SoMa

505 Brannan Street, rendering courtesy Heller Manus Architects

Singaporean REIT Purchases 505 Brannan Street & 510 Townsend Street

5:00 am on November 17, 2020 By Andrew Nelson

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.

469 Stevenson Street, rendering by Solomon Cordwell Buenz

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

5:30 am on November 16, 2020 By Andrew Nelson

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.

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

5:30 am on November 13, 2020 By Andrew Nelson

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.

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

Oceanwide Center’s Construction Pauses Temporarily

5:30 am on November 2, 2020 By Andrew Nelson

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.

230 7th Street, rendering by Gary Gee Architects

230 7th Street Nears Construction in SoMa, San Francisco

5:30 am on October 30, 2020 By Andrew Nelson

New planning permits have been filed for a six-story residential development at 230 7th Street in SoMa, San Francisco. These permits come after approval for new building permits and site crane permits, suggesting the developers are doing some last-minute planning before construction starts. Oryx Partners had been responsible for the development in 2017. The site went for $10.6 million, and the new developers seem intent on retaining the previous scale while exploring the option of including condominiums.

555-585 Bryant Street elevation, drawing by Solomon Cordwell Buenz

$200 Million Assessment Permits Filed for 555 Bryant Street, SoMa, San Francisco

5:30 am on October 29, 2020 By Andrew Nelson

Preliminary Project Assessment permits have been filed for a 160-foot mixed-use development between 555-585 Bryant Street in SoMa, San Francisco. Construction is estimated to cost at least $200 million. Plans drafted by Solomon Cordwell Buenz show the an infill with set-backs to afford more direct sunlight to the asphalt. The assessment permit calls for merging seven lots between Bryant and Welsh Street to create a single 33,000 square foot parcel. If approved, the project will bring five hundred new residencies to the city, of which twenty percent will be affordable.

600 7th Street viewed from ground level, design by Cliff Lowe Associates

Renderings Revealed for 600 7th Street, SoMa, San Francisco

5:00 am on October 27, 2020 By Andrew Nelson

New building permits have been filed to construct an eight-story residential building at 600 7th Street, an undeveloped lot near SoMa’s Design District. The project is being developed by Mercy Housing California, with plans for all 208 units to be 100% affordable supportive housing.

Parcel F Tower, design by Pelli Clarke Pelli with rendering by SteelBlue

Project Highlight: The Transbay Parcel F Tower at 550 Howard Street

5:30 am on October 26, 2020 By Andrew Nelson

Across the Bay Area, an array of large and significant projects have been progressing in the background, or with semi-recent news from before, we started SF YIMBY last month. 550 Howard Street in SoMa is one such project, and it’s a big one. Its construction permits were approved In mid-January of this year, clearing the way for the fourth tallest skyscraper in the Bay Area. Once complete, it will stand beside the Transbay Terminal 800 feet tall, designed by the Salesforce Tower’s same firm, Pelli Clarke Pelli.

1035 Howard Street birds-eye view, courtesy ECP

1035 Howard Street Approved by Historic Preservation Commission, SoMa, San Francisco

5:30 am on October 24, 2020 By Andrew Nelson

Embarcadero Capital Partners is making progress on its plans to expand 1035 Howard Street in SoMa, San Francisco. The project has received approval from the city’s Historic Preservation Commission. This comes two years after the firm took out a $34.2 million loan for the development. This adaptive reuse of the currently-vacant Art-Deco office building will help retain a charming facade for subsequent decades.

1010 Mission Street, design by SIA Consulting

1010 Mission Street Files New Building Permits, SoMa, San Francisco

5:30 am on October 23, 2020 By Andrew Nelson

New building permits have been filed for a mixed-use infill at 1010 Mission Street in SoMa, San Francisco. The development will bring 57 new apartments and ground-floor retail onto a vacant lot currently used as surface parking along the busy downtown artery. 1010 Mission Street LLC is listed as the property owner, with SIA Consulting as the architects.

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