foot tower and over 700 residential units on the site attracted a who’s who of developers, including AGI Capital (think Transbay Block 9), Crescent Heights (NEMA), Golub and Co. (Transbay Block 6/7), Hines (Transbay Tower), Tishman Speyer (LUMINA) and Toll Brothers.
And in terms of the architects, representatives from Architectronica, Fougeron Architecture, Handel Architects, Heller Manus, Kennerly Architecture, SCB and SOM were in attendance amongst others.
Proposals and designs for developing Transbay Block 8 are due by February 26, 2014.
Modern Hayes Valley Development Breaks Ground, Opening 2014
DDG and DM Development have just broken ground on 400 Grove Street, the modern 34-unit Hayes Valley development designed by Fougeron Architecture to rise at the corner of Grove and Gough Streets.
Reaching a maximum height of five stories, the 400 Grove Street building includes a little over 2,000 square feet of ground floor commercial space on the corner and 17 off-street residential parking spaces with access on Grove. The building should open in late 2014.
Proposal To Immediately Revitalize San Francisco's Pier 38 Picked
While it hasn't been announced, TMG's proposal for the redevelopment of San Francisco’s Pier 38 has beaten out the competing proposal from San Francisco Waterfront Partners according to a plugged-in tipster.
TMG's proposal emphasized the speed of redevelopment with a plan for the "immediate revitalization of the Pier 38 Bulkhead with a mix of public, office, and maritime uses." The Waterfront Partners' proposal included a tech co-working facility on the second floor of the building at the front of the pier and a beer garden facing the new Brannan Street Wharf.
The Pier 38 buildings have been red tagged as unsafe for occupancy since 2011 when serving as office space for a number of startups and a couple of venture capital firms. The Port's pick of a plan to quickly re-tenant the front part of the pier shouldn’t catch any plugged-in people by surprise.
Timing For Giants' Massive Mission Rock Development Moved Up
The target timing for the Giants' massive Mission Rock development has been moved up by a year with work on the first phase, which includes a tower up to 320 feet in height, now slated to commence in 2015. Click the map of the development with building heights and uses to enlarge.
Phase 1 of the Mission Rock development includes parcels A, B, and C along Third Street and a 2,300 space parking garage at the corner of Third and Mission Rock (parcel D). While the redevelopment of Pier 48 upon which Anchor Brewing is planning to build another brewery had tentatively been scheduled for Phase 4, it has been accelerated and split between phases 1 and 2. Phase 1 could be ready for occupancy in 2018.
The construction of Phase 2 which includes parcels G and K and the five-acre China Basin Park is now slated to commence in 2016 with occupancy by 2019. Construction of Phase 3 which includes parcels E and F and Mission Rock Square would commence in 2017 and be ready in 2020 with a residential tower rising up to 380 feet in height.
The final phase of the Giants' Mission Rock development includes parcels H, I and J with construction now slated to commence in 2018 and occupancy in 2021, a year earlier than originally projected.
Fully developed, the Mission Rock project will yield up to 1.6 million square feet of commercial space, up to 1,500 residential units, and between 150,000 and 250,000 square feet of retail/entertainment use with retail planned to be included on the lower floors of each building, including the Third Street frontage of the parking garage.
December 11, 2013
A Rather Extensive "Remodeling" (Of Everything But The Façade)
While the façade of 2178 Pine Street hangs like a Hollywood set with nothing left behind, technically the potential historic resource hasn't been demolished but is rather being "remodeled," with permits to convert the first floor (which no longer exists) to habitable living space, remodel the second and third floors of the building (which no longer exist), and to add a garage below.
Last used as a four-unit building, the
former Victorian was purchased for $1,663,000 this past April having originally been built around 1900 as a single-family home.
Six-Story Moorish Fortress Designed For Blighted Berkeley Lot
With the owner of the long vacant lot at the corner of Haste and Telegraph in Berkeley having settled a lawsuit with the City in October, agreeing to move forward with plans to develop the lot within 45 days or risk forfeiture of the land, Ken Sarachan is moving forward with plans to build a six-story Moorish fortress on the site adjacent to Rasputin Records which Sarachan also owns.
The proposed "El Jardin" development at 2501 Haste (click image above to enlarge) includes the demolition of the retail building at 2433 Telegraph and the construction of 79 dwelling units over 30,356 square feet of commercial space with the 69-foot high building rising over, and "carved" out of, a base of sculpted concrete rock:
(Continue reading: "Six-Story Moorish Fortress Designed For Blighted Berkeley Lot")
Offer Date For High-End Noe Home Comes And Goes, Reduced
Listed for $3,400,000 on November 10 with "Offers Due" at 1pm on November 21, the high-end Noe Valley home at 1612 Church Street remains on the market and its list price has been reduced by 9 percent to $3,095,000. A new due date hasn't been listed for the home.
Adjustable-Rate Activity Up As Applications For Mortgages Decline
With mortgage rates continuing to tick up and the current 30-year rate hovering around 4.6 percent, mortgage applications to purchase property in the U.S. were down 10 percent on a year-over-year basis last week while the share of adjustable-rate mortgage activity has increased to 8.1 percent, the highest level since July of 2008.
Alta Vista School Drafts Plans To Double In Size
The Alta Vista School moved from 3,500 square feet of start-up space in 2012 to a one-acre Portola campus at 450 Somerset Street with a three-story school building of 23,000 square feet, a two-car garage, and a paved play yard which doubles as parking for the adjacent church.
With a current enrolment of around 160 students, the school has drafted plans to raze the garage along Wayland and construct a second three-story building of 21,000 square feet on the site with classrooms, administrative space, and a landscaped green roof with open space for the students. The paved play yard would be reconfigured with play/sports areas, a garden and new landscaping. A parking pad for six cars would be provided at the rear of the site.
With the proposed addition, the Alta Vista School would be able to accommodate an enrolment of up to 420 students.
December 10, 2013
An Elegant Three-Bedroom Nob Hill Condo For $550 A Square Foot
Listed for $1,449,000 two months ago, the asking price for the three-bedroom Nob Hill condo #106 at 850 Powell Street (a.k.a. The Francesca) has recently been reduced to $1,349,000.
With a box beam ceiling in the dining room, a wood burning fireplace in the living room and a remodeled kitchen, the elegant 2,461 square foot unit is now priced at $548 per square foot.
(Continue reading: "An Elegant Three-Bedroom Nob Hill Condo For $550 A Square Foot")
Due Date And Decision For Mid-Crissy Field Plans Pushed Back
While revised proposals for redeveloping the Presidio’s former Commissary and current Sports Basement site across from Crissy Field were originally due on January 3, the deadline has been pushed back by two weeks to January 17, 2014.
The date for the Presidio Trust’s public Board Meeting to discuss the revised proposals remains unscheduled and the reference to the Trust Board indicating a direction for the Mid-Crissy Field site in January has just been removed from the Presidio Trust’s timeline.
San Francisco's America's Cup Accounting And Projected Deficit
Preliminary accounting for the 34th America's Cup in San Francisco pegs the economic impact of the event at $364 million versus original projections of $1.4 billion, with roughly 700,000 spectators versus a projected 2.7 million, and a deficit of at least $5.5 million to be covered by the City.
If the construction of San Francisco’s new cruise ship terminal at Pier 27 is included in the numbers, the total economic impact is closer to $550 million with 3,800 jobs created including 900 jobs related to the terminal work. While construction of the terminal was fast-tracked because of the America's Cup, its development was planned and approved prior to the event.