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.
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.
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.
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.
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.
