Articles Recently Tagged: Below Market Rate (BMR)

(128 posts)
Still No Full-Service Grocery in Sight for Transbay Block 8

Still No Full-Service Grocery in Sight for Transbay Block 8

It’s now been over two years since Related California cut 99 residential units from their development plans for Transbay Block 8 and reduced the project’s proposed grocery store space from 22,000 to 12,500 square feet, a reduction that rendered the space too small for a large grocer like Whole... Read More »

The First of Brooklyn Basin’s Two Affordable Buildings

The First of Brooklyn Basin’s Two Affordable Buildings

With the first building of the massive Brooklyn Basin project – a 64-acre East Bay development which will yield up to 3,100 units of housing, 200,000 square feet of commercial/retail space and 30 acres of open space along Oakland’s waterfront – under construction and plans for the second building... Read More »

Agent Accused of Affordable Housing Fraud

Agent Accused of Affordable Housing Fraud

Back in 2008, a local real estate agent purchased a below market rate (BMR) one-bedroom condo on the eighth floor of the newly built SoMa Grand for $221,698. As part of the purchase agreement for the affordable unit, the agent signed an affidavit affirming that he would occupy unit... Read More »

Big Plans for Shuttered Lucky Penny Site Have Been Supersized

Big Plans for Shuttered Lucky Penny Site Have Been Supersized

As we first reported a few months ago, while the shuttered Lucky Penny site at 2670 Geary Boulevard is only zoned for moderate density and building up to 80 feet in height, the compliant plans for a seven-story building to rise on the site, with 21 apartments over three... Read More »

Development to Rise on Navigation Center Site Even Closer to Reality

Development to Rise on Navigation Center Site Even Closer to Reality

The proposed development of 157 below market rate apartments to rise up to nine stories in height at 1950 Mission Street, upon the former Phoenix Continuation High School site turned Navigation Center in the Mission, has been formally granted a streamlined environmental review. As such, the development could theoretically... Read More »

Plans for 520-Foot Tower at Van Ness and Market Have Been Drawn

Plans for 520-Foot Tower at Van Ness and Market Have Been Drawn

Lendlease Development has drafted their preliminary plans for a 520-foot-tall tower to rise at 30 Van Ness Avenue. And while previous plans for the Hub District parcel had envisioned razing the City’s existing five-story building on the site and starting from scratch, Lendlease is proposing to add two stories... Read More »

Dogpatch Development Positioning to Break Ground sans BMRs

Dogpatch Development Positioning to Break Ground sans BMRs

Entitled for development early last year, the building permits for the 109-unit project to rise up to seven stories in height at 2177 3rd Street have now been issued and secured, clearing the way for the Dogpatch development on the northeast corner of 3rd and 19th Streets to break... Read More »

San Francisco Files Suit Against Affordable Housing Scofflaws

San Francisco Files Suit Against Affordable Housing Scofflaws

Catherine Bailey bought a below market rate (BMR) condominium at 888 7th Street for $270,500 back in 2008. And at the time of her purchase, Bailey signed an affidavit acknowledging that she could not rent the unit “in part or whole without written approval from the Mayor’s Office of... Read More »

Opposition to 117-Unit Development in the Mission Paid Off

Opposition to 117-Unit Development in the Mission Paid Off

While approved for the development of 117 apartments last year, including 23 units which are to be provided at below market rates (BMRs), the 2675 Folsom Street project has been waylaid by appeals championed by Calle 24 Latino Cultural District and the Mission Economic Development Agency (MEDA). But with... Read More »

Positioning to Break Ground on Former Freeway Parcel T

Positioning to Break Ground on Former Freeway Parcel T

The building permit for the the modern building and beer hall to rise on the slender Central Freeway Parcel T, fronting Octavia Boulevard between Page and Rose in Hayes Valley, is in the works. Plans to raze the adjacent office building at 165 Page and incorporate its parcel into... Read More »