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.
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.
Development permits have been filed for new construction on 1560 Folsom Street, SoMa, San Francisco. The project proposes to merge four existing lots into two and construct two buildings with 244 residential units. One building would face Kissling Street, and the other would face Folsom Street. The lots’ existing use is light industrial; the proposed use of the lots is residential with ground-floor retail. Ankrom Moisan Architects is managing the design and construction.
Development permits have been filed to construct a new residential building at 580 Minna Street in the South of Market, San Francisco. The proposal includes building a seven story residential building with 21 units and a basement. Sia Consulting Corporation is managing the project.
