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

[peanut gallery]

CurbedSF has new renderings of the Whole Foods/condos at Market and Dolores:






Source for all of the above: CurbedSF.

[fflint]

The Whole Foods project is going to change my neighborhood, and make my daily bike commute through that intersection more hectic (motorists love to double and triple park near stores), but damn--it sure looks good, huh?

[peanut gallery]

Definitely! I love the way they've broken it down into different sections to keep the scale in check: big and bold on Market stepping down to smaller and more austere on 14th.

[BTinSF]

Friday, May 28, 2010
Third St. on track
Light rail produces burst of new housing
San Francisco Business Times - by J.K. Dineen

Hundreds of new housing units are springing up at Third and Carroll streets in San Francisco’s Bayview District, evidence that the T-Third light rail is finally pumping new investment to the long-isolated neighborhood.

Construction will wrap up in June on the first two buildings of Holliday Development’s 5800 Third St., a $75 million 140-unit condo development that includes a 15,000-square-foot Fresh & Easy grocery store. Down the block at 5600 Third St., Bridge Housing is finishing up the 124-unit Armstrong Place townhomes, below market rate for-sale units, as well as an affordable 116-unit senior apartment complex. Those projects should also finish in June. Together those projects represent a $101.2 million investment, according to Bridge Housing.

Meanwhile, Holliday has reached a deal with the nonprofit Delancey Street Foundation to open a Crossroads Cafe in another retail space at 5800 Third St., similar to the restaurant the group runs in the South Beach neighborhood. Delancey Street owns a 300,000-square-foot training facility and warehouse that sits between the Bridge Housing project at the Holliday complex.

“You’re looking at 1,000 people moving into this block in the next year. And a grocery store. And a Crossroads Cafe. This place will be radically different than it is today,” said Rick Holliday, president of Holliday Development . . . .

The 5800 Third St. project is the first two buildings of a 340-unit, four-building redevelopment of a former Coca-Cola bottling plant site. Holliday said they are close to selling part of the property to the San Francisco Redevelopment Agency for $7.5 million. The agency is working with nonprofits to develop a senior center and 121 units of affordable senior housing . . . .

For now it seems the next wave of housing along Third Street will take a while . . . .

Source: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/05/31/story3.html

[1977]

I love that new "Whole Foods Condo" design. These 6-8 story buildings along Market/Octavia are really exciting...almost more so than some of the highrise developments. I would love to see some dirt moving on a few of these (WF condo, the Arquitectonica building at the old 76 station, Saitowitz's building at the mouth of Octavia, etc.) in the next year or so. Fingers crossed.

[1977]

More renderings:





Source:http://www.socketsite.com/archives/2010/...eality_at_least_in_terms_o.html#comments

[dr_strangelove]

It looks like a mini adorable Arterra.

[timbad]

Originally Posted by BTinSF

PS: I AM internationally renowned. There's a conductor with the same name as me--a friend brought me a concert poster from one of his performances in Paris.

ah, that's why you are BTinSF on this forum, so we won't get you confused!

[BTinSF]

Here's why I don't think we are going to see any major new office construction in San Francisco for a very long time (most especially including the TransBay Tower):

A downtown San Francisco office building that sold for $400 a square foot in 2006 has traded for just $172 a square foot, a 57 percent decline that industry experts see as an important milestone in establishing new, recession-era values for financial district property.



A private equity fund controlled by an unidentified “domestic billionaire” has paid $19.9 million for 250 Montgomery St., a 116,000-square-foot building on the corner of Pine Street that Lincoln Property Co. bought for $46 million in 2006. Technically, the buyer bought the note on the building, rather than the property itself. Under the sales agreement the lender on the property, Finance Realty Corp., will deed 250 Montgomery St. to the buyer in lieu of foreclosure. Lincoln Property was in default on the property.

The sale, at a price that represents about 25 percent of replacement cost, represents the first San Francisco office building sale in a year. It is also the first “round trip” transaction where a property went from being sold at the peak of the market to deed in lieu of foreclosure to a new owner. Colliers International Executive Vice President Tony Crossley said the price “gives the market a data point it has been lacking.”

“This gives a benchmark that other owners and lenders can point to as saying this is what real estate is now worth in San Francisco . . . .

Source: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/07/06/story1.html?t=printable

If you can buy office buildings for 1/4 what it costs to build them, why would anybody build?

[colemonkee]

^ I think the most important part of that article is "deed in lieu of foreclosure to a new owner." This was essentially a commercial short sale, which is an indication of the valley in terms of commercial prices. Short sales are purposefully undervalued force a sale. It's an indication of the specific condition of the previous owner's financials, not necessarily an indication of overall market values, which should go up once the over-leveraged owners are flushed out of the market.

However, that process may take some time, especially if a lot of buildings changed hands at the commercial peak.

[migol24]

hey folks. i'm a new california resident and i've just moved from austin, texas. right now i'm in modesto but i'm trying to move to san francisco. unfortunately it's a little troublesome commuting to san francisco back and forth to modesto just to find a job. so i probably need to stay there for about a week or so.... sooooo i'm wondering if there are any hostels in san francisco that can help me out for a few days till i find a job.

sorry i don't know where else to ask about this.

[mahanakorn]

[QUOTE= sooooo i'm wondering if there are any hostels in san francisco that can help me out for a few days till i find a job.

[/QUOTE]

Wish you all the best. Some of these places are really spectacular!
http://www.norcalhostels.org/

[migol24]

Originally Posted by mahanakorn

Wish you all the best. Some of these places are really spectacular!
http://www.norcalhostels.org/

much appreciated! i'm looking forward to it.

[dr_strangelove]

Originally Posted by migol24

much appreciated! i'm looking forward to it.

Welcome to SF- We need more people who move here and then look for a job (those that want to be here) instead of those who move here because of their job

[BTinSF]

Originally Posted by migol24

hey folks. i'm a new california resident and i've just moved from austin, texas. right now i'm in modesto but i'm trying to move to san francisco. unfortunately it's a little troublesome commuting to san francisco back and forth to modesto just to find a job. so i probably need to stay there for about a week or so.... sooooo i'm wondering if there are any hostels in san francisco that can help me out for a few days till i find a job.

sorry i don't know where else to ask about this.

Have you considered AMTRAK's San Joaquin? Six trains a day each way--takes about 2.5 hours each way from Modesto to downtown SF (you get off in Emeryville, then ride an AMTRAK bus to several downtown locations): http://www.amtrak.com/servlet/ContentServer/AM_Route_C/1241245650084/1237405732511

[migol24]

Originally Posted by dr_strangelove

Welcome to SF- We need more people who move here and then look for a job (those that want to be here) instead of those who move here because of their job

hey thanks! i see what you're saying but man... it would be so easier if i moved here with a job already waiting for me can't wait to see what this city has to offer for me

[migol24]

Originally Posted by BTinSF

Have you considered AMTRAK's San Joaquin? Six trains a day each way--takes about 2.5 hours each way from Modesto to downtown SF (you get off in Emeryville, then ride an AMTRAK bus to several downtown locations): http://www.amtrak.com/servlet/ContentServer/AM_Route_C/1241245650084/1237405732511

i actually came that way!!

[BTinSF]

Design Scoop: One (1) Franklin Closer To Reality

A plugged-in tipster delivers Forum Design’s rendering for 1 Franklin at the corner of Page.



Once again, an eight-story mixed-use development of 35 residential units over 2,378 square feet of ground floor retail and 18 parking spaces as proposed.

And as the corner currently appears:

Source: http://www.socketsite.com/archives/2010/06/one_1_franklin_rendered_as_proposed.html

BIG plus for that corner IMHO.

[Gordo]

Huge plus for the corner. It will be nice to see that parking lot finally disappear.

[peanut gallery]

Imagine this intersection with this and 1600 Market. It would be a huge transformation.