Yes, the proposed development to rise at Fourth and Harrison has been redesigned by HOK for Boston Properties, incorporating a more curvilinear approach which would rise up to a height of 185 feet and yield 765,600 square feet of office space; 34,500 square feet of “modern” Production, Distribution and Repair (PDR) space on the ground floor; 16,100 square feet of publicly accessible open space (POPOS); 4,000 square feet of retail; and a basement garage for a few hundred cars.
The aforementioned POPOS includes a mid-block paseo between Harrison and Perry.
And in an effort to pave the way for the project’s approval, the project team is positioning to dedicate 15,000 square feet of the project’s land on the eastern side of the paseo for the development of an affordable housing project.
And then there’s the much bigger story, namely the proposed Central SoMa Plan, the adoption of which is key to the proposed development of the 725 Harrison Street project and in the context of which the Harrison Street project plays but a bit part.
If approved as proposed, the adoption of the Central SoMa Plan would allow for the development of an additional 7,500 units of housing and enough office space for up to 45,000 additional workers in the area roughly bounded by Folsom, Second, Townsend and Sixth Streets, as massed at full build-out above.
And while San Francisco’s Proposition M currently limits the amount of office space allowed to be built in the city each year, a proposed ballot measure would allow qualifying office developments in Central SoMa to amortize their square-footage over a ten-year period versus counting towards the annual limit in the year when a project was approved.
In terms of timing, while the schedule for adoption has slipped, the ball is now rolling and San Francisco’s Planning Department is currently anticipating that the Central SoMa Plan should be ready for adoption by San Francisco’s Board of Supervisors in the Spring of 2018.
As always, we’ll keep you posted and plugged-in and best wishes for the New Year.