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415 20th Street axons from all angles, design by Pickard Chilton

Elevations Revealed as 415 20th Street Heads to Oakland Design Review Committee

5:30 am on January 15, 2021 By Andrew Nelson

Plans for a 622-foot office tower at 415 20th Street are heading to the Oakland Design Review Committee on January 27th. If it is built as proposed, the tower will become the tallest skyscraper in Downtown Oakland and the tallest building in California to not be in Los Angeles or San Francisco. The review requests permit approval for the design, conditional use for a large project, and variance for the maximum setback. Ultimately, the Oakland Planning Commission will make the final decision. Hines is backing the proposal, working through 415 20th Street LLC.

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98 Pennsylvania Avenue, drawing courtesy SIA Consulting

California’s New Housing Laws for 2021, Increase Density Bonus to 50% and More

5:00 am on December 31, 2020 By Andrew Nelson

The California State Government is implementing a few new laws to increase housing production, starting as early as tomorrow, January 1st, 2021. The headlining story is that the state density bonus for affordable housing will increase from 35% to 50%. That density bonus is in Assembly Bill 2345, introduced by Assembly Members David Chiu of San Francisco and Lorena Gonzalez of San Diego. While none of the new laws are expected to shift future development across the Bay Area significantly, they allow for a gradual increase in housing production statewide.

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155 Steuart Street with the Salesforce Building near its peak, pictures in 2017 via Google Street View

Oxford Capital Group Buys Five Bay Area Hotels

4:30 am on December 4, 2020 By Andrew Nelson

The Chicago-based Oxford Capital Group has an extensive portfolio of hotels across the country, including San Francisco’s ornate Sir Francis Drake Hotel. Now, the firm has announced they are increasing their presence in the Bay to nine properties following the purchase of three hotels in San Francisco, one in Palo Alto, and another in Los Gatos. Details about the sales are not released, and public records are not updated.

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555 California Street seen right of center

Sale of Vornado and Trump Owned Iconic 555 California Now On Hold

5:30 am on November 25, 2020 By Andrew Nelson

Once the tallest building in the west of the United States, 555 California Street still stands out in the San Francisco skyline half a century later. The 1969-era skyscraper has long been symbolic of the city’s Financial District, second only to the Transamerica Pyramid. Currently, the building is majority-owned by Vornado Realty Trust, holding 70% of ownership, with a 30% partnership deal with the President’s Trump Organization. Vornado announced this week that they have temporarily ceased efforts to sell the building, as well as the 1290 6th Avenue tower in Manhattan, also part-owned by the President’s company, stopping the search for a potential $5 billion transaction. If made, the Trump Organization stood to gain $1.5 billion. Efforts to sell are expected to restart in 2021.

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Botanical Garden Nursery

Renderings Revealed For Botanical Garden Nursery and Golf Course Clubhouse

4:30 am on November 25, 2020 By Team YIMBY

Development permits have been filed, and renderings were revealed for Botanical Garden Nursery and Golf Course Clubhouse in Golden Gate Park, San Francisco. The proposed project for Botanical Garden has four vital updates: design an efficient nursery with indoor and outdoor activity spaces, consolidate growing spaces into a defined nursery area, demarcate and separate public-only areas from workers-only areas, and practice sustainability in every project design. Siegel and Strain Architects are managing this project.

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