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.
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.
Brookfield’s 5M is officially open. The ribbon-cutting event was held yesterday, with San Francisco Mayor London Breed and other speakers in attendance. For over a decade, the project has been in the works to replace four acres of surface parking with the city’s newest office tower, a 302-unit apartment complex, a park, and adaptive reuse of historic buildings. 5M, named for the adjacent intersection of 5th and Mission Street in SoMa, is a joint development with Brookfield and Hearst.
Rapid progress has been made across the four acres between Mission, Fifth, and Howard streets for the 5M mixed-use project in SoMa, San Francisco. Facade installation has passed the halfway point for the 395-foot office building at 415 Natoma Street, while the 20-story residential tower at 434 Minna Street has just three floors left to be covered. A groundbreaking event for the new Mary Court park occurred last Thursday with Mayor London Breed and Brookfield Properties in attendance.
Construction for the billion dollar 5M is progressing quickly, with the largest building already near topping out sixteen months after groundbreaking in SoMa, San Francisco. The project will produce six structures, three new, three historic restorations. This includes the former headquarters of the San Francisco Chronicle newspaper, owned by Brookfield Properties’ partner for the development, Hearst. The master plan is by SITELAB Urban Studio, guided by the stated mission to create a privately funded arts- and community-oriented mixed-use district. Recently captured pictures by SF YIMBY reveal how the project has progressed.