Paul Paradis’ Bayhill Ventures, a San Francisco-based real estate development and investment firm, said Thursday it had submitted entitlement approvals for 530 Howard St., a for-lease residential development in the Transit Center District of Downtown San Francisco. At a proposed height of 840 feet, the 71-story tower would be the third-tallest in the city.
“We believe there continues to be a strong need and desire for housing in Downtown San Francisco which will support a more diversified and balanced ecosystem for residents, businesses and their employees,” said Paradis. “I have been active in this submarket for decades and I’m pleased that Bayhill will provide much-needed market rate and affordable housing, as well as employing skilled labor in the near term. We believe in the city’s ability to continue to attract forward-leaning technologies, as well as both large and small corporate companies alongside other business services, retail and dining.”
The 530 Howard tower will house 672 one- to three-bedroom for-lease residences on what is currently a vacant lot and a four-story office building between 500 and 540 Howard and backing to Natoma Street. It will include a fifth-floor bridge connecting to the Salesforce Park, vehicle and bike parking, and close to 30,000 square feet of amenity space.
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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Read MoreConnect CREPaul Paradis’ Bayhill Ventures, a San Francisco-based real estate development and investment firm, said Thursday it had submitted entitlement approvals for 530 Howard St., a for-lease residential development in the Transit Center District of Downtown San Francisco. At a proposed height of 840 feet, the 71-story tower would be the third-tallest in the city. “We …
The post Bayhill Submits Entitlement Plans for San Francisco’s Third Tallest Tower appeared first on Connect CRE.