Development permits were filed seeking the approval of a new five-story building at 212 Ritch Street in the South of Market district in San Francisco. The project proposal includes constructing a commercial building offering restaurant space on the ground floor and office space on the four floors. YA Studio is managing the design concepts and construction of the mixed-use commercial project rising to fifty-five feet.
Brookfield Properties has officially marked the ceremonial topping out of 415 Natoma Street, the largest office building to do so in San Francisco this year. The 395-foot structure is the largest of six planned buildings in the mixed-use 5M Development in SoMa. Three buildings will be newly constructed, while the other three are adaptively reused historic renovations. Once complete, 5M will create 856 new homes, of which 245 will be affordable, 853,000 square feet of Class A office space, 49,000 square feet of new public open space, and an array of retail spots. Brookfield is developing the project in partnership with Hearst.
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.
