One of the first stories covered by SFYIMBY was the announcement that IKEA’s parent company, Ingka Centres, purchased 945 Market Street in SoMa for over a quarter billion dollars. Now, the property owners has filed a request for a project review meeting with the City of San Francisco. The application reveals new detail on the most significant real estate development in the Bay Area expected for 2021.
Construction is moving quickly on the 26-story tower at 30 Otis Street in SoMa, San Francisco. Since SFYIMBY’s update in late September, the concrete structure has topped out, and the curtain wall glass facade is just a handful of stories from the peak. Once complete, the project will produce 418 new residential units in the ‘The Hub,’ a rezoned district as part of the city’s master plan. Align Development is responsible for the design.
Recent preliminary project permits show that the development at 4550 Mission Street offers nearly three times the residential capacity as originally planned. Located in Outer Mission, San Francisco, the developers increased their plans from 24 to 69 apartments. The permits credit HOME-SF, a city-wide local density bonus program to encourage affordable housing near transit. The developer is not listed.
Alteration permits have been filed to expand the room count for the topped-out SOMA Mission Bay Hotel at 100 Channel Street, SoMa, San Francisco. The alteration comes thanks to the Mission Bay South Redevelopment Plan’s “Hotel Project.” This building is part of a multi-structure development including One Mission Bay and brings retail, 350 residential units, and 250 guest rooms to a less developed neighborhood corner. The recently filed permits increase the hospitality offering to 299 units. SOMA Hotel LLC is responsible for the development.
Conditional Use Authorization has been submitted for the demolition of an existing garage structure and the construction of a new two-unit residential building at 247 Upper Terrace in Corona Heights, San Francisco. The proposal includes constructing four stories over the basement and one vehicular parking. Cumby Architecture is managing the design and concept.
