Reporting by the San Francisco Business Times reveals that Oceanwide Holdings have paused construction for the much-anticipated Oceanwide Center at 50 1st Street in SoMa, San Francisco. While crews have recently completed the foundation, this announcement makes clear that the structure will not be rising soon. Once resumed, it becomes the second tallest building in Northern California and fourth tallest in the state.
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.
This week’s big little permits take away is its uptick in ADU filings. Even with Indigenous Peoples’ holiday providing a lull on Monday, planners picked up the pace for the rest of the week. This article covers over 128 new units of apartments and ADUs across the Bay Area plus Sacramento, as well as twenty-one single-family houses. Our map shows how widespread the permits were across the city of San Francisco, no more than a few in any one neighborhood. Some unusual and significant little permits include a large wine storage building in Santa Clara County and additional classrooms filed for the Athenian School in Danville.
A planned new hub is under review for a corner of John McLaren Park at Sunnydale, by the southern edge of San Francisco. Recent plans were put in front of the civic design review committee for the community center adjoining a residential development, the Herz Recreation Center Project. It is a nearly twelve thousand square foot destination for exercise, meetings, and various events. The city’s Park Department is developing the project in concert with Mercy Housing and Related California.
Permits have been filed for a new three-story educational building at 560 Fremont Road on Stanford’s Santa Clara County campus. The development will require over 4,200 cubic yards of land moved for grading, suggesting a sizable footprint. The site is accessible to transit via either Stanford station or Palo Alto station and Caltrain, a busy commuter rail corridor connecting San Francisco to San Jose, along with other suburban towns and cities it passes through.