February 15, 2008

A Reader Asks, We Respond, You Embellish (Hopefully): 1299 Bush

1299 Bush: Site

A Reader wonders if we know what’s being built at the corner of Bush and Larkin, and we do (at least at a high level). What is now an open pit was once was a two-story commercial building (1299 Bush Street). And as far a we know, it will soon become an eight-story mixed-use building with 26 "dwelling units" over ground floor retail and 20 parking spaces.

What we don’t know is if said “dwelling units” will be apartments or condos. And we haven’t seen any designs. Tipsters?

First Published: February 15, 2008 6:35 AM

Comments from "Plugged In" Readers

As noted in some previous Socketsite discussions, virtually all the multi-unit residential developments in the city (save for the pre-planned areas like Mission Bay) are built to condo specs with a condo map filed. The profits from selling units have traditionally been so much higher than keeping it as a rental investment that very few new residential developments are rented. Sometimes a developer will keep a property as rentals more for their own personal tax situation where they have some big profits being generated on another development and want to push some profits from a development into another year, so they'll rent them short term or hold them as part of their personal investment strategy. Also, if the sale market deteriorates significantly during construction in what the developer thinks is a short term blip, they may rent them until they think the sale market will come back. For the most part however, you can assume that they will be condos and that they will be sold upon completion.

Posted by: Miles at February 15, 2008 9:49 AM

There are a lot of these odd lots around the city. What about the northwestern corner of Pine and Kearny...anyone know why that one's vacant? There's also that weird strip of land between Pine and Bush, Kearny and Montgomery, parallel to Belden Way. What's going on there? Both of these are prime FiDi locations.

Posted by: Dude at February 15, 2008 10:58 AM

If you are ever wondering about any vacant lot that you beleive is being cleared for a new building you can always go to sfgov.org, select the building department, there you can put in the address and see if there are any plans that are in process or have been issued. BTW they have approved plans for a 8 story building for 26 residential units and commercial space

Posted by: ruby smith at February 15, 2008 11:45 AM

my post was serious. why deleted?

Posted by: spencer at February 15, 2008 11:46 AM

I'm a little hesitant of this corner, it is populated by prostitutes and other related folk from dusk until dawn.

Posted by: Lori at February 15, 2008 2:59 PM

I think this is the URL Ruby Smith was referring to:

http://services.sfgov.org/dbipts/default.aspx?page=AddressQuery

But... what if you don't know the address? That is, if there's nothing there but a hole...
Does anyone know how/where to find lot or block numbers?

Posted by: gmlight at February 15, 2008 4:50 PM

You can look up block & lot numbers here- http://209.77.149.9/subdivision/dpwweb/
Select "Key Maps" and search by street.

You can also find them on propertyshark.com

Posted by: Elizabeth at February 18, 2008 11:10 PM

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