All Stars Donuts’ Days Are Numbered, Big Plans For SoMa Site

Plans to raze the All Stars Donuts shop at 5th and Harrison, and the adjacent building which Fitmob occupies at 5th and Clara, have been submitted to San Francisco’s Planning Department for review.

And as proposed, a nine-story building with 89 condos (18 studios, 24 one-bedrooms, and 47 two-bedrooms) will rise across the 365-399 5^th Street site, with a little commercial space on the northeast corner of 5th and Harrison and an underground garage for 22 cars.

The studios have been designed to average 430 square feet apiece, the one-bedrooms 676 square feet, and the two-bedrooms average 945 square feet.  Ten of the units are slated to be Below Market Rate.

And while the Central SoMa site is currently only zoned for building up to 55-feet in height, the “Harrison/5th” development team is counting on an up-zoning of the site to 85-feet as envisioned in the City’s Central SoMa Plan in order to develop the site as proposed.

 Articles and Photos sourced from : www.socketsite.com

Kilroy Realty plans major office development in Mission Bay

Maybe it is the attraction of having the Golden State Warriors as a future neighbor, but commercial real estate in Mission Bay is suddenly as hot as Stephen Curry on a shooting streak.
Kilroy Realty Corp., which is already building new homes South of Market for Salesforce.com and Dropbox, has shelled out $95 million for a 3.1-acre site in Mission Bay, the 300-acre, burgeoning biotech, medical and tech-centric neighborhood springing up on former Union Pacific rail yards south of AT&T Park.
The project is the largest remaining commercial development opportunity in the neighborhood and will allow Kilroy to build a 680,000-square-foot campus. The entire project, including the land purchase, will cost $450 million.

Steven Johnson, who lives in the Mission Bay neighborhood, walks along Fourth Street as he carries his dog Lena, as they walk past signage on a storefront for The Market Hall on Friday, May 23, 2014 in San Francisco, Calif. Photo: Lea Suzuki, The Chronicle

Warriors' land deal

The deal comes two months after the Warriors said they had purchased a 12-acre Mission Bay site and would construct a 18,000-seat basketball arena in the neighborhood. The seller was Salesforce, which had originally planned to build a 2 million-square-foot campus there, but ultimately decided to expand in the south Financial District.
The Warriors' announcement, while cheered by activists who were opposed to a previous arena plan for Piers 30-32, essentially took 1.6 million square feet out of Mission Bay's development pipeline. The last remaining parcel in the neighborhood is the final piece of the Salesforce property, which is entitled for 450,000 square feet of office space. That property is being marketed by CBRE, which handled the Kilroy deal and will almost certainly sell this summer.
Company CEO John Kilroy Jr. called Mission Bay "San Francisco's most popular new live-work-play neighborhood."
The site sits at the southwestern edge of Mission Bay, to the west of UCSF's $1.6 billion hospital, which will open in 2015. While the land is removed from the waterfront, Kilroy officials said its proximity to the Mission and Potrero Hill would make it attractive to the young tech workers residing in those neighborhoods. The parcel, known as Block 40, borders 16th Street, which connects Mission Bay to those neighborhoods.

2 phases of work

The price translates to $140 per buildable square foot, which exceeds what Kilroy paid for its two other development sites. A property at 350 Mission St., the future Salesforce building at the Transbay Terminal, cost $130 per buildable square foot. The site at 333 Brannan St., which Dropbox had preleased, cost $120 per buildable square foot.
The project will be built in two phases, with the first phase of construction expected to begin early next year. The LEED-Gold designed project will include two six-story and two 12-story office buildings.
Kilroy, while based in Los Angeles, has been San Francisco's most aggressive office developer since 2010, when it bought 303 Second St., formerly known as Marathon Plaza. Kilroy also owns 100 First St. and 370 Third St.


Article & photos Sourced From:  http://www.sfgate.com/bayarea/article/Major-development-deal-for-Mission-Bay-in-SF-5523124.php#photo-6392026 

The Top Ten Areas For New Development In San Francisco

Removing the approved redevelopments of Candlestick/Hunters Point, Treasure Island, and Park Merced from the ranking, three long-term projects which represent nearly 24,000 of the 48,000 housing units in San Francisco's current development pipeline, the top ten areas being targeted for the near-term development of new housing in San Francisco are:

10. The Mission (930 new units)
9. South Central (1,210 units)
8. Western Addition (1,240 units)
7. Transbay (1,340 units)
6. East SoMa (1,480 units)
5. Mission Bay* (2,088 units)
4. Rincon Hill (2,370 units)
3. Market/Octavia (2,410 units)
2. Showplace Square/Potrero Hill (2,950 units)
And with nearly 4,000 units either under construction, approved, or proposed to be built, the number one area for new housing development in San Francisco is "Downtown" which includes Mid-Market and the Tenderloin.

*UPDATE: While the Planning Department includes the Giants' proposed Mission Rock Development as part of "South of Market, Other," we've moved it to Mission Bay and updated the table and map above. 


Article and Photos Sourced from SocketSite:
http://www.socketsite.com/archives/2013/08/the_top_ten_areas_for_new_development_in_san_francisco.html

Dutch developer of floating cities eyes S. Florida, NYC

Dutch Docklands has outposts in Dubai, the Maldives

 and now, Miami

A Dutch developer is eyeing Biscayne Bay for a $200 million floating development with housing, schools and shopping, bringing innovation to a historical South Florida tradition.

Netherlands-based Dutch Docklands wants between 500 to 1,000 acres across the water to build a floating island. It opened an office in Miami’s Southeast Financial Center, its fourth office along with branches in the Maldives, Dubai and the Netherlands.

The company is considering Miami, Miami Beach and Kendall for its first U.S. project, but is also in talks with the Florida Keys, New York City, Cincinnati and several towns in New Jersey with proposals to extend their cities by building on water, Miami Today reported.

Dutch Docklands has patented technology for “constructing large scale floating units,” according to the company’s website.

Dutch Dockland's Projects in Maldives:

To See more projects by this awesome company click: here

Article & Photos Sourced From: 

http://therealdeal.com/miami/blog/2013/08/26/dutch-developer-of-floating-cities-eyes-miami/

http://www.dutchdocklands.com/Development/The-Ocean-Flower