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Exclusive: Chinese developer brings on local development muscle as it digs into Santa Clara megaproject

A Chinese company has brought on local development help as it studies the feasibility of building a 10.5 million-square-foot mixed-use development in Santa Clara — a project that local insiders say could get even bigger.

The Chinese developer working on getting approvals for a 10.5 million-square-foot-development on a former Yahoo site in Santa Clara appears to have forged a formal relationship with a local developer to help with the process.

Harmonie Park Development last week announced in a tweet it was “excited to be named development advisor to Kylli.”

Kylli Inc., an American subsidiary of Shenzhen, China-based pharmaceuticals and real estate company Genzon, earlier this year got unanimous approval from Santa Clara City Council members to study amending the city’s general plan to grow the allowed development for the 48.6-acre site roughly at 3005 Democracy Way more than three-fold.

One local land use consultant now says the project could get even bigger, according to conversations he’s had with people purporting to be involved with the project.

Read more from Silicon Valley Business Journal

 

 

California Senate stalls transit-housing bill

Citing not enough affordable housing, vote against leaves Senator Scott Wiener’s signature bill in limbo

After months of public wrangling and amendment, San Francisco’s State Senator Scott Wiener finally brought his signature transit-housing bill SB 827 before the Senate Transportation and Housing Committee in Sacramento Tuesday, where it stalled on a 6-4 vote that leaves it in limbo.

SB 827 would have radically changed how California cities zone for height and density by making it illegal to place height limits below four to five stories (depending on the locale) along major transit routes.

Thanks to San Francisco’s extensive bus network, this would have applied to virtually every parcel in the city. But even cities with far less skin in the game, like Lafayette and Berkeley, complained that the bill redirected too much control from local municipalities to the state.

Calling local control “important but not biblical,” Wiener again labored on Tuesday to frame the bill as a necessary step given the scope of the crisis.

Read more from Curbed SF

 

 

 

Google says it’s close to owning enough downtown San Jose properties for ‘viable’ development

Google is nearing ownership of enough downtown San Jose properties and parcels to create a “viable” transit-oriented development.

The development will take place near the Diridon train station, a top company executive told a key advisory group this week.

During a meeting of the Station Area Advisory Group, formed to gather and process citizen input about Google’s proposal to develop a massive transit village near Diridon Station, Google executives offered the company’s first major presentation of its development philosophies and plans for downtown San Jose. The search giant also indicated that it is creating a critical mass of properties where it could build a transit-oriented community downtown.

“Just to get the sites together by itself is obviously very complicated, and it’s not completed yet, and it’s taking a while,” Mark Golan, Google’s vice president real estate development, told the advisory group during its Monday night meeting. “But we are getting close to having a site that is viable.”

Mountain View-based Google and its development ally Trammell Crow have spent at least $221.6 million buying an array of properties on the western edges of downtown San Jose, within and near a one-mile stretch that begins north of the SAP Center and reaches south nearly to Interstate 280.

Among the major recent deals: The Google and Trammell Crow venture bought a large site that now is occupied by Orchard Supply Hardware, and the search giant has struck a deal to purchase a huge property from Trammell Crow that is approved for 1 million square feet, hundreds of residences and retail.

Despite the extensive work and investments that have occurred already, construction isn’t going to begin tomorrow, Google executives cautioned.

Read more from Santa Cruz Sentinel

 

 

San Francisco’s largest office landlord to break ground on $265 million Oakland tower

Boston Properties, San Francisco’s largest office landlord, will break ground on May 2 on a 402-unit apartment tower next to Oakland’s MacArthur BART station.

The 260-foot project at 532 39th St. will be the tallest building in North Oakland and the company’s first residential project on the West Coast.

The project in the Temescal district will be among a half-dozen Oakland towers to start construction in the last two years, an unprecedented real estate boom that’s drawing some of the country’s biggest developers to the city. Other developers include Lennar Multifamily Communities, Shorenstein Properties and Carmel Partners.

Read more from San Francisco Business Times

 

 

Wiener scales back bill that would allow taller housing near public transit

State Sen. Scott Wiener scales back a controversial housing proposal.

The proposed bill would strip local governments of their ability to block construction of taller and denser apartment and condominium buildings near public transit stops, and conceded the bill might not make it through the Legislature this year.

The San Francisco Democrat introduced amendments to his SB827 late Monday that would lower the maximum height of buildings that could go up as a result of the bill to five stories from eight. Also, the bill would take effect in 2021 instead of 2019.

Wiener made the amendments ahead of the bill’s first hearing April 17 in the Senate Transportation and Housing Committee. If passed, the bill will then head to the Senate Governance and Finance Committee.

“The bill is not guaranteed to survive either committee,” Wiener said Tuesday. “It’s a hard bill. Hopefully, we pass through these committees and live to fight another day, but if not, then we will try again next year. It’s very common in the Legislature that for hard bills, sometimes you have to try multiple times.”

The measure would override local height limits on proposed four- and five-story apartment and condo buildings in residential areas if they are within a half mile of major transit hubs, such as a BART or Caltrain station. It also would limit cities’ ability to block denser buildings within a quarter-mile of highly used bus and light-rail stops, but amendments eliminated new height requirements.

Read more from San Francisco Chronicle

 

 

Exclusive: FivePoint suspends work on 635,000-square-foot shopping mall at the former Candlestick Park

The mall was meant to be the centerpiece of the 280-acre project, one of San Francisco’s largest.

The shopping centerpiece of San Francisco’s 280-acre Candlestick Point development has been suspended amid turmoil in the retail industry, placing one of the city’s largest projects in jeopardy.

Developer FivePoint Holdings LLC and its retail partner Macerich Co. paused work on the 635,000-square-foot mall, according to a Thursday email to the project team obtained by the San Francisco Business Times.

FivePoint said in recent SEC filings that “in light of the rapidly evolving retail landscape,” it was “evaluating the viability of a mall” and “exploring potential alternative configurations of the site.” FivePoint said future plans were uncertain.

The mall was to span over a dozen buildings, bounded by Harney Way, Arelious Walker Way and Ingerson Avenue. It was approved along with 7,200 housing units, a 200-room hotel, and an additional 300,000 square feet commercial space. Infrastructure construction is underway at Candlestick, but no new buildings have started construction and design work is ongoing.

The mall was meant to revitalize the former home of the San Francisco 49ers and Giants, who played at Candlestick Park for four decades. The stadium was demolished in 2014, the same year that the mall project was unveiled and originally set to open in late 2017.

Read more from San Francisco Business Times

 

 

Oakland parking garage next to City Hall could join development wave

More Oakland parking is being studied for new development.

A closed garage next to Oakland City hall could join the development wave that’s transformed over a thousand parking spaces into new buildings.

Oakland city staff are studying the demolition of the 335-space public parking structure at 1414 Clay St. and construction of either a new hotel or office building. The garage closed in December 2016 due to seismic safety concerns.

A city report recommends that Oakland seek an office project on the site because it’s more financially viable than a hotel. It also recommends requiring 51 parking spaces rather than 273 spaces, which would replace some of the previously used parking but could threaten the financial viability of a new project.

The stance is consistent with Oakland’s efforts to cut parking in new downtown projects and promote the use of public transit, “rather than continuing to subsidize the cost of private vehicle ownership and use,” according to the report.

Patrick Lane, the city’s manager of public/private development, said there isn’t a schedule for seeking developers for the site and it would likely happen after the city updates its public lands policy. The City Council may require higher fees and on-site affordable housing in new projects on public land, as activists push for more funding for low-income residents.

The city is also seeking development of two other public sites at 1911 Telegraph Ave. and 1800 San Pablo Ave, which could also be subject to the public lands policy.

Read more from San Francisco Business Times

 

 

Housing for North Berkeley BART?

BART and city leaders recently took the first steps toward a mixed-use housing development on the station’s parking lots, but there’s still a long road ahead.

In its early days, BART bulldozed houses to build massive parking lots for commuters to San Francisco, devastating several low-income communities in the East Bay. But then in the mid-1990s, the transit agency started a shift toward building housing, office, and retail around its stations instead. And during the past 15 years or so, the agency has been planning developments at most of its stations with surface parking lots — including projects at Ashby station in Berkeley and at most of its above-ground Oakland stations.

But the stations surrounding some of BART’s most desirable real estate have been excluded from development planning so far. For example, despite high home prices around the Rockridge BART station in North Oakland and the fact that it’s only a 20-minute ride to downtown San Francisco, BART has produced no development plans for the area to date.

For North Berkeley, a 25-minute ride from San Francisco, BART has at least considered building on the land. An overview of BART’s transit-oriented development strategy provided to this reporter last year included a map of existing, planned, and future development. North Berkeley was listed as a site for potential future development with 100-percent affordable housing, but BART had no more specific plans than that.

Read more from East Bay Express

 

 

Scott Wiener’s controversial housing bill gained a big supporter in BART

The fight over SB 827, a proposed law from California State Sen. Scott Wiener to upzone development sites near transit centers, has supporters and detractors lining up in due course.

If approved by the legislature, the law would limit local control over density, parking spaces and heights for housing projects within a certain distance to transit stops. Proponents of the law pitch a symbiosis between housing development and transit options, with the proximity of the two mitigating traffic congestion.

Recently, the effort to pass the law added the region’s most heavily trafficked public transportation system as a proponent: Bay Area Rapid Transit. Earlier this month the BART Board narrowly voted 5-4 to support the measure.

In many cases, building on transit agency sites takes decades, with negotiations with multiple government agencies, substantial community input, difficulties with financing and expensive parking requirements all playing a role.

BART has shown a willingness to support transit oriented development before, approving a policy in 2016 that encourages 20,000 homes to be built on its land by 2040.

Read more from San Francisco Business Times

 

 

Central SoMa Plan Could Add 11 Stories To Pinterest’s HQ

If the city moves forward with an ambitious plan to guide office and housing development in Central SoMa, Pinterest hopes to add a vertical 11-story addition to its headquarters at 505 Brannan St.

A proposal filed by TMG Partners, one of the original six-story building developers, includes an 11-story addition that would add 165,000 square feet to the site and bring its height to 240 feet.

The current building offers 129,450 square feet in office space and is 85 feet tall, but the site is permitted for a structure 250 feet tall, according to SF Planning documents.

The addition is anticipated to cost $38 million.

Read the full article from Hoodline