New building permits are filed for the mid-density residential project at 344 14th Street, on the north edge of the Mission District, San Francisco. The seven-story apartment block will add sixty new homes to the neighborhood, along with ground-floor retail. California-based Manouch Moshayedi of MX3 Ventures is responsible for the development after purchasing the parcel in 2015 for nearly $5 million.
Permits are filed for an expansion of office space at 153 Townsend Street in China Basin, located just out of downtown San Francisco. The permit calls for the interior renovation of the structure. Plans are for the replacement of parking levels on the third and fourth floors of the building. These parking levels with be replaced with office space. With the renovation, a total of 198 parking spaces will be removed, while 170 remain.
Permits have been filed for the residential expansion of 2390 Chestnut Street in the neighborhood of Cow Hollow in the Marina District, San Francisco. The permit calls for the interior renovation of the structure along with six additional dwelling units, increasing the density of the structure. The apartments will replace what is currently used as storage and garage space.
Construction for the billion dollar 5M is progressing quickly, with the largest building already near topping out sixteen months after groundbreaking in SoMa, San Francisco. The project will produce six structures, three new, three historic restorations. This includes the former headquarters of the San Francisco Chronicle newspaper, owned by Brookfield Properties’ partner for the development, Hearst. The master plan is by SITELAB Urban Studio, guided by the stated mission to create a privately funded arts- and community-oriented mixed-use district. Recently captured pictures by SF YIMBY reveal how the project has progressed.
Ventas has purchased the recently completed Genesis Office Complex for $1 billion. The project, which features two sleek glass towers, will add considerable depth to the companies growing portfolio of properties. Genesis wrapped up construction in 2019, yielding 721,000 square feet of office space for the South San Francisco market.
