Rejected Oakland Tower Take Two

Rejected Oakland Tower Take Two

As we first reported earlier this year, with Oakland’s Planning Commission having formally rejected the plans for a proposed 460-foot-tall, and seemingly split, tower to rise on the historic King Block in Downtown Oakland, a move which shouldn’t have caught any plugged-in readers by surprise, the project team has been... Read More »

Plans to Redevelop the Historic El Rey Theater Site Progress

Plans to Redevelop the Historic El Rey Theater Site Progress

Purchased out of foreclosure for $1.06 million in 2015 and since forcibly designated as an official San Francisco Landmark (No. 274), plans to redevelop the former El Rey Theater at 1970 Ocean Avenue have been newly refined, rendered and formally submitted to Planning for a preliminary review. As envisioned,... Read More »

Asking Rents in San Francisco and Oakland Inch Up

Asking Rents in San Francisco and Oakland Inch Up

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up to around $4,280 per month, which is roughly 1 percent above its mark at the same time last year but still 4 percent below its... Read More »

Big Plans for (Another) Former Armory Site Have Been Drawn

Big Plans for (Another) Former Armory Site Have Been Drawn

As we outlined last year: Built to serve as an armory for the National Guard around 1906, and on the market for $9.9 million , the asking price for the three-story parking garage at 819 Ellis Street is now down to an even $8 million. While since shuttered,... Read More »

Pace of Home Sales in San Francisco Continues to Drop

Having turned negative in mid-May, which led to an effective push in recorded home sales for the month, actual contract activity in San Francisco (versus anecdotal reports of “open house traffic”) has dropped over the past month and is currently running 10 percent lower versus the same time last... Read More »

Plans to Build Even Higher on an Up-Zoned SoMa Site

Plans to Build Even Higher on an Up-Zoned SoMa Site

As we first reported back in 2017, plans to raze the two-story Fast Signs Building on the northwest corner of Harrison and Hawthorne Streets and develop a 130-foot-tall residential building on the site, with 118 residential units over a garage for 26 cars, were in the works. While the... Read More »

Developer Seeks Concessions to Build Shorter Than Allowed

Developer Seeks Concessions to Build Shorter Than Allowed

Plans to level the two-story industrial building at 560 Brannan Street, adjacent to an already approved major development and across the street from the San Francisco Tennis Club site, are in the works. And while the parcel is zoned for development up to 130 feet in height along Brannan,... Read More »

The Next Major Development Slated for Approval in SF

The Next Major Development Slated for Approval in SF

Plans to level the 41-foot-tall San Francisco Tennis Club at 645 5th Street and build up to 243 feet in height upon its 2.6-acre Central SoMa site could be approved by San Francisco’s Planning Commission in two weeks time. In addition to over 840,000 square feet of new office... Read More »

Bay Area Home Sales and Median Price Are…Down

Bay Area Home Sales and Median Price Are…Down

Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 18.9 percent from April to May, total sales (8,310) were down 2.7 percent on a year-over-year basis. And... Read More »

Ambitious Potrero Hill Infill Project has Traded Hands

Ambitious Potrero Hill Infill Project has Traded Hands

As we outlined back in 2017: The 125-foot stretch of land between the Potrero Hill homes at 905 and 953 Kansas Street has never before been developed, perhaps because of the large rock outcropping which dominates the site. But said stretch is legally five developable parcels. And as newly... Read More »