Bayhill Ventures has announced plans for a new skyscraper at 530 Howard Street, overlooking San Francisco’s Salesforce Park. Initial plans shared with media this morning suggest the tower would stand 840 feet tall, making it the third tallest structure in the city skyline if built today and the second tallest in the city’s pipeline. Bayhill Ventures is a relatively new firm led by the former chief at Hines, Paul Paradis, and former president of the Sobrato Organization, Rob Hollister.
The current application will rise 840 feet to create 672 for lease apartments. Unit sizes are expected to vary between one- to three-bedrooms. At least ten percent will be designated as affordable. Parking will be included for cars and bicycles, while residents will enjoy nearly 30,000 square feet of amenity space.
In a statement shared with YIMBY, Bayhill CEO Paul Paradis said the following:
We believe there continues to be a strong need and desire for housing in Downtown San Francisco, which will support a more diversified and balanced ecosystem for residents, businesses, and their employees… I have been active in this submarket for decades, and I’m pleased that Bayhill will provide much-needed market rate and affordable housing, as well as employing skilled labor in the near term. We believe in the City’s ability to continue to attract forward-leaning technologies, as well as both large and small corporate companies, alongside other business services, retail, and dining.
Pickard Chilton is responsible for the design of 530 Howard Street. Renderings show the slim tower rising from the five-story podium, with a four-floor-high cantilevered amenity terrace facing the pedestrian bridge connecting the public to Transbay Park via an elevator. The facade appears to be treated with bold horizontal lines established by steel beams between each floor, while metal panels represent pilasters rising up to the 840-foot-high parapet.
Today, a surface parking lot and a four-story office building occupy the project site. Crescent Heights had pursued plans in 2016 for a 48-story mixed-use tower with 350 units. The Handel Architects-designed apartments never materialized, and over the years, its most common permit activity regarded the temporary parking lot’s two-year lease renewals.
The tower is expected to rise amongst a crop of several dense apartment towers, with one notable exception. Close to the project site, in fact, just two parcels down at 550 Howard Street, Hines and a development team canceled the planned 61-story mixed-use tower known as Parcel F. The 750-foot skyscraper would have created 165 homes, a 189-room hotel, retail, and roughly 325,000 square feet of office space. Construction was expected to start in early 2022, but due to the city’s struggling office market, the shifting nature of the hospitality industry, and ballooning construction costs, Hines put the parcel up for sale in July this year.
While plans for Parcel F are officially canceled, the developer has continued to push for plans to create the city’s second-tallest skyscraper right next to the Embarcadero. City Grove is the developer’s master plan, which includes one and a half million square feet of offices designed or adaptively reused by Pickard Chilton. Between the offices, Hines and Foster + Partners are working on 50 Main Street, a 992-foot supertall with 808 homes. The Planning Department shows that the project is still under review, with activity about a lot merger noted earlier this summer.
The site is in SoMA, close to the Yerba Buena cultural district and the Rincon Hill neighborhood. Prospective residents can also look forward to The Portal, connecting Caltrain and future High-Speed Rail with the transit hub’s underground train platforms.
In a public statement, Mayor London Breed commented on the new plan, saying, “this significant investment in our Downtown is another infusion of confidence and excitement for the future of San Francisco. We are focused on doing everything we can to bring more housing and vitality Downtown, and I want to thank Bayhill Ventures for working to deliver on that effort.”