In 2007, the City
upzoned the Mid-Market area along Van Ness, including up to 400 ft for the Honda SF site owned at the time by the Boas family.
The Boas family
put their 1+ acre site/Honda dealership up for sale earlier in the year and national developer
Crescent Heights picked it up for
$50M.
Crescent Heights plans 500-700 units on the site. While the Van Ness frontage is zoned for 400 ft, the Market St side is zoned for a mid-rise of only 120 ft, allowing for setbacks. However, all of this is complicated by the BART tunnel running underneath the site, which will introduce engineering difficulties with foundations for a taller tower.
Crescent Heights recently developed 754 units at NEMA a block away (37 and 22 stories) and is developing 320 units in a 40+ story tower in Rincon Hill (
SSP: 45 Lansing).
As for timing (below from May 2014)?
Quote:
The sale of the San Francisco Honda site at the corner of Market and South Van Ness (officially 10 South Van Ness Avenue), “will likely close in the next sixty to ninety days,” according to the spokesperson for the Boas family which owns the site and dealership.
And in terms of timing for any development, the sale allows San Francisco Honda to continue to operate on site for two years, after which the Boas family plans to relocate the dealership which was one of the first fifty Honda dealerships in the United States.
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source
RENDERINGS
source (site as it stands now)
Prior renderings for site from 2007 after area up-zoning:
source
ADDITIONAL LINKS
Market and Van Ness Area Sees Flurry of Development
Crescent Heights Buys Mid-Market Site
Market Street Honda Dealership Site Revs Up for Development
San Francisco's Market and Octavia Neighborhood Plans Move Forward
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