Strada is set to purchase the 18-story office tower at 201 Spear Street in San Francisco’s Financial District. The reported price is just 57% of what KBS Realty Advisors paid for in 2013. The price per square foot puts the deal within the existing range of sales in the region’s struggling post-pandemic office market.
New plans have been submitted for an eight-story apartment complex at 500 West San Carlos Street in San Jose, close to Diridon Station. The developer is considering 99 new homes and retail in a preliminary review. Abbas Haghshenas of Bay Plus Construction is listed as the project applicant.
New plans have been filed to create a bookstore and event space inside the 115-year-old brick building at 556 Commercial Street in San Francisco’s Financial District. The application was filed on behalf of the Center for the Art of Translation, the property owner and a non-profit literary community that promotes and supports literary translation and translators.
Berkeley’s growing neighborhood could soon rise higher. The Berkeley City Council is scheduled to vote today to upzone Southside, a vibrant mixed-use neighborhood dominated by college students and small businesses on the south side of the UC Berkeley Campus. If approved, the rezoning would increase the area’s maximum housing capacity up by over 2,500 dwellings.
A recent Zoning Worksheet application has been filed and subsequently withdrawn for 2040 Telegraph Avenue in Downtown Oakland. Both applications are mixed-use buildings with housing, either for a 27-story tower with lab space or a 43-story high-rise with offices and a theater. The project is on the same block as the city-owned and landmarked Paramount Theater.
