SAN FRANCISCO | Parcel F (Transbay) | 800 FT | 64 Floors

[Pedestrian]

^^Remind me: Does it have a Prop. M allocation or will actual construction need to wait for one? I didn't have alnallocation as of April:

(The) Transbay district tower that would fund more than 300 affordable housing units at no cost to the city could be held up for years, a potential victim of San Francisco’s cap on the approval of new office space and the flood of big South of Market projects lining up for permits.

At 806 feet, 546 Howard St. would be the city’s fourth-tallest tower and the last major high-rise in the Transbay district, the former industrial area that now hosts the city’s tallest neighborhood.

The project has been in the works for three years and would include a 190-room five-star hotel, 165 market-rate condos and 325,000 square feet of office space, which has already been fully leased to the cloud computing giant Salesforce.

To fulfill its affordable housing requirements — the Transbay neighborhood plan requires that 40 percent of units in the area be below market rate — developers Hines, Urban Pacific and Goldman Sachs will fund the construction of 337 affordable units two blocks east on the south side of Howard Street, between Beale and Main streets. That project, which would be built by the nonprofit Mercy Housing, would also include 181 market-rate apartments.


But proposed office projects must compete for approvals under Proposition M . . . .

https://www.sfchronicle.com/bayarea/...g-13745953.php