Articles Filed Under: New Developments

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Target Opening Day for the Salesforce / Transbay Transit Center Set

Target Opening Day for the Salesforce / Transbay Transit Center Set

With little slippage in the expected completion date for San Francisco’s Transbay/Salesforce Transit Center over the past month, the target opening date for the new center and its 5.4-acre rooftop park has been unofficially set for August 12, 2018. Keep in mind that the opening date assumes no major... Read More »

Pending Home Sales Inch up in the U.S., Drop in the West

Pending Home Sales Inch up in the U.S., Drop in the West

Having dropped to a 39-month low at the beginning of the year, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up 0.4 percent from a downwardly revised 107.2 in February to 107.6 in March, driven by activity in... Read More »

New Condo Sales Tick up in SF on the Heels of a Price Drop

New Condo Sales Tick up in SF on the Heels of a Price Drop

Having taken a hit in February, the Mark Company’s pricing index for new condos in San Francisco inched up 0.5 percent in March but is still running 8.8 percent lower on a year-over-year basis and 16.1 percent below its peak in the third quarter of 2015. At the same... Read More »

The Latest Inventory of SF’s Housing Stock and Actual Development

The Latest Inventory of SF’s Housing Stock and Actual Development

Including finished new construction projects and conversions, 4,441 net-new units of housing were added to San Francisco’s stock of housing last year, down 12 percent from 5,046 in 2016 but nearly double the 20-year average of 2,295, figures which are slated to be presented to San Francisco’s Planning Commission... Read More »

Delivery of New Development Driving the Office Market in SF

Delivery of New Development Driving the Office Market in SF

The average asking rent for office space in San Francisco inched up 0.5 percent in the first quarter of 2018 to an all-time high of $71.40 per square foot per year, which is 2.5 percent above the mark at the same time last year. And the net absorption of... Read More »

Frustration Mounts as Timing for New Transit Center Slips Again

Frustration Mounts as Timing for New Transit Center Slips Again

As we reported last month: While the 5.4-acre rooftop park atop San Francisco’s future Transbay/Salesforce Transit Center is on track to be fully planted, landscaped and construction complete in June, the timing to complete the $2.3 billion building below has slipped anew. Originally expected to be substantially complete at... Read More »

More Dorms for Developers in Western SoMa as Proposed

More Dorms for Developers in Western SoMa as Proposed

With 200 mini apartments rising on the 333 12th Street parcel to the left, and the ground having been broken for 136 units to rise on the 1532 Harrison Street parcel, on the other side of the 1907-era duplex, to the right, plans to infill the Western SoMa parking... Read More »

New Condo Sales and Pricing Dip in San Francisco

New Condo Sales and Pricing Dip in San Francisco

While the sales figures for new condos in San Francisco at the beginning of this year received a boost from the official opening of the sales office for the 42-unit development at 1188 Valencia Street (a.k.a. 1198 Valencia) at the end of last year, with only six unit left... Read More »

Record Pipeline of Projects in SF but Actual Building Slows Down

Record Pipeline of Projects in SF but Actual Building Slows Down

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that finished up construction in the fourth quarter of last year, the overall pipeline of apartments and condos under development in San Francisco has increased by 1,950 to... Read More »

Plans to Triple the Height of Pinterest’s Brand New Building

Plans to Triple the Height of Pinterest’s Brand New Building

As we wrote about the recently completed six-story office building at 505 Brannan Street, which is now home to Pinterest, prior to it breaking ground in 2016: “Speaking of development along San Francisco’s emergent Fourth Street Transit spine, while the City’s Central SoMa Plan envisions up-zoning the southwest corner... Read More »