The San Francisco Planning Commission has approved plans for the 72-story residential skyscraper to rise at 524-530 Howard Street in SoMa, San Francisco. The application was streamlined with Assembly Bill 2011, entitling the developer to construct the tallest potential residential skyscraper in the city. Bayhill Ventures, led by former Hines managing director Paul Paradis, is responsible for the project.
Bayhill Ventures debuted last November with eye-catching plans for a new residential skyscraper in San Francisco during a period where most significant projects are on hold across the region. Last month, Bayhill’s founder and CEO, Paul Paradis, sat down with YIMBY to discuss the ambitious plans for 530 Howard Street, his reason for starting a new firm, and his optimism for San Francisco’s next top-end office tower.
It has only been two weeks since plans were first announced for the region’s potential second-tallest residential tower, and a flurry of permit activity has already been submitted to the city’s Planning Department. The 72-story proposal for 530 Howard Street is expected to rise 844 feet tall, among the tallest in the country, and could become the third or fourth tallest skyscraper in San Francisco. Bayhill Ventures, the project developer, has also submitted a request for new building permits.
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.