Articles Recently Tagged: Below Market Rate (BMR)

(58 posts)
Refined Designs And Timing For Development Fronting Fourth

Refined Designs And Timing For Development Fronting Fourth

The designs for 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, have been refined and newly rendered. As designed by Mithun Solomon... Read More »

Purchase Of Land To Build $889K Affordable Apartments Approved

Purchase Of Land To Build $889K Affordable Apartments Approved

San Francisco’s Board of Supervisors has unanimously approved the City’s $18.5 million purchase of the corner parcel at 490 South Van Ness Avenue and 16th Street in the Mission, a site which is approved for the development of a 72-unit building. The City intends to build permanently affordable apartments... Read More »

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

According to a Project Manager at the Mayor’s Office of Housing, the total project cost for the 72-unit building which the City is planning to develop at 490 South Van Ness Avenue and 16th Street in the Mission has been estimated at $64 million or roughly $888,889 per unit.... Read More »

30 Van Ness Sale Authorized, 600 Units Expected To Rise

30 Van Ness Sale Authorized, 600 Units Expected To Rise

Speaking of underutilized city property, the sale of the five-story building at 30 Van Ness Avenue which sits on a Mid-Market parcel zoned for development up to 400 feet in height has been authorized by San Francisco’s Board of Supervisors with a price of no less than $87 million.... Read More »

City Preparing RFP For Contentious Affordable Development

City Preparing RFP For Contentious Affordable Development

Identified by the Port of San Francisco as “the greatest affordable housing development opportunity among the Port’s seawall lots in the northeastern waterfront,” the Mayor’s Office of Housing has been working on plans for 115 units of affordable housing to rise up to 65-feet in height on Seawall Lot... Read More »

Signatures For Mission District Housing Moratorium Delivered

The sponsors of the proposed ballot measure which would impose a Mission District Housing Moratorium have delivered 15,101 signatures in support of the initiative to San Francisco’s Department of Elections.  And if at least 9,700 of the signatures are valid, the measure will qualify for this November’s ballot. If adopted... Read More »

San Francisco Missed Its Affordable Housing Target By A Mile

San Francisco Missed Its Affordable Housing Target By A Mile

In order to meet the long-ago forecast of increased demand for housing in the city and around the Bay Area, San Francisco was given a goal of building a minimum of 31,193 housing units between 2007 and 2014, its Regional Housing Needs Allocation (RHNA).  And while developers delivered over 108... Read More »

From An L.A. Pool House To Mid-Market Art

From An L.A. Pool House To Mid-Market Art

Originally conceived and drawn on a pool house in Los Angeles thirteen years ago, Wall Drawing #1012 by artist Sol Lewitt will be adapted and installed at the corner of 10th and Jessie Streets to fulfill the 1% for Public Art requirement for the new fifteen-story building at 1400... Read More »

Team Preparing To Break Ground For 400-Foot Transbay Tower

Team Preparing To Break Ground For 400-Foot Transbay Tower

Essex Property Trust and TMG Partners are preparing to break ground earlier than expected for the 400-foot tower to rise at the corner of Folsom and First on Transbay Block 9. As we first reported last year, while the winning proposal for the Block 9 development had included 563... Read More »

Giants Agree To 40% Affordable Housing For Mission Rock

Giants Agree To 40% Affordable Housing For Mission Rock

The San Francisco Giants have agreed to increase the share of ‘affordable housing’ to be included within their proposed 28-acre Mission Rock development to an unprecedented 40 percent in exchange for Supervisor Jane Kim withdrawing her proposed ballot measure which would have limited building heights on the waterfront site... Read More »

Affordable Housing Law(s) In California Upheld As Constitutional

The legal challenge of San Jose’s affordable housing law which was passed five years ago but blocked by the building industry in a lawsuit contending that the ordinance was an unconstitutional ‘taking’ of private property has been unanimously rejected California’s Supreme Court. Similar to San Francisco’s Inclusionary Housing ordinance,... Read More »

Group Housing ‘Loopholes’ Could Soon Be Closed

Many of the recently proposed Group Housing developments in San Francisco, with shared kitchens and living areas, have been positioned as creative solutions to maximize density and minimize rents in response to the City’s current housing crisis. But with the addition of “kitchenettes,” which aren’t technically kitchens, a number... Read More »

Church Conversion Could Spark A Few New Flames

Church Conversion Could Spark A Few New Flames

Two years ago, a fire damaged the home which shares the lot with the former Iglesia del Pacto Evangelico church at 856 Capp Street, between 23rd and 24th in the Mission. And in a move which could spark a few new flames, a proposal to convert the church into... Read More »

Modern Mid-Market Development Aiming For 2017 Opening

Modern Mid-Market Development Aiming For 2017 Opening

Trumark Urban’s proposed 12-story building to rise at 1554 Market Street, between Franklin and Van Ness, with 109 condos over three ground-floor retail spaces and an underground garage for 28 cars, is slated to be approved by San Francisco’s Planning Commission at the end of the month (June 25).... Read More »

Ballot Measure Could Yield 30-Month Housing Moratorium

Ballot Measure Could Yield 30-Month Housing Moratorium

While the legislative push for a market-rate housing moratorium failed, the official summary for the proposed ballot measure to impose a Mission District Housing Moratorium has been filed with San Francisco’s Department of Elections. The proposed measure would impose an 18-month moratorium on the issuance of any building permits for... Read More »