The San Francisco Planning Department has approved rezoning Transbay Block 4 to conform with the 47-story proposal by Hines in SoMa. The 513-foot tower will exceed the 400-foot height limit for the parcel at 200 Main Street, creating 681 new homes, of which nearly half will be designated as affordable. Groundbreaking is expected by late 2023 or 2024.
Parcel Projects and McCormack Baron Salazar have proposed a visionary seven-story mixed-use building at 2301 Telegraph Avenue in Northgate, Oakland. The plan will create a multi-faceted cultural anchor led by several local organizations and 58 affordable housing units. Architectural design is a collaboration with Parcel Projects and Mithun.
Construction financing has been secured for the 189-unit residential development at 85 Cleaveland Road in Pleasant Hill, Contra Costa County. The project has received $94.3 million arranged by JLL Capital Markets with Gemdale USA, Bank OZK, and AvalonBay Communities.
New building permits are filed for a four-story residential infill at 500 Leisure Lane in North Sacramento. The Leisure Lane Apartments would create 121 market-rate apartments on the former Woodlake Hotel property. AG Spanos Companies is the developer operating for property owner Columbia Pacific Management.
The Draft Environmental Impact Report has been published for a mixed-use infill at 1881 West San Carlos Street in Burbank, San Jose. The project will feature apartments, senior care beds above the courtyard, and ground-level retail. The proposal is from San Jose Real Estate Investors Association CEO Lori Greymont, operating through Oak Glen Ventures LLC.
