1888 MLK, a new six-story residential development, has broken ground at 1888 Martin Luther King Jr Way in Downtown Oakland. Once complete, the surface parking lot will be replaced with 88 modern studio apartments. Prefab Logistics is partnering with Oakland-based architecture firm Baran Studios for this urban in-fill project.
A recent site visit by SF YIMBY has shown that the fourth and final expansion of the Trinity Place residential block in SoMa is nearly complete. The exterior has been almost entirely sealed up for 1177 Market Street, though scaffolding remains in the Market street portal through the building to the courtyard. Whole Foods will be an anchor tenant for the project, opening up its largest store in the city. San Francisco-based Trinity Properties is responsible for the development.
Singapore’s Ascendas Real Estate Investment Trust, or Ascendas REIT, recently purchased two buildings in San Francisco for $572 million. Alexandria Real Estate Equities (ARE) and TMG Partners are on the other end of the move, parting with their partnered ownership of 505 Brannan Street and 510 Townsend Street in the SoMa neighborhood. This transaction follows the pair’s recent success in selling the 945 Market Street mall to Ikea. The deal marks Ascendas’ introduction to the Bay Area real estate market.
A new 6-story building will be constructed on 2976, Mission Street, San Francisco, creating 8 new residential units. The proposal includes demolition and new construction of a mixed-use building with commercial space at the ground floor. The existing 2 story story facade will be maintained, refurbished, and incorporated into the new construction. Elevation Architects is managing the project.
Plans for a new twenty seven-story development at 469 Stevenson Street have recently been brought to the public’s attention by an informational presentation to San Francisco’s Planning Commission. The tower will rise 274 feet high in SoMa. Inside, over half a million square feet will bring 495 new houses to market. San Francisco-based BUILD is responsible for the development.
