A proposed amendment to San Francisco’s Transbay Redevelopment Plan which would raise the height limit for Tishman Speyer’s proposed twisty tower to rise at Folsom and Spear – from 300 to 400 feet – is officially under review and working its way through Planning.
As we first reported last year, Tishman had been aiming to start construction for the Bay Tower development in February of 2016. And according to a plugged-in tipster, the development team is planning to start work as soon as approvals are secured.
But with opposition to a height increase having since organized, the timing for the development of Transbay Block 1 (a.k.a 100/160 Folsom Street) is now up in the air, or rather grounded.
An up-zoning for the site will require the approval of San Francisco’s Planning Commission and Board of Supervisors, the dynamics of which are about to change.