Renovation work is wrapping up for what will become the only new hotel to open in San Francisco’s Financial District. The former Le Méridien at 333 Battery Street was purchased by KHP Capital Partners for $221 million in 2021 and is expected to open later this year as the Jay Hotel. The 25-story hotel first opened in 1989 with the architecture by John Portman & Associates.
Plans for a new Life Science campus dubbed Gilman Gateway in Northwest Berkeley have been pushed closer to reality. Public records show that 16 parcels have been purchased for a total of $49 million, culminating in roughly ten acres. IQHQ and Spur Capital Partners have partnered as joint developers.
The City of Oakland has approved plans for a five-story apartment complex to rise by the MacArthur BART Station at 3801 Telegraph Avenue in the Mosswood neighborhood. The development is expected to create 110 new units, including 20 affordable apartments, at the corner of Telegraph Avenue and West MacArthur Boulevard. Oakland-based Riaz Capital is the developer.
Hines has reportedly halted plans for the 39-story office tower at 415 20th Street in Downtown Oakland, Alameda County. The proposal would have become the tallest structure in the Bay Area outside of San Francisco, but the struggling real estate market has pushed the prominent developer away. Now, the site is being offered as a future home for a new BART Police Headquarters.
New renderings have been published alongside an updated construction timeline for 2530 18th Street in San Francisco’s Mission District. The development will create a new home for the Homeless Prenatal Program resource agency and 73 new affordable homes. HPP is working with the developer Mercy Housing. Construction is expected to begin in Spring 2024.
