Central SoMa Development - Future Development

Central SoMa Development - Future Development

Central SOMA Up-Zoning Project PREAPARED FOR CHAO FAMILY TRUST

COMPASS Justin Goldberg | 415.533.9202 | [email protected] | DRE 01705028

Central SoMa Quick Facts

• Projected to bring in 32,000 permanent jobs

• 8,800 units of housing

o 33% affordable housing units o 5,700 market rate housing units • Up to $500M for transit investment o Pedestrians, bicycling, and transit • $185M to build new and improve existing parks/recreation centers/open spaces

• Up to $64M for schools

• Total area: 230 acres • General upzoning from < 85 ft. to 130–160 ft. • Key Development Sites upzoning to 200–400 ft.

• Mello Roos CFD Program participation requirement applies to more than 25,000 gross square feet of new residential condo development

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According to the Central SoMa Plan & Implementation Strategy Final Plan Adopted by the San Francisco Planning Department, December 2018.

8 Most Notable Projects in the Central SOMA Up-Zoning Plan

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Residential / Mixed-Use Development

655 4 th Street

Developer:

Tishman Speyer

Architect:

Bjarke Ingles Group

Height:

2-400 ft. towers

960 residential units 18,000 sq. ft. retail 38-room hotel 20,000 sq. ft. office space POPOS

Size:

Current occupant – HD Buttercup & The Creamery

One Vassar (1 Vassar Place @ 665 Harrison)

Developer: Cresleigh Development

Architects: Skidmore Owings & Merrill

Height:

350 ft.; 350 ft.; 200 ft.

491 apartments 509,000 sq. ft. commercial 469 hotel rooms 14,000 sq. ft. child care center

31,700 sq. ft. retail 44,200 sq. ft. PDR 8,400 sq. ft. open space 2.4 acres

Size:

Additional

$3.5M public art

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330 Townsend Street

Developer:

CIM Group

Height:

31-stories

204,000 sq. ft. res. 374 units 11,500 sq. ft. retail 291 parking

Size:

636 4 th Street

Developer:

Realtex / Forum Design

Height:

250 ft. 25-stories

271-apartments 4,500 sq. ft. retail 119 stacked parking

Size:

Current/previous occupant – K&L Wine

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667 Folsom Street

U N D E R C O N S T R U C T I O N

Developer:

Equity Residential

Height:

14-stories

Size:

230 micro units

650 Harrison Street

Architect:

Ankrom Moisan

130 ft. 14-stories

Height:

118 units 931 sq. ft. retail space 29 cars

Size:

Current structure: sign shop

988 Harrison Street

Developer:

Equity Residential

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Architect:

Kerman Morris Architects

Height:

85 ft.; 8-stories

112 apartments 3,000 sq. ft. commercial

Size:

Current occupant – gas station

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Commercial Developments

610-698 Brannan Street

Architect:

Adamson Associates/RCH Studios

Height:

236 ft.; 11-story

2M sq. ft. commercial 6.95 acres 80,000 sq. ft. restaurant/retail 35,000 sq. ft. POPOS

Size:

Current occupant – SF Flower Market

598 Brannan Street (Park Block)

Developer: Tishman Speyer

Architect:

Michael Maltzan Architecture

185 ft. – 150 ft.

Height:

923,000 sq. ft. commercial 60,000 sq. ft. retail / PDR 5,500 sq. ft. child care ctr. 40,000 sq. ft. open space 4.5 acres

Size:

Current occupant – industrial building

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88 Bluxome Street (645 5 th St)

Alexandria Real Estate / TMG Partners Iwamoto Scott & Studio Architecture

Developers:

Architects:

Height:

243 ft.; 16-stories

Size:

775,000 sq. ft. comm. Pinterest: 490,000 sq. ft. (60%) 12 tennis courts 30,050 sq. ft. rec. center 24,000 sq. ft. retail 9,500 sq. ft. product dist. 2.6 acres

Current/previous occupant – SF Tennis Club

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725 Harrison Street

Developer/Architect Height:

Boston Properties 14-stories

1.1 million sq. ft. (total) 770,000 sq. ft. commercial 36,000 sq. ft. retail 16,700 sq. ft. open space

Size:

Currently a parking garage/auto shop

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490 Brannan Street

Developer:

Strada Investment Group

Architect:

Pfau Long Architecture

Height:

160 ft.; 14-stories

Size:

340,000 sq. ft. commercial 17,000 sq. ft. PDR 3,800 sq. ft. retail 6,500 sq. ft. recreational

Current occupant – Starbucks & Wells Fargo

510 Townsend Street

C OM P L E T E D

Occupant:

Stripe

Developer:

Alexandria

Height:

85 ft.; 7-stories

Size:

300,000 sq. ft.

633 Folsom Street

Developer:

The Swig Company

Height:

12-stories

Size:

265,890 sq. ft. commercial 5,650 sq. ft. retail POPOS Future Asana HQ

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505 Brannan Street

Occupant:

Pinterest Headquarters

Alexandria Real Estate / TMG Partners

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Developers:

Architect:

Heller Manus

Builders:

Swinerton

Height:

250 ft.; 6-stories

137,446 sq. ft. commercial 732 sq. ft. retail 66 parking

Size:

424 Brannan Street

Architect:

Heller Manus

Height:

85 ft.; 7-stories

Size:

95,000 sq. ft. commercial 6,000 sq. ft. PDR

Current occupant – parking lots

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Hotel Development

701 3 rd

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Occupant:

Hotel by Stonebridge

Developer:

Stonebridge / Stanton Architecture

Height:

10-stories

Size:

225-rooms

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Existing and proposed parks in Central SoMa

Central SoMa Park (as part of 598 Brannan St.)

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Proposed street and road improvements

SFMTA Central Subway Route

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Planned Caltrain extension to Transbay Terminal

Map of proposed extension of Caltrain tracks to Sales Force Park. Caltrain tracks will host the proposed high-speed train to Southern California.

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