Articles Recently Tagged: Below Market Rate (BMR)

(121 posts)
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 »

New Timing for Twisty Transbay Tower

New Timing for Twisty Transbay Tower

While the Transbay District site for the twisty 400-foot-tall “Bay Tower” designed by Jeanne Gang to rise at 160 Folsom Street, on the northwest corner of Folsom and Spear, has been cleared and building permits issued, permits to start preparing the site for construction (excavation, shoring and pile driving)... Read More »

Sale of Mid-Market Tower Site Tentatively Approved

Sale of Mid-Market Tower Site Tentatively Approved

Rejected by San Francisco’s Board of Supervisors at the end of 2015, when the proposed purchase price was $80 million, the term sheet for the sale of the City’s five-story building at 30 Van Ness Avenue, a building which sits upon a prominent parcel which is currently zoned for... Read More »

Hill Dwellers Seek ‘Right-Sizing’ of Affordable Development Below

Hill Dwellers Seek ‘Right-Sizing’ of Affordable Development Below

With the designs for the proposed development of 184 affordable apartments to rise up to six stories in height across the half-block-plus parking lot parcel at 88 Broadway having been refined and newly rendered, the Telegraph Hill Dwellers (THD) are seeking to have the development “right-sized.” And to be... Read More »

Planning for Record-Setting Inner Sunset Project Moving Forward

Planning for Record-Setting Inner Sunset Project Moving Forward

Westlake Urban, which purchased the 86-unit Kirkham Heights apartment complex at 1530-1585 5th Avenue back in 1976, is pushing forward with plans to level the existing 11-building complex and build up to 445 units across the 6-acre site, with six new buildings rising up to 40 feet in slope-measured... Read More »