The Transbay District block bounded by Howard, Beale, Folsom and Main – which is currently the site of San Francisco’s Temporary Transbay Terminal – will be divided into three upon the opening of San Francisco’s new Transbay Transit Center.
The middle third of the site (Transbay Block 3) will become Transbay Park, the construction of which is slated to commence in early 2018.
A 165-foot-tall building is slated to rise on the southern third of the site (Transbay Block 2), fronting Folsom between Beale and Main, with a total of 242 below market rate (BMR) units, which shouldn’t catch any plugged-in readers by surprise.
And on the northern third of the site fronting Howard (Transbay Block 4), a 450-foot-tall building is expected to rise.
Packaged together with the sale of Transbay Parcel F, the latest plans for which we revealed last week, F4 Transbay Partners is expected to propose building over 550 residential units and 10,000 square feet of retail space on the Block 4 site.
And in order to allow the 175 condos atop the proposed Parcel F tower at 550 Howard Street to be 100 percent market rate, F4 Partners is expected to propose that over 300 of the 550 units to rise on Block 4 will be designated as permanently affordable units (i.e., offered at below market rates).