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Blog Archives: February 2017

Apple Campus to Open in April

February 24, 2017
Source: Adam Brinklow - Curbed SF New building dubbed “Apple Park” After years of the public watching, waiting, speculating, and constantly surveying it from the air, Apple announced early Wednesday that its new 175-acre campus will be finished and open for business in April. It also finally has an official name: Apple Park. The move from the company’s original Cupertino Campus will take up to six months, according to the Apple blog that made the announcement. The transition will complete an eleven-plus year process since the company ...

The Mark Company Monthly Report February 2017

February 22, 2017
New Construction The following section contains sales information and updates for actively selling developments with 20+ Market Rate units. Project List* 1450 Franklin, 181 Fremont Residences, Knox, Lumina, One Mission Bay, Rockwell, Rowan, Seventy2 Townsend, The Austin, The District, The Harrison, The Pacific, The San Francisco Shipyard - Phase II * Sorted in alphabetical order Monthly Reports

Richmond Residents Sue City to Slow Geary Bus Project

February 20, 2017
Source: Adam Brinklow - Curbed SF Merchants call review of decade-old plan “fundamentally flawed” Sometimes lawsuits are themselves the final step in San Francisco’s legislative process. Although the Geary Bus Rapid Transit Project was in the works for over a decade before finally advancing to something like the home stretch in January, a lawsuit filed on Friday aims to slow it down again. The BRT would, among other things, create long stretches of bus-only red lanes along the length of Geary to help the constantly muddled, jam-packed ...

Recent Developments in Land Use: Affordable Housing, PDR Districts, and Residential Expansion

February 17, 2017
Source: Reuben, Junius &  Rose LLP Controller’s Office Releases Inclusionary Housing Final Report In June 2016, San Francisco voters passed Proposition C, a Charter Amendment which made significant changes to the City’s established Inclusionary Housing program. Proposition C made a number of changes to the program, including raising the affordable housing required for on-site affordable housing, off-site affordable housing, and the in-lieu fee.  Following the passage of the Charter Amendment, the Board of Supervisors charged the ...

101 Reasons to Love San Francisco

February 17, 2017
Source: Brock Keeling & Sally Kuchar, Curbed SF Tony Bennett famously explained how he left his heart here in the city. And he gives a few solid reasons why—the fog, the cable cars, being high on a hill. The usual. But there are so many more reasons why people love the city high above the blue and windy sea—places and experiences one doesn’t normally think of since they’re regular occurrences or daily sights. Let’s take a look at what makes heart strings zing here in San Francisco. 1. When you're on the J train and it pops out of the ...

Fix-and-Flip Mortgage Bonds: Wall Street’s New Housing Bet to Boost Home Flippers

February 15, 2017
Source: Teke Wiggin, Inman Wall Street and new online lenders are bundling loans for home flippers into fix-and-flip mortgage bonds, offering a new way for hedge funds, private equity firms and other institutional investors to invest in the housing market. The bonds could help accelerate a long-overdue makeover of U.S. housing stock, though not without raising eyebrows over untested financial innovation. Mortgage bonds, also known as mortgage-backed securities (MBS), allow large investors to buy mortgages in bulk, freeing up the balance ...

Understanding Lis Pendens

February 15, 2017
Source: Cornerstone Title Company Panic can break out when people are faced with the unknown. When a Lis Pendens is found in a preliminary title report, it can bring on some nail-biting feelings. Therefore, let’s look more closely at the Lis Pendens in order to better understand what it is, what it does, and most importantly, what it means to the transaction and your title insurance. What Is Lis Pendens? A Notice of Pendency of Action, commonly known as a “Lis Pendens”, is a recorded legal document that, in simple terms, provides notice ...

SF Shipyard Project Delayed After Contractor Admits Faking Soil Samples

February 14, 2017
Source: Riley McDermid, San Francisco Business Times A contractor hired to clean up the soil at the San Francisco Shipyard has admitted faking soil samples submitted for review, delaying the transfer of three parcels of land at the massive Hunter's Point project. The San Francisco Chronicle reports that the Navy confirmed that the contractor, Tetra Tech, had submitted soil for tests from at least 386 areas that had already been cleared by environmental authorities. Tetra Tech has been paid $300 million over two decades to clean up the ...

New Renderings of 550 Howard, Poised to be One of SF's Tallest Buildings

February 13, 2017
Source: Adam Brinklow, Curbed SF Cesar Pelli, the Argentine-American architect behind some of the world’s tallest buildings, is already putting an indelible stamp on San Francisco’s skyline with Salesforce Tower. Alongside the in-progress high-rise, Pelli’s firm (along with local HKS Architects) is adding an exclamation point in the form of an 800-foot tall tower that, if completed as designed, will become the city’s fourth tallest, behind Salesforce, Oceanwide Center, and the Transamerica Pyramid. The original design for the building, ...

New ADU Law and Peskin's Implementing Ordinance

February 10, 2017
Source: Ruben, Juniius & Rose LLP State Law Making ADUs Easier Takes Effect This week’s update summarizes a new law requiring cities and counties to approve some accessory dwelling units (“ADUs”) in residential districts without requiring public hearings. The new law mandates “ministerial” approval so long as the ADUs meet a number of standards; grants relief from numerical density limits for qualifying ADUs; and also attempts to lower the costs of construction. Sponsors and advocates hope the bill, which took effect on January 1, 2017, ...

Curbed San Francisco Pocket Guide: Winer 2017

February 06, 2017
Source: Adam Brinklow, Curbed SF In this 49-square-mile patch of land we call San Francisco, there's more to do on a winter day than watch Netflix from the comfort of your bed. Here at Curbed SF, however, we think that our city possesses the kind of beauty and interest that never grows old, especially when chill sets in the air. In fact, we think winter is the best time to enjoy Baghdad by the Bay, soon after the hordes of tourists head home. We have put together a list of 20 places that will have you falling in love again with the City ...

SF County Annual Report 2016

February 02, 2017

Contractor Caught Demolishing a Historic Facade

February 01, 2017
Source: Socketsite Purchased by a local contractor for $1.282 million in March of 2012, plans to allow the construction of a new garage, a new entry stair and “minor façade alterations” to accommodate a new entrance for the secondary unit of the Craftsman-style home at 151-153 Liberty Street were subsequently approved, with a stated scope of work that entailed the preservation of the primary façade (including the retention of the historic windows and decorative brackets). Early last year, a complaint was filed with the City citing a ...