Crews are nearing the pinnacle of the 17-story affordable housing tower in San Francisco’s East Cut neighborhood. Transbay Block 2 East is now 14 floors above street-level, with only a few levels left before the family apartment tower will reach its peak at 230 Folsom Street. Mercy Housing is the project developer.
Construction has topped out with facade installation complete for the nine-story affordable senior housing complex dubbed Transbay Block 2 West in East Cut, San Francisco. The project is looking close to opening all 151 units in the heart of the high-rise neighborhood. Chinatown Community Development Center is the project developer.
Construction work is progressing for the two affordable housing projects rising on Transbay Block 2 in East Cut, San Francisco. The update comes just five months after the groundbreaking for both projects, led by separate developers. Concrete is already rising for the senior housing complex, with the foundation already dug for the family housing. Once complete, the site will provide 335 new homes.
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.
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.
