April 23, 2014
Polk Street Parking Lot Shuttered, Apartments Ready To Rise
The parking lot on the 101 Polk Street parcel has been shuttered, its kiosk razed, and the heavy equipment should soon appear to start preparing the site on the northwest corner of Polk and Hayes for the 13-story building with 162 rental units over a subterranean garage to rise.
New Home Sales Tumble While Inventory Jumps
The seasonally adjusted annual pace of new single-family home sales in the U.S. dropped to 384,000 in March, down 14.5 percent from the 449,000 pace as measured in February and 13.3 percent lower on a year-over-year basis. At the same time, the inventory of new single-family homes for sale in the U.S. is up 25 percent, year-over-year.
The pace of new single-family home sales as measured in March has averaged 656,000 over the past 50 years and peaked at 1,328,000 in 2005.
A Swing And A Miss For The Oakland A's Proposed Lease Extension
Having pitched a proposed 10-year lease extension for the Oakland Coliseum, the Oakland A's have rejected the terms offered by the Oakland-Alameda County Coliseum Authority yesterday, saying little more than the deal "did not address all of [their] issues."
Going, Going, And Nearly Gone On Cathedral Hill
As a plugged-in reader reports, there's not much left of the old Jack Tar/Cathedral Hill Hotel and the block should be cleared by the end of the month (click image to enlarge), making room for CPMC's Cathedral Hill Hospital to rise.
April 22, 2014
Five Teams Competing To Design A New Gateway To The Presidio
Twenty-five teams responded to a request for qualifications to design 10 acres of new parkland in the Presidio which will connect the Presidio's Main Post with Crissy Field, the Presidio Gateway project, and the Presidio Trust has just announced the finalists.
The Gateway project also includes three acres of newly designed parklands adjacent to the Crissy Field Center, including facilities and grounds for youth programs.
The final five teams, their pitches, and examples of their work (which includes the High Line in New York, Tongva Park in Santa Monica, and Waller Creek in Austin):
1. CMG Landscape Architecture (San Francisco)
2. James Corner Field Operations (New York)
3. OLIN (Philadelphia/Los Angeles)
4. SNØHETTA (Oslo/New York /San Francisco)
5. West 8 Team (Rotterdam/Brussels/New York)
Each of the teams will be awarded a $25,000 stipend to develop its proposal over the next two months and their designs will be presented to the public in the fall. And speaking of the public, the Presidio Trust will launch an open "ideas competition" next month and is inviting the public to meet the five design teams at a forum on May 6.
Existing US Home Sales Slip Again, Slowest Pace Since 2012
While the number of homes on the market in the US is now 9.5 percent higher on a year-over-year basis, and "the weather" is no longer an even remotely credible excuse, existing-home sales slipped again in March and are now running 7.5 percent lower year-over-year, the slowest pace of sales since July of 2012.
The pace of existing-home sales in the West fell 3.7 percent from February to March and is running 13.4 percent lower on a year-over-year basis versus 10.1 percent lower last month.
LinkedIn Snags An Entire San Francisco Tower To Call Their Own
LinkedIn has reportedly agreed to lease the entire 26-story building rising at 222 Second Street, on the southwest corner of Second and Howard, according to Bloomberg. The 450,000-square-foot building which is being developed by Tishman Speyer is slated to be ready for occupancy in late 2017.
The Warriors San Francisco Sports And Entertainment Center Plan
While the Golden State Warriors have yet to announce their specific plans for the San Francisco Sports and Entertainment Center to be built on 12 acres of land bounded by 3rd, 16th and South Streets, and Terry Francois Boulevard to the east, the basic elements of their Piers 30-32 plan remain in effect: the arena will hold about 18,000 seats, will rise around 125 feet in height, and will showcase NBA basketball games as well as concerts, events and convention activities.
The Warriors proposed development will be privately financed and the transaction with salesforce.com to acquire the land did not include any naming or sponsorship rights.
In addition, the build-out of the Mission Bay site will trigger the construction of a five-and-a-half-acre waterfront park across Terry Francois Boulevard, with water-oriented activities and large lawn areas to accommodate a variety of recreational uses similar to Marina Green.
April 21, 2014
Warriors Drop Plans For Piers 30-32 Arena, Moving To Mission Bay
The Golden State Warriors have dropped their plans to build an arena on San Francisco's Piers 30-32 but will still be making the move to San Francisco, landing on the parcels pictured above.
Having just purchased Salesforce.com's remaining 12 acres in Mission Bay, the Warriors are now committed to building an 18,000-seat arena upon the undeveloped site which fronts Third Street in time for the 2018-19 NBA season, financing the project themselves, according to The Chronicle.
"With San Francisco Mayor Ed Lee deeming it his legacy project, and the project sponsors lining the pockets of nearly every political, development, and public relations consultant in the city, some might consider the Warriors Arena that’s proposed to be built upon Piers 30-32 to be too big or connected to fail. But this is San Francisco, after all."
In early 2012, we first characterized the plans for an arena upon San Francisco's Piers 30-32 as a pipe dream and put the odds of the Warriors piers project succeeding at 5 percent, noting: "we would love to be proven wrong. And of course, there is another large parcel of undeveloped land around the corner that recently became available." That large parcel of land is the very parcel upon which the Warriors now plan to build.
Refined Designs For Proposed 8-Story "StoneFire" Building In Berkeley
The latest designs for the 8-story "StoneFire" building that’s proposed to rise on the corner of University Ave and Milvia over in Berkeley, currently the site of a one-story Firestone tire store, garage and parking lot, will be presented to Berkeley’s Zoning Adjustment Board this week.
The refined design for the 1974 University Avenue development includes 98 apartments (down from up to 120), including 8 available to very low income households, over 8,700 square feet of ground floor commercial space and below grade parking for 76 cars and bikes.
The view from the units on the 8th floor includes Golden Gate views:
(Continue reading: "Refined Designs For Proposed 8-Story "StoneFire" Building In Berkeley")