Tishman Speyer pushed forward with their plans for two modern towers to rise up to 420 feet in height on the northeast corner of 4th and Townsend, stretching across seven Central SoMa parcels, which now include 960 condos, a 38-room boutique hotel and 24,500 square feet of commercial space over an underground garage for 276 cars and 18,500 square feet of ground floor retail space wrapped around a central courtyard.
Developer Strada Investment Group LLC has secured $100 million in funding for a massive six-building project near Mid-Market and Hayes Valley.
Straddling 2 acres and nearly the full block at 12th and Market Streets, the site will include about 480 market-rate rental units and 100 affordable units, a new hall for UA Local 38 Plumbers & Pipefitters and a gut renovation of the Civic Center hotel — plus 23,000 square feet of open space to boot. The project is unusual in its mix of supportive affordable housing for formerly homeless individuals and market-rate homes.
Developers will transform four acres of parking lots and vacant buildings at 5th and Mission streets with two new towers, a 200-foot apartment building, two parks and renovated historic buildings. The project includes 702 residential units on site and helps fund another 154 affordable units nearby.
5M will generate more than $76 million in public benefits, including funding for affordable housing, transit improvements, the arts and community groups. Those contributions enabled the controversial project to win city approval in 2015.
The project proposes to demolish the existing four buildings and construct three new mixed-use/office buildings and one new residential building with a total of 922,737 square feet of office use, approximately 65,322 square feet of PDR/retail use, 5,546 square feet of child care use, 63,824 square feet of residential use, approximately 200 off-street below-grade parking spaces, and approximately 19,336 square feet of privately-owned public open space (POPOS).
This project is the first of 4 large sites to be constructed in the Central Soma area.
With the lease for the SoMa McDonald’s at Third and Townsend expiring in January 2017, San Francisco’s Planning Commission is now slated to approve the plans for an eleven-story hotel to rise on the 701 3rd Street site early next month. As proposed by Stonebridge Companies, a Colorado-based hotel development and management company, and designed by Stanton Architecture, the 105-foot-tall building would yield 230 hotel rooms and 2,000 square feet of retail space on the corner, with an underground garage for 14 cars.
IBEW Local 6 Mentoring Program
Local 6 is starting a Mentoring Program to help incoming members joining the Inside Wireman and Sound & Communications programs. Your knowledge of the industry, the Union and past practices needs to be shared with these new members.We are looking for volunteers and ideas from experienced members willing to reach out and mentor those who are new to this industry. Please respond to email@example.com if you can help.