Articles Filed Under: Industry Stuff

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331-Unit ‘Monster In The Mission’ Embroiled In New Legal Battle

331-Unit ‘Monster In The Mission’ Embroiled In New Legal Battle

Maximus Real Estate Partners, the development team which has already invested an estimated $8 million to design and entitle the proposed development of 331 residential units at 1979 Mission Street, the so-called “Monster in the Mission,” has now filed suit against the family which still owns all the land... Read More »

Bank Will No Longer Knowingly Finance Ellis Actors

Facing protests over their role in providing “displacement mortgages” to those who buy tenant-occupied buildings and then invoke the Ellis Act in order to flip the property or occupy it themselves sans tenants, First Republic Bank will now ask mortgage applicants if they intend to repurpose their target property... Read More »

Five Teams Qualified To Bid For 750-Foot Transbay Tower Site

Five Teams Qualified To Bid For 750-Foot Transbay Tower Site

Five teams have been pre-qualified to bid a minimum of $160 million for Transbay Parcel F which is located mid-block between First, Second, Howard and Natoma Streets and zoned for the development of a tower up to 750-feet in height. Sealed written bids from the teams are due on... Read More »

The Budget And Renderings For 120 Affordable Transbay Units

The Budget And Renderings For 120 Affordable Transbay Units

With the cost of lumber spiking, the proposed structural design for the below market rate (BMR) building to rise on Transbay Block 7 – stretching from Fremont to Beale along Clementina, behind Golub’s 32-story tower dubbed “Solaire” rising at Fremont and Folsom on Transbay Block 6 – was changed from primarily wood... Read More »

Rincon Hill Tower Redesigned With Five More Floors

Rincon Hill Tower Redesigned With Five More Floors

Adopted back in 2005, the Rincon Hill Plan requires a minimum distance of 115 feet between new residential towers at their closest point.  And the plan specifies that no exemptions may be made. As such, in order to clear the way for the proposed tower to rise at 525... Read More »

Headed To The Courthouse Steps For $219K

Headed To The Courthouse Steps For $219K

The dilapidated single-family home at 1408 19th Avenue has seen better days, with front steps that have been in a state of disrepair since at least 2002. In and out of default since 2010, a foreclosure auction is scheduled for the 1,812-square-foot home tomorrow morning, August 11, with $218,745.92... Read More »

El Amigo’s Building And 14 SRO Units In Contract To Be Sold

El Amigo’s Building And 14 SRO Units In Contract To Be Sold

The three-story building on the southeast corner of Mission and Virginia, which is currently home to the El Amigo Bar and Restaurant with 14 residential hotel rooms (a.k.a. SRO units) and a penthouse office above, and was the original home of Emmy’s Spaghetti Shack, is in contract to be... Read More »

Judge Rules In Epic Battle Over Prominent Market And Castro Site

Judge Rules In Epic Battle Over Prominent Market And Castro Site

Approved for the development of a six-story building back in 2013, with 24 residential units over ground floor retail and a 14-car garage to rise, the prominent gas station site on the northwest corner of Castro and Market has been locked in an epic legal battle ever since. And after two years... Read More »

The Trinity Place Twenty-Three

As we first reported yesterday, San Francisco’s City Attorney is investigating an illegal short-term rental scheme in which 23 apartments in the first two phases of Trinity Place, including 16 units under permanent rent control in the 1188 Mission Street building, were all rented to the same person who... Read More »

Trinity Place At Center Of Short-Term Rental Scheme

Trinity Place At Center Of Short-Term Rental Scheme

According to the City Attorney’s Office, at least 16 rent-controlled apartments at 1188 Mission Street (a.k.a. Trinity Place), units which were built as replacement apartments for residents displaced when the old Trinity Plaza (a.k.a the Del Webb Townhouse motel on Market) was razed, and another seven apartments at 1190... Read More »