Articles Recently Tagged: Below Market Rate (BMR)

(95 posts)
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 »

The SoMa Development a Ballot Initiative Aims to Block

The SoMa Development a Ballot Initiative Aims to Block

As we first reported last week, the paperwork for a ballot measure entitled the “Don’t Demolish Recreation in San Francisco Initiative” has been filed with the City.  And while the initiative doesn’t specifically name the proposed redevelopment of the San Francisco Tennis Club site at 645 5th Street as... Read More »

Mission District Development Reimagined: Beauty or Beast?

Mission District Development Reimagined: Beauty or Beast?

Facing pushback from the neighborhood and powers that be, developer Nick Podell and team circled back to the drawing board and returned with a “completely reimagined” proposal for the development of 2000-2070 Bryant Street, a project which could rise across the majority of the Mission District block bounded by... Read More »

Contentious Affordable Housing Site Awarded to Developers

Contentious Affordable Housing Site Awarded to Developers

Identified by the Port of San Francisco as “the greatest affordable housing development opportunity among the Port’s seawall lots in the northeastern waterfront,” but having faced neighborhood pushback over just how affordable the development should be, the City has awarded the development rights for the half-block parcel on the... Read More »

A Two-Bedroom Mission Condo Couldn’t Fetch its Below Market Rate

A Two-Bedroom Mission Condo Couldn’t Fetch its Below Market Rate

Nine months ago the Below Market Rate (BMR) deeded two-bedroom condo #403 at 1587 15th Street, “located right in the heart of the vibrant Mission/Valencia corridor” above the former 4505/Belcampo Butcher Shop and featuring “a fantastic open concept floor plan with hardwood floors, a gourmet kitchen and its own... Read More »