Plans to build a 200-foot, twenty-one story building with 51 dwelling units at 325 Fremont were first approved over a decade ago, plans which were revised in 2004 to yield 70 units but which never broke ground.
In 2005, a new plan for Rincon Hill was certified and the Fremont Street site between Folsom and Harrison was up-zoned from 200 to to 250 feet in height. And in early 2012, Crescent Heights purchased the 325 Fremont Street site for $4.85 million.
While many industry folks had expected Crescent Heights to move forward with the 200-foot project as entitled, as we first reported that October, Crescent Heights subsequently submitted new plans for a twenty-five story tower to rise.
San Francisco’s Planning Commission is slated to approve Crescent’s plan to construct a 250-foot tower with 118 units and an underground garage for 41 cars and 106 bikes on the Rincon Hill site in two weeks*, a site which has already been cleared for construction.
As rendered above, 333 Fremont is now reality while construction is underway for the 400-foot tower to rise at 399 Fremont Street and they’re preparing the site for the 400-foot tower to rise at 340 Fremont.
*UPDATE: While originally published with a meeting date of June 26, San Francisco’s Planning Department has changed the notice to reflect their public hearing for the project on July 10.