While plans for a skinny 495-foot-tall tower with up to 334 condos, or 72 condos over a 273-room hotel, “depending upon market conditions,” were approved to rise on the downtown parking lot parcel at 524 Howard Street back in 2016, the ground has yet to be broken.
And as we first reported earlier this year, with the entitlement to continue operating the technically temporary parking lot, which has already been extended three times, having just expired, its operators are now seeking another two-year extension.
According to the latest request, the reason for the new extension “is that the developer of a new high rise on the lot,” Crescent Heights, “has not received a building permit for the project yet,” which makes perfect sense seeing as how it doesn’t appear as though Crescent Heights has yet to commence the permitting process despite the aforementioned project approval.
Keep in mind that Crescent Heights’ entitlement to break ground for the approved 495-foot-tall tower isn’t slated to expire until in the fourth quarter of 2019, an entitlement which could be extended as well. And as we first reported last week, the target opening date for the adjacent Transbay/Salesforce Transit Center and Park, to which the skinny tower has been designed to connect, has been unofficially slated for August 12, 2018.