The City has approved plans for the 35-story residential tower at 395 3rd Street in SoMa, San Francisco. The high-rise project is expected to create 524 apartments from a surface parking lot at the corner of 3rd and Harrison Street, overlooking I-80. Strada Investment Group is the developer.
Major design changes have been revealed for the narrow eight-story hotel infill at 12 Mint Plaza in SoMa, San Francisco. The updated style will provide a reflection of the neighborhood’s historic architecture rather than a contemporary contrast. Elsey Partners is responsible for the development.
The San Francisco Planning Commission is scheduled to review office plans for 88 Bluxome Street, a years-delayed project at a key site in SoMa, San Francisco. The proposal is part of the second attempt to renege on their agreement to rebuild the Bay Club’s tennis club. Alexandria Real Estate Equities and TMG Partners are joint developers.
Permits are approved, and construction was expected to start two years ago, but now the site remains undisturbed while the project developer has received an extension for two loans totaling $80 million. Both JPMorgan Chase Bank and United Overseas Bank have pushed the deadline for Hines through October for two $40 million loans pertaining to the 61-story proposal at 550 Howard Street in SoMa, San Francisco. If built today, the mixed-use tower could become the fourth tallest tower in the city.
Excavation work is underway for the 16-story mixed-use building at 555 Bryant Street in SoMa, San Francisco. While facade installation has started for the nearby offices, the same contractor is working on the foundation of what will become 501 new homes close to Caltrain Station and the Central Subway line. Strada Investment Group is responsible for the development.
