Permits are approved, and construction was expected to start two years ago, but now the site remains undisturbed while the project developer has received an extension for two loans totaling $80 million. Both JPMorgan Chase Bank and United Overseas Bank have pushed the deadline for Hines through October for two $40 million loans pertaining to the 61-story proposal at 550 Howard Street in SoMa, San Francisco. If built today, the mixed-use tower could become the fourth tallest tower in the city.
Illustrations have been published for the 2.5 acres of vacant land around the historic 16th Street Train Station in West Oakland, Alameda County. The development, dubbed Signal House, would be the fifth townhome-style development by the abandoned station in Oakland’s Prescott neighborhood, this time adding 90 homes. City Ventures is the project developer.
A new residential project has been proposed for development at 1657 Mason Street in Russian Hill, San Francisco. The project proposal includes the addition of two residential units to a property with two existing units in an R-3 structure, resulting in a new four-story building. Consortium Architecture is responsible for the designs.
Excavation work is underway for the 16-story mixed-use building at 555 Bryant Street in SoMa, San Francisco. While facade installation has started for the nearby offices, the same contractor is working on the foundation of what will become 501 new homes close to Caltrain Station and the Central Subway line. Strada Investment Group is responsible for the development.
Construction has topped out for the new six-story office infill at 531 Bryant Street in SoMa, San Francisco. With concrete reaching its peak, the first pieces of the facade can be spotted wrapped around the second floor. The project is being developed by Urban Land Development with financing from Washington Capital.