Articles Recently Tagged: Below Market Rate (BMR)

(125 posts)
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 »

Recommendation for Affordable Housing Requirements Revealed

Recommendation for Affordable Housing Requirements Revealed

With San Francisco Supervisors having drafted two competing proposals for overhauling the percentage and mix of below market rate (BMR or “affordable”) units that developers of market rate projects are required to provide on-site or fund elsewhere in the city, in response to the passage of Proposition C and... Read More »

A Below Market Rate Reduction to under $500 per Square Foot

A Below Market Rate Reduction to under $500 per Square Foot

Purchased as new for $330,000 in 2007, or roughly $409 per square foot, as part of San Francisco’s inclusionary (a.k.a. Below Market Rate or Affordable) housing program, the 807-square-foot, one-bedroom condo #4201 at Candlestick Cove returned to the market listed for $450,626 ($558 per square foot) six months ago,... Read More »

Big Plans for San Francisco’s Temporary Transbay Terminal Site

Big Plans for San Francisco’s Temporary Transbay Terminal Site

The Transbay District block bounded by Howard, Beale, Folsom and Main – which is currently the site of San Francisco’s Temporary Transbay Terminal – will be divided into three upon the opening of San Francisco’s new Transbay Transit Center. The middle third of the site (Transbay Block 3) will... Read More »