SAN FRANCISCO MARKET UPDATE

OCTOBER 2018 WRAP-UP

 

Single-Family Homes

The median sale price of single-family homes reached $1.6MM for the month of October; representing a 2% increase from last year, and a 7% increase from September. The price per square foot hit $948, which is consistent with last year. There were actually 3% more sales this October compared with last year at a total of 241. Citywide, single-family homes are selling for 5% over their list price. So while there is 14% more inventory than last October, the market remains strong.

Looking across neighborhoods, the most single-family homes were sold in Bernal Heights and Glen Park. Buena Vista, Corona Heights, Excelsior, and Portola had the highest sales over list price.

  YEAR-OVER-YEAR COMPARISON:  SINGLE FAMILY RESIDENCES

YEAR-OVER-YEAR COMPARISON: SINGLE FAMILY RESIDENCES

  YEAR-TO-DATE 2018:  SINGLE FAMILY RESIDENCES

YEAR-TO-DATE 2018: SINGLE FAMILY RESIDENCES

 

Condominiums and TIC's

The median sale price for Condominiums and TIC reached $1.222MM for the month of October; recognizing a 7% increase from last year and a 6% increase from September. Similarly, the price per square foot increased by 5% to $1,111. Condominiums/TIC are also selling slightly faster than this time last year, at a median market time of 17 days. There were 285 closing for the month of October, which is 8% lower than last year. There are currently 1,029 condominiums/TIC for sale today, which is at parity with November of last year. Citywide, condominiums/TIC sell at 6% over their list price.

  YEAR-OVER-YEAR COMPARISON:  CONDOMINIUMS/TIC

YEAR-OVER-YEAR COMPARISON: CONDOMINIUMS/TIC

  YEAR-TO-DATE 2018:  CONDOMINIUMS/TIC

YEAR-TO-DATE 2018: CONDOMINIUMS/TIC


MEDIAN AREA VALUES

 

MEDIAN PROPERTY VALUES - SINGLE FAMILY HOMES

MEDIAN PROPERTY VALUES - CONDO/TIC

For past San Francisco market updates, please visit Vanguard Properties' archive.

Real Estate market in the San Francisco Bay Area is dynamic and ever-changing. Small nuances are usually a great factor to property values and their future growth. Please see the graph below for a snapshot of the market's general performance within the past five years and contact us with any questions or to request analysis tailored to your specific goals as there are always unique opportunities we can help realize.

TOP 5 - OCTOBER

TOP FIVE SALES - Single Family Houses

 2900 Broadway St | Pacific Heights   $32,000,000   $3,754/SQ. FT.  5 bed/6 bath  8,525 SQ. FT.

2900 Broadway St | Pacific Heights

$32,000,000

$3,754/SQ. FT.

5 bed/6 bath

8,525 SQ. FT.

 1266 Washington St | Nob Hill   $16,000,000   5 bed/5 bath

1266 Washington St | Nob Hill

$16,000,000

5 bed/5 bath

 2680 Green St | Cow Hollow   $12,900,000   $2,617/SQ. FT.  5 bed/6.5 bath  4,930 SQ. FT.

2680 Green St | Cow Hollow

$12,900,000

$2,617/SQ. FT.

5 bed/6.5 bath

4,930 SQ. FT.

 15 Presidio Ter | Presidio Heights   $7,600,000   $1,851/SQ. FT.  4 bed/3.5 bath  4,105 SQ. FT.

15 Presidio Ter | Presidio Heights

$7,600,000

$1,851/SQ. FT.

4 bed/3.5 bath

4,105 SQ. FT.

 2764 Greenwich St | Cow Hollow   $7,200,000   $1,331/SQ. FT.  6 bed/5.5 bath  5,410 SQ. FT.

2764 Greenwich St | Cow Hollow

$7,200,000

$1,331/SQ. FT.

6 bed/5.5 bath

5,410 SQ. FT.


TOP FIVE SALES - Condominiums

 188 Minna St #38A | Yerba Buena   $10,900,000   $3,399/SQ. FT.  3 bed/3.5 bath  3,207 SQ. FT.

188 Minna St #38A | Yerba Buena

$10,900,000

$3,399/SQ. FT.

3 bed/3.5 bath

3,207 SQ. FT.

 200 Brannan St #510 | South Beach   $4,315,375   $1,463/SQ. FT.  4 bed/4 bath  2,950 SQ. FT.

200 Brannan St #510 | South Beach

$4,315,375

$1,463/SQ. FT.

4 bed/4 bath

2,950 SQ. FT.

 990 Green St #5 | Russian Hill   $4,200,000   $1,400/SQ. FT.  3 bed/3 bath  3,000 SQ. FT.

990 Green St #5 | Russian Hill

$4,200,000

$1,400/SQ. FT.

3 bed/3 bath

3,000 SQ. FT.

 1333 Jones St #1210 | Nob Hill   $3,350,000   2 bed/2 bath

1333 Jones St #1210 | Nob Hill

$3,350,000

2 bed/2 bath

 638 Carolina | Potrero Hill   $3,200,000   4 bed/3 bath

638 Carolina | Potrero Hill

$3,200,000

4 bed/3 bath


One Cool Thing


San Francisco Headlines

November 16, 2018

Headlines by Alek Keytiyev San Francisco Realtor

WHAT YOU MISSED THIS WEEK:

Supervisors pass legislation to keep at-risk housing afloat

631 still missing in Camp Fire; death toll rises to 63

SF air quality 'very unhealthy' today

465-unit Executive Park tower closer to reality

Affordable Mission District development breaks ground


COMMUNITY

 

S.F. Supes throw lifeline to nearly 2,300 at-risk housing units

"San Francisco’s Board of Supervisors unanimously voted Tuesday to pass legislation to keep 2,298 housing units afloat that are at-risk due to the city’s current permitting process. A version of the law was introduced by Mayor London Breed in September, just two months after her inauguration, in hopes of addressing San Francisco’s sky-high housing costs by keeping the city on track to build at least 5,000 new homes each year, the mayor’s office said. This legislation extends the permitting deadline by 18 months for a subset of projects with grandfathered-in inclusionary rates set to expire in several weeks. Among these projects are 340 affordable housing units." 

CONTINUE READING ON BUSINESS TIMES 

More than 600 still missing in Camp Fire as death toll rises

"Update: Death toll count at 63. The missing persons list has jumped to 631. As the death toll rises in the continuing Butte County Camp Fire, search teams are still seeking the whereabouts of more than 100 missing persons. Cal Fire reported Wednesday night that investigators and fire crews have uncovered 56 civilian casualties, updating the count after discovering eight additional bodies during the day." 

CONTINUE READING ON CURBED 

San Francisco toxic air quality ‘very unhealthy’ today

"Following Thursday’s abysmal air quality in the Bay Area, brought on by the Camp Fire still roaring in Butte County, air quality in San Francisco will be worse today. The Environmental Protection Agency’s [EPA] AIRNow recorded air toxicity levels Friday morning with a score of 221 on its 500-point Air Quality Index [AQI]. This score is worse than Thursday’s number, which started out at 177 and ended at 211." 

CONTINUE READING ON CURBED


DEVELOPMENT PIPELINE

 

Executive Park Tower and New Condos Closer to Reality

"While the three-acre building site above The Cove at Candlestick Point was graded back in 2009, the approved development to rise up to 16 stories in height upon the undeveloped parcel has been on hold ever since. But next week,New Horizon Development is slated to reveal their revised designs for building 465 condos at 601 Crescent Way.As newly rendered by BDE Architecture, the 465 units, a mix of 165 one-bedrooms, 191 twos and 109 threes, would be spread across two building masses, with a pedestrian passage between a 16-story tower and an 8-story midrise, and parking for a total of 582 cars and 264 bikes in a garage below." 

CONTINUE READING ON SOCKETSITE

52 Concept Proposals for San Francisco’s Historic Piers

"The Port of San Francisco received 52 responses to their request for concept proposals from developers and tenants interested in redeveloping thirteen of San Francisco’s historic piers (which stretch from Pier 35 to Pier 48) along with the Agriculture Building adjacent to San Francisco’s Ferry Building. The 52 proposals, which range from a network of sports and entertainment facilities and workspaces for artists, to tech  incubators and innovation space, hovercraft facilities, hotel developments (which are currently prohibited on the piers), berths for super yachts and a Gateway to the San Francisco Dream." 

CONTINUE READING ON SOCKETSITE

Waylaid Mission District Development Breaks Ground Today

"...While the project has yet to break ground, the development has since been redesigned to fit 81 units within the same building envelope, by eliminating the previously approved 48-car garage and reducing the average size of the units...And this afternoon, the ceremonial groundbreaking for the seven-story building to rise at 490 South Van Ness, as newly rendered below, will be held and the development should be ready for occupancy in late 2020 with 20 of the units having been set aside for households that will be relocating from HOPE SF projects and the remainder to be offered to families that earn up to 60 percent of the Area Median Income (AMI)." 

CONTINUE READING ON SOCKETSITE


November 9, 2018

Headlines by Alek Keytiyev San Francisco Realtor

WHAT YOU MISSED THIS WEEK:

Town of Paradise destroyed as wildfire ravages Butte County

Prop 10 voted down by California

Updated Central SoMa Plan could be adopted this month

Plans for 24-unit development on Green Street have been drafted

Plans for 75-unit apartment development are in the works


COMMUNITY

 

Wildfire ravages Butte County, destroys town of Paradise [Updated]

"Update 10:15 p.m.: The fire is estimated around 20,000 acres with no containment. 'Pretty much the community of Paradise is destroyed, it’s that kind of devastation,' Cal Fire Capt. Scott McLean said Thursday evening, according KCRA. 'The wind that was predicted came and just wiped it out.' Tens of thousands of residents have evacuated the area, with some people holding babies and pets as they abandoned cars and escaped from the flames on foot. According to SFGate, 'The extent of the injuries and specific damage count was not immediately known as officials could not access the dangerous area.'" 

CONTINUE READING ON CURBED

Californians Vote Down Rent Control Expansion

"More than 61% of California voters Tuesday rejected Proposition 10, which would have expanded city authority over rent control measures. The proposition would have repealed the Costa-Hawkins Rental Housing Act, a 1995 law that restricts rent control measures." 

CONTINUE READING ON BISNOW


DEVELOPMENT PIPELINE

 

Plans to Save the Façade of Iconic North Beach Sausage Factory

"Built in 1948, the shuttered Buon Gusto Sausage Factory at 535 Green Street was once the largest sausage and salami producing facility in the west. The 8,600-square-foot building, which is in need of work and includes a 4,000-square-foot basement, sits on an 11,000-square-foot lot in the middle of North Beach. While the building has been identified as a potential historic resource, its parcel, which includes the adjacent parking lot, is zoned for development up to 40 feet in height, with housing allowed above the ground floor. And the property is now on the market with a $6.95 million price tag, touting “Great Development Potential!” Plans to redevelop the site have since been drafted. And as envisioned, a 4-story building would rise up to 40-feet in height across the site while preserving the façade of the historic Buon Gusto building, with 24 residential units over 6,500 square feet of new ground floor commercial space and a storage room for 21 bikes." 

CONTINUE READING ON SOCKETSITE

Amended Central SoMa Plan Could be Adopted This Month


"With over 100 proposed amendments having been made to the City’s ambitious Central SoMa Plan, including an allocation of up to $160 million to enhance and expand local transit,San Francisco’s Board of Supervisors could vote to formally adopt said plan by the end of this month with a first vote now tentatively scheduled for next week. If adopted by the Board, the Central SoMa Plan, which has been in the works since 2010 and could clear the way for the development of nearly 9,000 more homes and office space for over 30,000 employees, would then head to the Mayor for her signature. And if signed by the Mayor, the City’s Central SoMa Plan would go into effect 30 days later." 

CONTINUE READING ON SOCKETSITE

Plans for Nine-Story NoPa Development Progress

"The façade of the F. Lofrano & Son auto body garage at 1355 Fulton Street is currently slated to be saved. But plans to level the bulk of the 14,000-square-foot building are in the works. And as envisioned and newly rendered by SIA Consulting below, a 72,000-square-foot development could rise up to nine stories in height upon the NoPa infill site. While the 12,000-square-foot parcel is currently only zoned for building up to 65 feet in height, the project team is planning to leverage the State’s Density Bonus Program to achieve the additional 20 feet. And as such, the development would yield a total of 75 apartments, with a garage for 36 cars, a storage room for 75 bikes and a 2,100-square-foot retail space fronting Fulton Street." 

CONTINUE READING ON SOCKETSITE


MISCELLANEOUS

 

Election Results and Turnout in San Francisco (UPDATED)

"Based on a tally of 221,151 votes, which now includes all 102,345 ballots cast at polling places along with 118,806 of a potential 320,207 vote-by-mail ballots which had been processed prior to the election, here are the preliminary results for the real estate related ballot measures we’re tracking." 

CONTINUE READING ON SOCKETSITE


November 2, 2018

Local Headlines by Alek Keytiyev San Francisco Real Estate Agent Realtor

WHAT YOU MISSED THIS WEEK:

Supervisors cap the number of bars and restaurants in Mission

51-unit Polk Gulch development plans formalized

66-unit NoPa development slated for approval

Navigation Center to be replaced with affordable housing


COMMUNITY

 

San Francisco Trophy Office Tower Sells

"Lincoln Property Co. and Gemdale USA Corp.'s 500 Pine, an office building in downtown San Francisco completed in 2017, has sold... In May, the San Francisco Business Times reported that Heitman was close to buying the building for around $70M, or just under $1,250/SF. The 2017 sale of 222 Second St. holds the record per square foot sales price for an institutional office building in the city at $1,250/SF, The Registry reported in January. HFF did not report a sale price. The building is one of the newest office developments in San Francisco's North Financial submarket." 

CONTINUE READING ON BISNOW 

Supes cap number of restaurants and bars in San Francisco's Mission District

"The San Francisco Board of Supervisors unanimously approved a cap on the number of bars and restaurants in the Mission District Tuesday, one of a slew of new planning code amendments for the area. According to the new restrictions, the number of restaurants and bars may not surpass 167 establishments; right now, the neighborhood is reportedly already home to 143 spaces zoned as such." 

CONTINUE READING ON BUSINESS TIMES


DEVELOPMENT PIPELINE

 

These five megaprojects promise to transform chunks of the Bay Area

"...Bay Area cities and developers are working together on potentially transformative projects to add to the housing supply, take advantage of opportunities opening up on decommissioned military bases, or both." 

CONTINUE READING ON BUSINESS TIMES

Plans for New Polk Gulch Tower Formalized

"A formal application to raze the vacant two-story building at 925 O’Farrell Street, which had previously been home to Thai Stick Shabu Shabu, and develop a skinny 14-story tower upon its Polk Gulch parcel, which was secured for $3.6 million last year, has now been submitted to Planning. While draft plans for the site had envisioned a 15-story tower rising up to 150 feet in height, as rendered above with 51 condos over 1,000 square feet of ground floor retail space, the formally proposed project would rise to a height of 130 feet, the height for which the parcel is currently zoned." 

CONTINUE READING ON SOCKETSITE

SF’s first ever Navigation Center shut down to make way for affordable housing

"San Francisco’s first ever Navigation Center closed Wednesday to make way for an affordable housing project that will begin construction in December. The Board of Supervisors Budget and Finance Committee approved funding on Thursday for that project at 1950 Mission Street — a 155-unit affordable housing development for tenants earning no more than 60 percent of the area median income. Forty of the units will house homeless families." 

CONTINUE READING ON EXAMINER

Waylaid NoPa Development Slated for Approval, Again

"While waylaid by efforts to increase the percentage of below market rate (BMR) units the proposed six-story building to rise on the old Alouis Radiator shop turned Seismic Retrofitters parcel at 650 Divisadero Street would be required to provide, the project could be approved by San Francisco’s Planning Commission on November 8.The development, which has been in the works since 2013, would yield 66 apartments, a mix of 12 studios, 9 one-bedrooms, 31 twos and 14 threes, over 3,500 square feet of ground floor commercial space and an underground garage for 26 cars." 

CONTINUE READING ON SOCKETSITE

City Bracing for Lawsuit over Adoption of Its Central Soma Plan

"While San Francisco’s Board of Supervisors have upheld Planning’s certification of the City’s framework to mitigate the projected environmental impacts of its ambitious Central SoMa Plan, it has yet to formally adopt said Plan, the vote for which was anticipated to occur last month. If adopted by the Board, the Central SoMa Plan, which has been in the works since 2010 and could clear the way for the development of nearly 9,000 more homes and office space for over 30,000 employees, would then head to the Mayor for her signature... Next week, San Francisco’s Land Use and Transportation Committee will meet behind closed doors with the City Attorney, “regarding anticipated litigation in which the City would be a defendant,” litigation which is specifically related to the adoption of the City’s Central South of Market Area Plan." 

CONTINUE READING ON SOCKETSITE


MISCELLANEOUS

 

‘Eye of Sauron’ appears on Salesforce Tower

"As the sun set on Halloween, the video art display high atop Salesforce Tower ditched its usual routine in favor of a giant red eye, lidless and wreathed in flame—the spitting image of the Eye of Sauron featured in JRR Tolkien’s The Lord of the Rings and its mega-popular film adaptations. In October, a petition organized by San Franciscan Quinn Reilly first pitched the idea of a Tolkien topper for the city’s tallest building, attracting over 10,000 signatures." 

CONTINUE READING ON CURBED


October 26, 2018

Local Headlines by Alek Keytiyev San Francisco Real Estate Agent Realtor

WHAT YOU MISSED THIS WEEK:

DoorDash expands in SF with massive SoMa lease

392-unit development, Mira SF kicks off pre-sales

108-unit BMR development positioning to break ground

New budget announced for 157-unit BMR development in Mission


COMMUNITY

 

DoorDash snaps up massive SoMa lease

"DoorDash has expanded its San Francisco footprint with a massive long-term lease in the South of Market neighborhood. The on-demand food delivery service has signed a lease for 193,000 square feet at 303 2nd St., a source with knowledge of the deal confirmed." 

CONTINUE READING ON CURBED


DEVELOPMENT PIPELINE

 

Exclusive: Transbay condos kick off pre-sales starting under $1 million

"A new condo complex at the corner of Spear and Folsom streets is about a year away from welcoming future residents, but would-be buyers are already snapping up homes.Pre-sales for Mira, a 392-unit condo project in the Transbay district, started this week with a release of 32 homes. More than three dozen offers came in over a few days — before developer Tishman Speyer even started signing contracts with prospective buyers." 

CONTINUE READING ON BUSINESS TIMES

The Latest Budget and Timing for 157 Affordable Apartments to Rise

"The financing to build 157 below market rate (BMR) rental units upon the former Phoenix Continuation High School site turned Mission District Navigation Center at 1950 Mission Street is now expected to close sometime between mid-November and December 15. The ground is expected to be broken within 10 days of the closing and construction is slated to be completed by December 31, 2020." 

CONTINUE READING ON SOCKETSITE

Redevelopment of Iconic Tenderloin Site Positioning to Break Ground

"The building permits for the approved eight-story building to rise on the northwest corner of Turk and Larkin, upon the site of the iconic Kahn & Keville tire and battery shop in the Tenderloin, are close to being issued... Once the ground is broken ,the 500 Turk Street building, which will be managed and owned by the Tenderloin Neighborhood Development Corporation (TNDC),should take a little under two years to complete and will yield 108 below market rate (BMR)units (a mix of 22 studios, 30 one-bedrooms, 42 twos and 14 threes) over 2,700 square feet of new retail space on the corner, as newly rendered by David Baker Architects." 

CONTINUE READING ON SOCKETSITE

Old Presidio Burger King set for demolition

"On Wednesday, the Presidio Trust announced that on November 15 it will demolish a former Burger King in the Presidio, razing the Army building turned fast food joint in favor of a better view and increased access to open space for park goers." 

CONTINUE READING ON CURBED


MISCELLANEOUS

 

San Francisco supervisors take swipe at Transbay transit center agency, withhold critical funding

"The city of San Francisco voted to withhold nearly $10 million in funding for the agency in charge of the Salesforce Transit Center, citing the project’s mismanagement and the need for an evaluation of current finances and governing structure before releasing the money. The money would fund studies related to the project’s second phase, which would connect the $2.2 billion terminal, which now only serves buses, to Caltrain and High-Speed Rail." 

CONTINUE READING ON BUSINESS TIMES


October 19, 2018

Headlines by Alek Keytiyev San Francisco Realtor Real Estate Agent

WHAT YOU MISSED THIS WEEK:

Though Transit Center is still closed, Fremont Street reopens

Lower Nob Hill development could be approved this week

115-unit development in Tenderloin moving ahead

Supervisors approve India Basin housing development

Large apartment development in SoMa planned


COMMUNITY

 

Fremont Street reopens, Transit Center still closed

"The section of Fremont Street underneath the damaged Salesforce Transit Center will be open to through traffic again today (Monday), but the center itself remains closed and bus traffic will continue rerouting to the temporary transit center around the block. SFMTA has diverted Fremont Street traffic between Mission and Howard ever since the discovery of cracks in critical support beams holding up the structure overhead in late September." 

CONTINUE READING ON CURBED


DEVELOPMENT PIPELINE

 

Bigger Cut for Approved Development in the Trendyloin

"...And with the aforementioned building permit having since been approved, the list price for the 430 Eddy Street parcel and plans has just been reduced to $2.998 million or roughly $130,000 per entitled studio unit, “in [the] up and coming Tenderloin District…on a trendy block,” not including the value of the development’s 931-square-foot commercial space fronting Eddy." 

CONTINUE READING ON SOCKETSITE

Downsized Development in the Tendernob Slated for Approval


"Plans to raze the “fully remodeled Single-Family Home with all the bells and whistles” at611 Jones Street, which was purchased for $3 million in 2015, and build up to 90 feet in height upon the narrow Lower Nob Hill site, a block from its border with the Tenderloin, could be approved this week.Plans to develop a ten-story building, with nine (9) condos over a two-car garage on the parcel, were approved by the City back in 2001 but were subsequently abandoned and more recent plans for a 13-story, 12-unit building to rise up to 130 feet in height on the site have been abandoned as well." 

CONTINUE READING ON SOCKETSITE

Supes reject environmental appeals, approve India Basin housing development

"The Board of Supervisors unanimously approved a more than 1,500 unit housing development with parkland and commercial space in India Basin Tuesday after rejecting appeals of the project. The board voted 10-1 to reject the two appeals of the environmental impact report, challenging its adequacy under the California Environmental Quality Act. Supervisor Sandra Fewer, the lone dissenting vote, had suggested further review was needed to examine other measures to address air quality concerns." 

CONTINUE READING ON EXAMINER

Plans for 115-Unit Building in the Tenderloin Move Ahead


"While the two-story garage at O’Farrell Street has been identified as a contributor to the Uptown Tenderloin Historic District, the team behind a proposed 13-story development to rise up to 130 feet in height upon its parcel are pushing ahead...The building as envisioned would yield 115 apartments, a mix of studios and one-bedrooms, over a new 21-car garage, lobby, leasing office and retail space fronting O’Farrell." CONTINUE READING ON SOCKETSITE

Bigger Cut for Approved Development in the Trendyloin

"...And with the aforementioned building permit having since been approved, the list price for the 430 Eddy Street parcel and plans has just been reduced to $2.998 million or roughly $130,000 per entitled studio unit, “in [the] up and coming Tenderloin District…on a trendy block,” not including the value of the development’s 931-square-foot commercial space fronting Eddy." 

CONTINUE READING ON SOCKETSITE 

Supes reject environmental appeals, approve India Basin housing development

"The Board of Supervisors unanimously approved a more than 1,500 unit housing development with parkland and commercial space in India Basin Tuesday after rejecting appeals of the project. The board voted 10-1 to reject the two appeals of the environmental impact report, challenging its adequacy under the California Environmental Quality Act. Supervisor Sandra Fewer, the lone dissenting vote, had suggested further review was needed to examine other measures to address air quality concerns." 

CONTINUE READING ON EXAMINER 

Bonus Plans for Central SoMa Gas Station Site (And More)

"...Instead, plans to level both the gas station and the adjacent Speedway Digital Printing building at 475 4th Street have been drafted. And as newly pitched to Planning, the parcels would be merged and a 20-story development would rise up to 209 feet in height on the site, leveraging California’s Density Bonus Law to build above the site’s 130-foot limit. The development as envisioned would yield 280 apartments, a mix of 168 one-bedrooms and 112 twos, over 5,600 square feet of replacement Production, Distribution and Repair (PDR) space at the corner of 4th and Stillman and a basement garage for 36 cars and 147 bikes." 

CONTINUE READING ON SOCKETSITE 

Monster Planning Commission Meeting in the Mission Next Month

"With the legal battle between the family that held title to the 1979 Mission Street parcel and the development team behind the proposed 331-unit project to rise up to ten stories on the corner site having been resolved and plans for the so-called “Monster in the Mission” having quietly been put back in play, San Francisco’s Planning Commission will be traveling to the Mission next to hold a special public hearing... In addition to the 331 residential units, the proposed development would also yield over 32,000 square feet of new ground floor retail space, a garage for 163 cars and 162 bikes, and various streetscape and plaza improvements." 

CONTINUE READING ON SOCKETSITE 

A Little Laurel Heights Infill Project

"Purchased for $3.425 million last year, plans to level the little medical office building at 3641-3643 California Street, which is home to Golden Gate Pediatrics, across from CPMC’s 5-acre California Hospital Campus (which is to be razed and redeveloped as well), are in the works. As designed by DMARC studio, a contemporary four-story building could rise up to 40 feet in height across the Laurel Heights site, with seven condos, including five three-bedroom units, over a seven-car garage and a 700-square-foot retail space fronting California Street." 

CONTINUE READING ON SOCKETSITE


October 12, 2018

Headlines by Alek Keytiyev San Francisco Real Estate Agent Realtor

WHAT YOU MISSED THIS WEEK:

SF easing onerous approval process for in-law units

Construction has begun on Muni's rapid project

Plans for 129 apartment development in Mission District revealed

New timing announced for massive Balboa Reservoir project

Residential care facility now planned for Van Ness Corridor site 


COMMUNITY

 

City easing onerous approval process for accessory dwelling units

"San Francisco’s program to permit accessory dwelling units, or in-law units, has resulted in just 81 new homes, a low rate city officials are keenly aware of, and trying to fix. The low number of units is blamed primarily on the onerous process applicants have had to go through and the challenges associated with fire codes of building units within old buildings. A Civil Grand Jury report issued in July identified the challenges and recommended fixes — most of which city departments have or will implement — and that was followed by a directive from Mayor London Breed issued on Aug. 30 to streamline permitting and clear the backlog. " 

CONTINUE READING ON EXAMINER 

Construction kicks off on first phase of Muni's 38-Geary Rapid Project

"Construction has begun on the first round of improvements to speed up Muni's 38-Geary bus route, including the discontinuation or relocation of several bus stops. The first phase of the long-awaited Geary Rapid Project will install nearly two miles of transit-only lanes running both east and west between Stanyan and Gough streets, with the goal of speeding service for the line's estimated 54,000 daily riders." 

CONTINUE READING ON HOODLINE


DEVELOPMENT PIPELINE

 

Big Plans for Conspicuous Mission District Site Revealed

"...And while it doesn’t appear that a sale has occurred, big plans to redevelop the site have been drawn and submitted to Planning for review. As newly rendered by Ian Birchall and Associates, the 9-story development would rise up to 84 feet in height as envisioned, with 129 apartments over 6,400 square feet of ground floor retail space spread across four storefronts fronting Mission and 22nd, a 1,600-square-foot “community space,” and a basement garage for 30 cars and 121 bikes with its entrance on Barlett Street, to which the development would extend. While the fenced-off2588 Mission Street parcel is only zoned for development up to 65 feet in height, the project team is proposing to leverage California’s Density Bonus law for the additional height and density and without which under 100 units could be built." 

CONTINUE READING ON SOCKETSITE

New Plans for a Prominent Van Ness Corridor Site

"Plans to raze the former KRON TV building at 1001 Van Ness Avenue and develop a 14-story building, with 239 condos over 5,000 square feet of retail space fronting Van Ness, were approved two years ago but never broke ground. But that doesn’t mean there hasn’t been any behind the scenes movement with respect to redeveloping the site. In fact, both demolition and building permits for the site have been requested. But the previously approved plans have been scrapped. Instead, Oryx Partners is now planning to build a residential care facility on the Cathedral Hill site, with 247 assisted living units for seniors over 8,200 square feet of ground-floor retail space, the new plans for which are working their way through planning. We’ll keep you posted and plugged-in." 

CONTINUE READING ON SOCKETSITE

Refined Timing for Proposed Balboa Reservoir Redevelopment

"According to a draft Fiscal Responsibility report for the massive Balboa Reservoir project, the projected $560 million development, a total which doesn’t include the price of the land or community benefits which have yet to be negotiated, could break ground 'as early as 2021'... As such, the first wave of the development’s proposed 1,100-ish residential units could be ready for occupancy as early as 2023 with a second wave following two years later, 'depending on market conditions.'" 

CONTINUE READING ON SOCKETSITE


ETCETERA

 

SF weekend events: Dogs, fireworks and a whole lot of festivals

"Hopefully you have some gaps in your weekend plans, because there's great food, live music, fireworks and puppy cuddles all headed your way. Here's our top picks for some of the entertainment options in town this weekend." 

CONTINUE READING ON HOODLINE


 

Prepared by: VANGUARD PROPERTIES - FORWARD THINKING REAL ESTATE