South Beach on the eastern bay side of SoMa is another neighborhood feeling the pressures of a hot commercial and residential property market. We recently scoped out the area to understand the proximity and construction progress of the most newsworthy properties. Below are the most notable projects that are either under the planning phase or have already broken ground.
72 Townsend Street
Developer KB home has started construction of a 9 story condominium complex at 72 Townsend Street. The 147,320 sq. foot building is being constructed within the walls of a 138 year old historic warehouse. An onsite tour revealed the old building stripped of its roof and floor leaving only an old brick perimeter wall. A peek beyond the walls showed excavated trenches and piles to support the construction of the new building’s foundations. Designed by SB Architects, renderings show an unoriginal yet unoffending design that should blend well with neighboring buildings. The 99 foot high building is expected to be completed next summer.
333 Brannan Street
Excavating machinery and old building rubble currently surround a large shallow ditch at the 333 Brannan Street site. The future 5 story building is expected to have 175, 050 sq. feet of office space, 3,450 sq. feet of ground retail space, and underground parking. Developer Kilroy Realty Corp, with the help of architect William McDonough, is expected to incorporate extensive energy saving features and achieve a LEED Platinum rating for the new building. Swinerton, the builder on the project, is striving for a late 2015 completion date for the 65 foot structure. Dropbox has signed on as the sole tenant for the building.
345 Brannan Street
Next door to 333 Brannan Street, developer Breevast will also be using contractor Swinerton to build a new 5 story office building. The new building will be 65 feet high and incorporate 102, 585 sq feet of office space. Although designed by Charles Bloszies, a different architect from 333 Brannan, renderings for both buildings share a brick facade and overall have a similar architecture. Currently, an empty parking lot sits at the address but construction is expected to commence shortly. Dropbox has signed on as the tenant for this building as well.
270 Brannan Street
Developers SKS Development and Mitsui Fudosa America will soon be constructing a 189,000 sq. foot office building on 270 Brannan Street. The 65 foot high structure will have 7 stories at its highest point and contain an underground parking. The building is being designed by Peter Pfau and built by builder Pankow. Currently, a parking lot resides on the site but construction is expected to start in the coming months.
460-462 Bryant Street
Developer Sierra Maestra Properties, with the help of contractor Plant Construction, is renovating two 107 year old warehouses on Bryant Street. The major enhancements include seismic strengthening, new elevators, interior renovations, and new roofing. Huntsman Architectural Group is coordinating the interior architectural improvements. Overall, the renovations will yield an interior with 60,280 sq. feet of office space. Web-hosting firm Weebly has signed as the anchor tenant.
Still in Planning Phase
598 Brannan Street
18 months ago developer Tishman Speyer submitted an application for two 11 story buildings that will yield a combined 700,456 sq. feet of office space. The project to complete the 160 foot high buildings is still in the planning and review phase.
610 – 620 Brannan Street
Zappettini Properties submitted an application early last year to construct an 11 story, 160 foot tall building spanning both 610 and 620 Brannan Street addresses. The building would produce 547,000 sq. feet of office flooring and a hefty 20,000 sq. feet of ground retail space. The project is currently in the planning and review phase.
500 Townsend Street
Real estate firm Cornish & Carey Commercial Newmark Knight Frank has recently put the 500 Townsend property up for sale. Zoning allows for an 85 foot high structure with 300,000 sq. feet of office space. With the hot commercial market in eastern SoMa, it is anticipated this property should be snapped up rather quickly.