Construction is moving along for one of the more eye-catching construction projects in the city, the Serif and The Line Hotel at 950 Market Street in the Tenderloin, San Francisco. L37 Partners is responsible for the development.
Development plans are currently under review for a modern mixed-use skyscraper at 45-53 Third Street in SoMa, San Francisco. Recently uncovered renderings show in greater detail than previously reported the sculptural design by SOM. Overlooking the Yerba Buena gardens, the project will provide affordable and market-rate housing, luxury hotel space, offices, retail, public area, and an art market, all in one 600-foot structure. The development is being co-sponsored by the Hearst family and JMA Ventures.
Construction permits were filed seeking approval of a mixed-use residential building with 500 dwelling units on 555 Bryant Street in the South of Market district, San Francisco. The project proposal includes constructing a residential building with 125 accessory parking spaces, three basements, and some retail space.
The San Francisco Port Commission has paved the path for Strada Investment Group and Trammell Crow to develop Piers 30-32 in SoMa, San Francisco. The Port commission granted of right for exclusive negotiating to the joint development team and gave a four-month window for them to drop the project without a fee. The development is expected to raise $1.18 billion in private investment for construction, which excludes the cost of funding for the 150-unit affordable residential building.
New renderings have been released for a storage building with agriculturally productive landscaping at 2285 Jerrold Avenue, in the northern corner of Bayview, San Francisco. The 65-foot structure will offer nearly 300,000 square feet for commercial and self-storage. The project is owned by Marin County-based Flair Diversified Properties, a company tied to the private real estate investment firm Nestory Park.
