The San Francisco Board of Supervisors is scheduled to vote later today to provide a $115.8 million construction loan for affordable housing at Transbay Block 2 East. The proposal is expected to rise 17 stories tall and bring 184 below-market-rate rental apartments to 200 Folsom Street in the heart of the densely-developed Transbay neighborhood. Mercy Housing is the project sponsor.
Construction is moving quickly for the dense residential complex rising at 555 Bryant Street in SoMa, San Francisco. A recent site visit by YIMBY shows concrete has reached the 11th story, and crews have started facade installation. Strada Investment Group is the project developer, and Swinerton is the general contractor.
555 Bryant Street has started rising above street level in SoMa, San Francisco. With the foundation complete, vertical construction is expected to accelerate over the next year, culminating with the 16-story mixed-use high-rise overlooking I-80 and close to the 4th & King Street Caltrain Station. Strada Investment Group is responsible for the development.
TMG Partners is expected to request an extension of the city’s approval for Telegraph Tower at 2201 Valley Street in Downtown Oakland. The developer had received approval for a 450-foot office tower in 2019.
Construction has officially started on 39 affordable homes with a groundbreaking ceremony at 1367 University Avenue in North Berkeley, Alameda County. The project will create housing for formerly homeless individuals, giving access to amenities, on-site services, and close access to the North Berkeley BART Station. San Francisco-based Panoramic Interests is the developer while Building Opportunities for Self Sufficiency will manage the property and leasing.
