Goldman Sachs

550 Howard Street:Parcel F Architectural design, rendering by SteelBlue

Hines Gets Loan Extension for 61-Story Parcel F, San Francisco

5:30 am on July 7, 2023 By Andrew Nelson

Permits are approved, and construction was expected to start two years ago, but now the site remains undisturbed while the project developer has received an extension for two loans totaling $80 million. Both JPMorgan Chase Bank and United Overseas Bank have pushed the deadline for Hines through October for two $40 million loans pertaining to the 61-story proposal at 550 Howard Street in SoMa, San Francisco. If built today, the mixed-use tower could become the fourth tallest tower in the city.

View of the Southline Commons, an expansive courtyard, image by DES Architects and Engineers

First Structure Rising at Southline, South San Francisco

5:30 am on May 18, 2023 By Andrew Nelson

Images from a YIMBY reader show most of the first building’s steel framework has been erected at Southline, a massive life sciences development in South San Francisco, San Mateo County. The new purpose-built laboratory is the first of eleven structures that will occupy the 28.5-acre master plan. The first phase of construction has seen Beacon Capital Partners join Lane Partners and Goldman Sachs in the ownership group.

Southline view of Building 3, image by DES Architects and Engineers

Recapitalization Announced for Southline Phase One in South San Francisco

5:30 am on January 19, 2023 By Andrew Nelson

Goldman Sachs Asset Management and Lane Partners have announced the completion of a recapitalization for the first phase of Southline in South San Francisco, San Mateo County. Southline is the master plan for 28.5-acre development across from the San Bruno BART Station with 2.8 million square feet of life sciences and offices couched with acres of landscaping and a new public park. Construction has already started for the first of two buildings in phase one.

Southline from Huntington-Sneath Intersection, image by DES Architects and Engineers

City Council Approves Southline Specific Plan, South San Francisco, San Mateo County

5:30 am on September 7, 2022 By Andrew Nelson

The South San Francisco City Council has unanimously voted to approve Southline Specific Plan, a dense 28.5-acre campus across from San Bruno BART Station in San Mateo County. The project approval marks a significant step toward construction. Lane Partners is sponsoring the development.

Transbay Block 4 tower full view, architecture by Solomon Cordwell Buenz

SF Planning Department Approves Transbay Block 4 Tower in SoMa, San Francisco

5:30 am on August 1, 2022 By Andrew Nelson

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.

Permit Progress on Transbay Block 4 Tower at 200 Main Street, SoMa, San Francisco

5:30 am on June 13, 2022 By Andrew Nelson

New permit activity shows plans are moving ahead for the 47-story skyscraper at Transbay Block 4 in SoMa, San Francisco. Representatives for the property owner, Hines, have recently filed an amendment request to increase the lot’s height limit from 450 feet to 513 feet. The building would create hundreds of below-market-rate units, apartments, condos, and townhomes overlooking the proposed Transbay Park.

Meeting Tomorrow for $1 Billion Southline Plan in South San Francisco

5:00 am on June 1, 2022 By Andrew Nelson

The South San Francisco Planning Commission is scheduled to meet tomorrow evening to discuss plans for Southline, a $1 Billion 28.5-acre commercial development in San Mateo County by the San Bruno BART station. City staff recommends that the commission approve the project, led by Menlo Park-based real estate developer Lane Partners with investment from Goldman Sachs.

Parcel F Tower, design by Pelli Clarke Pelli with rendering by SteelBlue

Number 5: Transbay Parcel F at 550 Howard Street, SoMa, San Francisco

5:30 am on December 2, 2021 By Andrew Nelson

The fifth tallest building in the Bay Area planned or built in the SFYIMBY January 2021 Countdown is the Transbay Parcel F at 550 Howard Street in SoMa, San Francisco. Proposed by a joint venture with Hines, Urban Pacific, and Goldman Sachs Asset Management, the mixed-use tower will rise 806 feet above street level. Construction is scheduled to start in the first quarter of next year.

Board of Supervisors Expected To Approve 550 Howard Street Today, SoMa, San Francisco

5:30 am on March 23, 2021 By Andrew Nelson

The San Francisco Board of Supervisors is expected to give their second and final approval for the 61-story mixed-use proposal for 550 Howard Street in SoMa, San Francisco. The highly-anticipated approval comes after the supervisors voted 10 to 1 to allow construction. The project is located on Parcel F of the Transbay district development plan and represents the last major project from the plan sixteen years since it was adopted.

550 Howard Street between the Bay Bridge, design by Pelli Clarke Pelli

Notice of Public Hearing Circulating for 550 Howard Street, SoMa, San Francisco

5:30 am on January 1, 2021 By Andrew Nelson

The San Francisco Planning Department has circulated a notice to the public that the development for 550 Howard Street in SoMa, San Francisco, is heading to the Planning Commission on January 28th. The document provides updated building stats for the tower, including a 50-foot decrease in height since our last coverage. Regardless, at 750 feet, the Transbay Parcel F tower is the tallest active project in the Bay Area’s pipeline. Hines is responsible for the development.

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