SoMa

1177 Market Street, image by Andrew Campbell Nelson

Trinity Place Phase IV Nearing Completion at 1177 Market Street, SoMa, San Francisco

A recent site visit by SF YIMBY has shown that the fourth and final expansion of the Trinity Place residential block in SoMa is nearly complete. The exterior has been almost entirely sealed up for 1177 Market Street, though scaffolding remains in the Market street portal through the building to the courtyard. Whole Foods will be an anchor tenant for the project, opening up its largest store in the city. San Francisco-based Trinity Properties is responsible for the development.

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505 Brannan Street, rendering courtesy Heller Manus Architects

Singaporean REIT Purchases 505 Brannan Street & 510 Townsend Street

Singapore’s Ascendas Real Estate Investment Trust, or Ascendas REIT, recently purchased two buildings in San Francisco for $572 million. Alexandria Real Estate Equities (ARE) and TMG Partners are on the other end of the move, parting with their partnered ownership of 505 Brannan Street and 510 Townsend Street in the SoMa neighborhood. This transaction follows the pair’s recent success in selling the 945 Market Street mall to Ikea. The deal marks Ascendas’ introduction to the Bay Area real estate market.

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469 Stevenson Street, rendering by Solomon Cordwell Buenz

Renderings Revealed for 27-story 469 Stevenson Street, SoMa, San Francisco

Plans for a new twenty seven-story development at 469 Stevenson Street have recently been brought to the public’s attention by an informational presentation to San Francisco’s Planning Commission. The tower will rise 274 feet high in SoMa. Inside, over half a million square feet will bring 495 new houses to market. San Francisco-based BUILD is responsible for the development.

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598 Brannan Street with phase two to the right of the rendering, by Mitsui Fudosan

Phase Two for 598 Brannan Street, SoMa, San Francisco, Goes to Planning Commission

Authorization for the second and final phase for Brannan Square in SoMa, San Francisco, is heading to the city’s planning commission. The second phase will include the construction of 211,600 square feet of office space and 11,050 square feet for retail with light industrial use in one of three planned new buildings. Tishman Speyer is responsible for the development.

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Oceanwide Center, design by Foster + Partners with Heller Manus Architects

Oceanwide Center’s Construction Pauses Temporarily

Reporting by the San Francisco Business Times reveals that Oceanwide Holdings have paused construction for the much-anticipated Oceanwide Center at 50 1st Street in SoMa, San Francisco. While crews have recently completed the foundation, this announcement makes clear that the structure will not be rising soon. Once resumed, it becomes the second tallest building in Northern California and fourth tallest in the state.

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