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Originally Posted by mello
So many excellent updates thanks SDfan. The 400 Footer up the hill from Symphony towers wow!! That will be huge for the skyline. Ok soooo many cool renderings and projects have come out the last year and a half but no action! What are the chances that CA Theatre, 1st and Cedar, Streetlights, and now all these others you just showed right now get shovels in the ground soon?
If all of these were built we are looking at a stumpy Miami here!! Lol. No kidding our skyline will be very nicely transformed I would just love to know when they will actually be underway. We all know a recession is looming sometime in the next 2 years so lets get going.
Little Italy WOW!! That place is becoming very dense and I'm surprised 9 story projects are getting greenlit on the North end of LI (Closer to Flight path). That is excellent news  |
Thank you, my pleasure.
At this point, if it's a major high-rise, I think Bosa and Pinnacle are the players to watch.
Pinnacle is very incremental, working on one tower at a time it seems. Now that they're about 10 floors up on the red menace, I'm crossing my fingers they'll start work on the twins on Broadway.
Bosa has its hands full, obviously. Pacific Gate is nearly done, and Savina is rising quickly on Kettner. They're either going to pursue PG's twin or the Block in EV. My bet is on PG's twin, given their preference for the Embarcadero.
As for everyone else, who knows? Some of these proposals are simply done to fetch a pretty penny from bigger developers who want to limit the supply on the market, like when
Bosa bought the Block from Zephyr in 2015 or when
Pinnacle bought Pacific Heights last year.
Other times, these developers are small fry and won't procure the capital necessary to actually get their projects out of the ground. Lenders have been extremely cautious since the recession, and
have even been especially less willing to invest in multi-family this past year.
But, regardless, we have a lot of great options on the table.
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