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Old April 4th, 2015, 03:23 AM   #1
desertpunk
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Massive 350-Foot Residential Tower Proposed for Central SoMa



Quote:
The Central SoMa boom spurred by rezoning that allows the construction of tall, tall buildings has gotten another boost with the filing of a Preliminary Project Assessment for a 37-story residential tower at the corner of Fourth and Brannan streets. The building would sit right across the street from the Caltrain station and amid a flurry of new activity, including the Flower Mart office towers and a pair of residential towers on what is now the Creamery. The latest proposal soars well above the 250-foot cap for the area and calls for 427 units in a Solomon Cordwell Buenz-designed structure.

The site is currently home to two squat buildings that hold a wine store, a coffee shop and a billboard. All would be demolished. There isn't yet a big name developer like Kilroy Realty or Tishman Speyer, the developers behind nearby projects, attached to this site.
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Last edited by desertpunk; April 4th, 2015 at 03:29 AM.
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Old April 8th, 2015, 02:54 AM   #2
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a family trust called Solbrach Property Group filed plans to build a 350-foot residential highrise with 426 units at 4th and Brannan Streets. Around that block, huge office and residential projects by CIM Group and Tishman Speyer will transform the industrial area that is being rezoned.

The Board of Supervisors is expected to green light the rezoning by early next year. That will unlock huge value for landowners to build taller office or residential buildings, which would replace the existing — and less lucrative — production, distribution and repair buildings. That value has created pressure for the city to extract enough money from developers for affordable housing, which I detailed in a February cover story.

Even though the Solbrach residential development is in the very early stages, it could turn into a showdown over heights. The proposed tower will sit on a plot that's only 16,000 square feet, so it's not one of the largest in the neighborhood. The Planning Department only wants the building to be 250 feet high — at most — and neighborhood activist John Elberling echoes that sentiment.

"Jamming a luxury highrise into there really is too much. We want to focus development of that maximum scale — residential or commercial — on the large sites in SoMa that are at least one acre in size," said Elberling, who runs the affordable housing advocacy group TODCO.

The Planning Department recently published guidelines for large development sites "that offer tremendous potential for transformative new development." In its guidelines for how high developers can build, it reiterates that "the predominant character of SoMa as a mid-rise district should be retained," instead of it becoming a slew of highrises.
http://www.bizjournals.com/sanfranci....html?page=all
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Old April 8th, 2015, 03:02 AM   #3
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