Behind CPMC’s Construction Fence On Cathedral Hill

Behind CPMC’s Construction Fence On Cathedral Hill

The old Jack Tar Hotel is history.  The excavators have been working overtime.  And behind the fences on Cathedral Hill, the piles to shore up the site for CPMC’s Cathedral Hill Hospital project are being driven into the ground. Read More »

Grand Jury: Gloomy Outlook For Affordable Housing In SF, Unless…

Grand Jury: Gloomy Outlook For Affordable Housing In SF, Unless…

In order to meet the Mayor’s goal of creating 30,000 new and rehabilitated homes in San Francisco by 2020, developers will need to deliver an average of 5,000 units of housing per year for the next six years, an average that is greater than any single year’s maximum to date. In addition, in order to Read More »

Plans For Twelve-Story Tenderloin Development Move Ahead

Plans For Twelve-Story Tenderloin Development Move Ahead

While SB Architects appears to have replaced Heller Manus as the architects of record, the plans for a 12-story building with a mix of market-rate residential units over ground floor retail to rise on either side of the Metropolis Hotel on the corner of Mason and Turk in the Tenderloin are moving ahead. Currently the Read More »

Mortgage Rates Holding, Remain Lower Year-Over-Year

The average rate for a conforming 30-year mortgage ticked up to 4.15 percent over the past week and remains 43 basis points below the three-year high rate of 4.58 percent recorded this past August, 36 basis points lower than at the same time last year when rates spiked following comments from the Fed. The 30-year fixed mortgage Read More »

Modern Cow Hollow Home On The Market For $10.5M

Modern Cow Hollow Home On The Market For $10.5M

Gutted and remodeled by Sheinholtz Associates in the 1990’s and then rebuilt in concrete, steel, aluminum and glass by Stanley Saitowitz/Natoma Architects in 2006, the modern Cow Hollow home at 2555 Union Street was purchased for $7,950,000 in November of 2012 having been listed for $9,250,000 the year before. Measuring roughly 6,000 square feet across Read More »

Francisco Reservoir Transfer Tentatively Approved

Francisco Reservoir Transfer Tentatively Approved

The San Francisco Public Utilities Commission has approved a transfer of the long-shuttered Francisco Reservoir on Russian Hill to the City’s Recreation and Park Department. If San Francisco’s Board of Supervisors and Mayor Ed Lee agree, the city will pay $9.9 million over twelve years for the prime 4-acre parcel between Hyde and Larkin.  Neighbors Read More »

A Peek Inside 222 Second Street’s Public Space And Art

A Peek Inside 222 Second Street’s Public Space And Art

Already fully pre-leased to LinkedIn, Tishman Speyer’s 450,000-square-foot building rising on the southwest corner of Second and Howard will reach 26 stories in height and should be ready for occupancy in 2017. Designed by Thomas Phifer and Partners and Gensler, the glass-shingled façade of 222 Second Street will be punctuated by 22-foot high portals opening Read More »

Legislation To Block Pinterest Move Advances To Board

Legislation To Block Pinterest Move Advances To Board

Despite an offer by the owners of the San Francisco Design Center to cover up to $3 million in relocation costs for tenants which would be displaced by the conversion of the Center to general office use and leasing of much of the building to Pinterest, and Pinterest’s offer to pay displaced tenants’ first and Read More »

Ballot Initiative To Restrict Airbnb Activity Withdrawn

The backers of a ballot initiative to restrict Airbnb’s operations in San Francisco have withdrawn their proposed measure despite having claimed to have gathered over six thousand more signatures than necessary to qualify their measure for this November’s ballot. The proposal’s backers “will instead work through the legislative process,” according to the Chronicle, and will likely Read More »

International Buyer Trends And Interest In San Francisco

International Buyer Trends And Interest In San Francisco

The total sales volume of U.S. real estate to international buyers increased to $92.2 billion over the past year, up an estimated 35 percent and representing roughly 7 percent of the total existing home sales market.  Florida remains the destination of choice, claiming a 23 percent share of all foreign purchases. California comes in second Read More »

Signatures For Three Ballot Measures Submitted For Verification

Signatures in support of three proposed ballot measures have been submitted to San Francisco’s Department of Elections for verification. Assuming at least 9,702 valid signatures per measure, the proposed ordinances which would block the renovation of the Beach Chalet Athletic Fields in Golden Gate Park and approve the up-zoning of Pier 70 for redevelopment will Read More »

$645K Less For The Living Preferences Of Today

$645K Less For The Living Preferences Of Today

Purchased for $3.3 million in 2011 having already been renovated with “xqzt archi” details and a new marble kitchen, the Pacific/Presidio Heights home at 68 Presidio Avenue was expanded and rebuilt to conform to the “aesthetic and living preferences of today” and re-listed for $8,995,000 at the end of May. The new floor plan includes Read More »

Port’s Plan For Pier 29: Themed Retail/Restaurant Marketplace

Port’s Plan For Pier 29: Themed Retail/Restaurant Marketplace

With San Francisco no longer in the running to host the 35th America’s Cup, the Port is preparing to issue a request for proposals to redevelop San Francisco’s Pier 29.  The Port’s vision for the pier: “A San Francisco Bay Area themed marketplace that brings together a collection of successful San Francisco retailers/restaurateurs.” One possibility Read More »

Designs For Six-Story “Student-Oriented” Development In Berkeley

Designs For Six-Story “Student-Oriented” Development In Berkeley

Panoramic Interests is pushing forward with the proposed development of a 6-story “student-oriented” rental building to rise on Telegraph Avenue in Berkeley. As designed by Lowney Architecture, the 2539 Telegraph Avenue project includes 65 residential units with room(s) for up to 145 residents over 6,000 square feet of ground-floor commercial space fronting Telegraph and an Read More »

Mid-Market Fireworks: Rendering Flash And Rocketing Rents

Mid-Market Fireworks: Rendering Flash And Rocketing Rents

Shorenstein is pushing forward with the development of 1066 Market Street, a proposed 300-unit building designed by Arquitectonica to rise a narrow twelve stories along Market Street with the bulk of the building a floor or two higher along Jones and Golden Gate Avenue (as rendered above). The proposed development includes parking for roughly 100 Read More »