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  #181  
Old Posted Oct 12, 2019, 2:10 AM
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Pedestrian Pedestrian is offline
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^^Remind me: Does it have a Prop. M allocation or will actual construction need to wait for one? I didn't have alnallocation as of April:

Quote:
(The) Transbay district tower that would fund more than 300 affordable housing units at no cost to the city could be held up for years, a potential victim of San Francisco’s cap on the approval of new office space and the flood of big South of Market projects lining up for permits.

At 806 feet, 546 Howard St. would be the city’s fourth-tallest tower and the last major high-rise in the Transbay district, the former industrial area that now hosts the city’s tallest neighborhood.

The project has been in the works for three years and would include a 190-room five-star hotel, 165 market-rate condos and 325,000 square feet of office space, which has already been fully leased to the cloud computing giant Salesforce.

To fulfill its affordable housing requirements — the Transbay neighborhood plan requires that 40 percent of units in the area be below market rate — developers Hines, Urban Pacific and Goldman Sachs will fund the construction of 337 affordable units two blocks east on the south side of Howard Street, between Beale and Main streets. That project, which would be built by the nonprofit Mercy Housing, would also include 181 market-rate apartments.


But proposed office projects must compete for approvals under Proposition M . . . .
https://www.sfchronicle.com/bayarea/...g-13745953.php
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  #182  
Old Posted Oct 12, 2019, 2:19 AM
mt_climber13 mt_climber13 is offline
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Too bad this one couldn't have been the city's tallest. Salesforce is nice but is just missing something after it was downsized from 1200 feet to 1070 ft. This tower at 1070 ft. would be stunning.
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  #183  
Old Posted Oct 12, 2019, 2:21 AM
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Pedestrian Pedestrian is offline
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Quote:
Originally Posted by mt_climber13 View Post
Too bad this one couldn't have been the city's tallest. Salesforce is nice but is just missing something after it was downsized from 1200 feet to 1070 ft. This tower at 1070 ft. would be stunning.
Matter of taste. You evidently prefer moderne.
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  #184  
Old Posted Oct 12, 2019, 11:40 PM
minesweeper minesweeper is offline
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Quote:
Originally Posted by Pedestrian View Post
^^Remind me: Does it have a Prop. M allocation or will actual construction need to wait for one? I didn't have alnallocation as of April:
It does not have its allocation yet. The last ~2.8 million available sq feet went to the Flower Mart and Tennis Club projects: https://sfplanning.org/sites/default...tion_Stats.pdf

The available allocation is pretty much at 0 right now, but 875,000 sq feet gets added on October 17.

The fact that this one is getting the rest of its approvals soon and is apparently shovel-ready and unlocks the affordable housing on Block 4 makes me optimistic that it will receive its allocation after the refresh on October 17.
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