SAN FRANCISCO | Projects: Under Construction, Approved, and Proposed

[Jerry of San Fran]

Originally Posted by alpallord

Delayed. One oak on the market due to rising costs.

https://www.bizjournals.com/sanfrancisco...oak-condo-tower-build-sale-van-ness.html

Thanks alpallord for the news. Disappointing news! The question is now what will be built there?

[pseudolus]

Originally Posted by Jerry of San Fran

Thanks alpallord for the news. Disappointing news! The question is now what will be built there?

The article is behind a paywall. Am I the only one who doesn't subscribe? I can only see the first sentence: "A site approved for a 40-story condo tower that would be one of the tallest outside of downtown San Francisco is being marketed for sale."

That in itself, while discouraging, doesn't sound catastrophic. Are there other details?

[Pedestrian]

^^Check your PM inbox

[pseudolus]

Originally Posted by Pedestrian

^^Check your PM inbox

Got it, thanks!

[Pedestrian]

Originally Posted by pseudolus

I can only see the first sentence: "A site approved for a 40-story condo tower that would be one of the tallest outside of downtown San Francisco is being marketed for sale."

That in itself, while discouraging, doesn't sound catastrophic. Are there other details?

On request:

San Francisco-based developer Build is now looking to sell the project amid rising construction costs and fees, according to four sources tracking the project.

Lou Vasquez, founder of Build, declined to comment on One Oak. He said development was becoming more difficult throughout San Francisco.

"High construction costs and rising fees and exactions are making all residential projects difficult to finance," he said.

[ozone]

^^^ doesn’t seem to be insurmountable problems for many other developers. It’s so typical to shift the blame of one’s failure to others. I’ve seen this happen over and over again regardless of city or economy.

[Jerry of San Fran]

950 Market Development - went by today & see that a plywood fence is up - looks like the demolition work may be imminent. Almost the whole block will be demolished for this one.

[coyotetrickster]

Originally Posted by Pedestrian

On request:

Well, without access to Build's financials, there are lots of things one could speculate about why the company arrived at this decision. Several big LA projects that were financed with Chinese money are now on hold, so it could have been financing. Related is moving forward on 1500 Mission because of city-guarantees for the office component, and Related has a much stronger history of delivering projects (except for the Gerhy project in dtla). Or, the cost of construction could have exceeded the rate of return (RoI), Or would have required a per unit cost that is no longer feasible in this market. Well, at least we still have the donut shop...

[pseudolus]

Originally Posted by coyotetrickster

Well, without access to Build's financials, there are lots of things you could speculate. Several big LA projects that were financed with Chinese money are now on hold. Related is moving forward on 1500 Mission because of city-guarantees for the office component and Related has a much stronger history of delivering projects (except for the Gerhy project in dtla).

Has Build ever done a high-rise? Maybe they're in over their heads?

http://bldsf.com/projects/

I suppose it's true, but it's odd that nobody else has reported this or even noted that bizjournal did.

[timbad]

Originally Posted by Jerry of San Fran

950 Market Development - went by today & see that a plywood fence is up - looks like the demolition work may be imminent. Almost the whole block will be demolished for this one.

please let that one get going. that'll make a trio in the area, with the other one down at 1066 Market and this one on Eddy and Taylor:

[timbad]

the cluster on the north slope of Potrero Hill...

almost the entire block between 18th and Mariposa, Arkansas and Carolina



17th and Arkansas





across Arkansas, a very tidy excavation



16th and Carolina

[timbad]

a week old now, but the office building on Townsend



so now there is a little island of sidewalk on the north side of Townsend



100 Hooper, from the train...



...and the sidewalk



Hooper St itself, with a bona fide sidewalk now



855 Brannan is all wrapped up. 8th St side



Brannan side



corner



mid-block passage. I thought retail was supposed to be part of this, but either I remember wrong or they changed plans



Flax site on Market



affordable element of 55 Laguna



hotel on Townsend. I think this might be a case where the renderings looked better than reality



east slope of Potrero Hill





Indiana St in Dogpatch

[pseudolus]

Another, more general, piece about rising construction costs, this one not behind the paywall.

https://www.bizjournals.com/sanfrancisco...-costs-killing-new-bay-area-housing.html

[fimiak]

Posting these here since I can no longer post in the 33 Tehama thread. The rooftop is now open.

[timbad]

100 Hooper again... gratifying to see that we will get Channel Street back on the northern side, which Recology had occupied/blocked off for some time



(ah, I'd forgotten there had been an arrangement with the City related to that a few years ago: the City give half the right-of-way on Channel to Recology in exchange for some land next to a park in the far SE area of SF)

and overall will feel different just to have more regular streets and sidewalks on that side of Seventh. couple other shots since we are here...

[timbad]

Originally Posted by Jerry of San Fran

950 Market Development - went by today & see that a plywood fence is up - looks like the demolition work may be imminent. Almost the whole block will be demolished for this one.

here the visual...

[timbad]

OK, the hotel on Third and Townsend doesn't look as bad as I first thought

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[timbad]

forgot if we've mentioned that this little project on Sixth near Harrison is underway



Third and 19th in Dogpatch



here comes 1395 22nd St



Tennessee St

[1977]

Thanks, timbad. It's great to see that some of these infill projects (363 6th, 950 market, etc) are getting started. 950 Market should have a huge impact on the area.

[1977]

Phase 1 of Pier 70 is breaking ground:

The transformation of Pier 70 from a long-shuttered maritime industrial complex to a lively mixed-use waterfront community will kick off Thursday at a groundbreaking with the normal mix of political speeches and platitudes.

But in this case the ceremony won’t be pure pageantry: When the elected officials leave with their gold-plated shovels, the real work will begin immediately, according to Jack Sylvan, senior vice president with developer Forest City.

With unprecedented speed, Forest City will mobilize workers this month on the first phase of one of the city’s most anticipated new developments: the 28-acre bayside enclave that will eventually include 1,100-2,150 residential units and more than 1 million square feet of commercial space, with local retail and services, arts and light industrial space, and a new waterfront arts facility.

Phase one will consist of four buildings, one park, new utilities, and two new streets connecting Dogpatch and the waterfront. Ten feet of dirt will be added to most of the site to protect against sea-level rise. The frame of one hulking steel building, Building 15, will be taken apart and then reassembled on its old site to provide a historic industrial gateway that folks walking or biking along 22nd Street will pass through on the way to a new bayfront park, to be called Slipway Commons.

Other phase one buildings include a 275,000-square-foot new office building; a new, 280-unit residential complex; and a 120-unit apartment building to be constructed within the shell of Building 2, a four-story concrete structure. Forest City is hoping to have all four buildings complete by the middle of 2021

https://www.sfgate.com/bayarea/article/Pier-70-s-transformation-gets-underway-at-12902232.php

Pier 70 project page and some renderings