Articles by Andrew Nelson

1450 Owens Street street view, rendering courtesy city planning documents

Amended Plans Approved for 1450 Owens Street, Mission Bay, San Francisco

The City Planning Commission has approved amended plans for a new life sciences research building for 1450 Owens Street in Mission Bay, San Francisco. The approved project will bring over 175,000 square feet onto the 1.13-acre lot, rising 109 feet above street level. The busy Alexandria Real Estate Equities (ARE), the largest real estate investment trust (REIT) for life science real estate in the USA, is responsible for the development.

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725 Harrison Street full view, design by HOK Architects

Permits for 777 Harrison Street after Sale for $140 Million, SoMa, San Francisco

Recent permits show activity for the fifteen-story mixed-use project at 777 Harrison Street, also known as 725 Harrison Street in SoMa, San Francisco. The project is led by Boston Properties, the same developers behind the Salesforce Tower. They were joint owners with Barrett Block Partners before completing an acquisition in June of 2020 for $140.1 million. The city unanimously approved 777 Harrison in late 2019, making way for nearly three quarters million square feet of office space and 144 affordable housing units.

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155 Steuart Street with the Salesforce Building near its peak, pictures in 2017 via Google Street View

Oxford Capital Group Buys Five Bay Area Hotels

The Chicago-based Oxford Capital Group has an extensive portfolio of hotels across the country, including San Francisco’s ornate Sir Francis Drake Hotel. Now, the firm has announced they are increasing their presence in the Bay to nine properties following the purchase of three hotels in San Francisco, one in Palo Alto, and another in Los Gatos. Details about the sales are not released, and public records are not updated.

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El Cerrito Plaza Station development plane option 1, drawing courtesy BART

Related CA, Holliday Development, To Develop Housing at El Cerrito Plaza BART Station

BART has announced that they have picked two developers to form a joint venture for 780 new residences around the El Cerrito Plaza BART Station, with 49% units as affordable, and a public library. Related California and Holliday Development were chosen. The joint venture now must negotiate the terms of agreement with BART to start the two-to-three-year process of producing a development concept.

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