New details have been published for two 17-story apartment buildings and a new public park to replace the former Transbay Temporary Bus Terminal in SoMa, San Francisco. Transbay Block 2 and 3 represent two-thirds of the full-block property. The projects are overseen by the Office of Community Investment and Infrastructure, i.e., the OCII.
The Registry San Francisco has reported that Strada Investment Group purchased the site for their proposed residential tower at 555 Bryant Street in SoMa, San Francisco. Strada reportedly closed on the property for $44.9 million. The proposed building is expected to create 500 new rental units, including some affordable housing.
A preliminary project assessment application has been filed, revealing for the first time a proposed 58-story residential tower for 620 Folsom Street in SoMa, San Francisco. Located between Hawthorne, 2nd Street, and Howard Street, the address would create 623 new rental apartments, boosted by the 50% state density bonus. Ground Matrix is listed as the applicant.
New renderings have been revealed ahead of a planning commission hearing for a mixed-use mid-rise building at 490 Brannan Street in SoMa, San Francisco. The project would replace an existing commercial structure and surface parking a 185-foot tall building with offices, space for the arts, child-care, and retail. Strada Investment Group is behind the proposal after acquiring the property in 2015.
The 21st tallest tower in the Bay Area planned or built is Spear Tower in SoMa, San Francisco. Rising to a 564-foot pinnacle, Spear Tower is the taller of a two-towered complex, One Market Plaza. Rising across the Embarcadero, the development was completed in 1976, connecting the two new towers with the 11-story 1916-built Landmark Building on Market Street. Welton Becket Associates is the building architect.
