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 »

50 Percent over Asking in Presidio Heights! By Design

50 Percent over Asking in Presidio Heights! By Design

The sale of the rather pristine Mid-Century Modern infill pad at 3610 Washington Street, which was designed by William Wurster and built on the site of an adjacent home’s former tennis court in 1959, has closed escrow with a reported contract price of $11,300,001; exactly $2,000 per square foot.... Read More »

New Plans for a Prized Potrero Hill Hardware Store and Site

New Plans for a Prized Potrero Hill Hardware Store and Site

For the past 30 years, Center Hardware has been located in the warehouse building at 249 Pennsylvania/999 Mariposa, sitting on a parcel which abuts I-280 to the east and Pennsylvania Garden to the south at the base of Potrero Hill. Center Hardware’s lease is about to expire. And as... Read More »

Employment in San Francisco Stalls, Slips in the East Bay

Employment in San Francisco Stalls, Slips in the East Bay

While the unemployment rate in San Francisco has dropped to 3.1 percent, the lowest unemployment rate since the end of the dot-com boom, the drop from 3.3 percent in March was driven by 900 people leaving the labor force versus the 100 jobs that were added. In fact, the... Read More »

Pace of Existing U.S. Home Sales Ticks up but Slipped in the West

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.7 percent in April to an annual rate of 5.45 million sales, which is 6.0 percent higher on a year-over-year basis. But in the West, the pace slipped 1.7 percent to an annual rate of 1.15 million... Read More »

$8M Price Cut for a New Silicon Valley Villa

$8M Price Cut for a New Silicon Valley Villa

Newly built on a 1.5-acre Atherton lot which was purchased for $7.25 million in 2013, the 16,500-square-foot “contemporary Italian villa” at 47 Camino por los Arboles, which was “designed with Silicon Valley living in mind,” was listed for $42.8 million in March. And yesterday, the asking price was reduced... Read More »

Two New Mission Bay Parks Now Slated for End of Summer Openings

Two New Mission Bay Parks Now Slated for End of Summer Openings

While originally scheduled to open in May and June respectively, Mission Bay’s new one-acre Children’s Park at the intersection of Long Bridge and China Basin Streets and the 2.4-acre Mariposa Park at the corner of Mariposa and Owens, on the southern most portion of Mission Bay between Interstate 280... Read More »

Asking $22 Million for a Stately Pacific Heights Compound

Asking $22 Million for a Stately Pacific Heights Compound

Purchased as a legal three-unit building, which had long been used as a single-family home, for $7.3 million in early 2014, an application to merge two of the three units was approved, the building was gutted, and “2476 Broadway” has just returned to the market as a contemporary 9,340-square-foot... Read More »

Boosters’ Appeal of Potrero Development Denied

Boosters’ Appeal of Potrero Development Denied

The Potrero Boosters Neighborhood Association has lost its appeal of Martin Building Company’s approved development of 127 apartments and a Del Popolo pizzeria at 88 Arkansas and 17th Street, across from Jackson Park in Lower Potrero Hill. Approved by San Francisco’s Planning Commission in a fast-tracked hearing earlier this... Read More »

More Density and Modern Design for Polk Gulch Project Proposed

More Density and Modern Design for Polk Gulch Project Proposed

As originally proposed in 2013, and approved the next year, the one-story City Rent-A-Car building at 1433 Bush Street, between Polk and Van Ness, was to be razed, and in its place a 10-story building dubbed “Casa D’Ambrosio,” with 32 condos, 26 residential parking spaces and a replacement ground... Read More »