45-53 Third Street aerial view, rendering by SOM

Renderings Revealed for 45-53 Third Street, SoMa, San Francisco

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.

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Piers 30-32 redevelopment with Seawall Lot 330 Housing visible in the center of the image, rendering by Steelblue for Strada Investment Group

Path Forward for Piers 30-32, SoMa, San Francisco

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.

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