Articles Recently Tagged: Below Market Rate (BMR)

(100 posts)
Designs for Contentious Affordable Development Have Been Drawn

Designs for Contentious Affordable Development Have Been Drawn

The designs for a contentious six-story development of affordable apartments to rise on the half-block parking lot parcel at 88 Broadway, at the base of Telegraph Hill, have been drafted by Leddy Maytum Stacy Architects. Identified by the Port of San Francisco as “the greatest affordable housing development opportunity... Read More »

Affordable Mission Bay Development about to Break Ground

Affordable Mission Bay Development about to Break Ground

The ground lease and construction loan agreement for the the mixed-use development to rise at 1300 Fourth Street (a.k.a. Mission Bay Block 6 East), with 142 affordable apartments and a managers unit over up to seven ground-floor commercial spaces fronting the Fourth Street corridor, are about to be signed... Read More »

Designs and Timing for 157-Unit Mission Development Take Two

Designs and Timing for 157-Unit Mission Development Take Two

The design for Lennar’s proposed 157-unit Mission District development to rise up to six stories in height at 1515 South Van Ness Avenue, replacing the shuttered McMillan Electric Company building on the site, has adopted a more traditional versus modern look. As designed by BDE Architecture, the proposed development... Read More »

An Affordable Yerba Buena Loft (That’s Currently Bank-Owned)

An Affordable Yerba Buena Loft (That’s Currently Bank-Owned)

Designated as one of the development’s required affordable units, the 722-square-foot unit #502 at Yerba Buena Lofts (855 Folsom Street) was purchased as new for a below market rate (BMR) price of $306,500 of 2003. In 2009, the Yerba Buena Lofts Homeowner’s Association filed a lien on unit #502... Read More »

New Timing and Details for That Twisty 400-Foot Tower Project

New Timing and Details for That Twisty 400-Foot Tower Project

The Disposition and Development Agreement for Transbay Block 1, upon which Tishman Speyer is planning to build a twisty 400-foot-tall tower designed by Jeanne Gang at the corner of Folsom and Spear, is slated to be conditionally approved by the City’s Office of Community Investment and Infrastructure Commissioners this... Read More »

Seven-Story Mission District Development Slated for Approval

Seven-Story Mission District Development Slated for Approval

With an exemption from having to complete a lengthy environmental review in hand, and the paperwork for a permit to demolish the two auto shops on the southeast corner of 16th and Florida Streets having been filed, the refined plans for a modern seven-story building to rise on the... Read More »

Land for More BMR Units, But Later and Deeper in the Tenderloin

Land for More BMR Units, But Later and Deeper in the Tenderloin

Rather than including 36 below market rate (BMR) units within the walls of its 304-unit development to rise at 1066 Market Street, or paying a $17.7 million in lieu of fee, Shorenstein Properties is now seeking permission to buy and dedicate the former Post Office property at 101 Hyde... Read More »

Affordable Housing Proposition C Passes in San Francisco

Proposition C, which will initially double the required percentage of below market rate (BMR) units for newly proposed developments in San Francisco with 25 units or more, has passed with 67 percent of voters supporting the measure. The Proposition will require developers of proposed projects that haven’t yet completed... Read More »

Supervisor Aims to Further Incent Development of Student Housing

In order to promote the development of Student Housing in San Francisco, the City’s Planning Code provides a big incentive for developers to build for educational institutions. While new developments with ten or more residential units are currently required to provide 12 percent of the units at below market... Read More »

State Legislation Could Streamline Development in San Francisco

Governor Brown’s proposed Streamlining Affordable Housing Approvals bill could potentially fast track the approval and permitting process for tens of thousands of units in San Francisco’s housing pipeline, allowing code compliant projects with up to ninety-five (95) percent market-rate units to be developed “as of right” and prohibiting the... Read More »