7 New Developments to Watch in San Francisco
There is construction happening in nearly every part of San Francisco, and the new construction boom is record-breaking. Residents of the city have become used to high rises and new buildings popping up in every nook and cranny of the city.
Whether you’re looking for a new construction home or simply have a fondness for following real estate news, take a look at these seven new developments to watch in San Francisco.
#1: SFMOMA Expansion
SFMOMA closed its doors in 2016 to make room for the construction of a massive expansion that tripled the amount of gallery space at the world-famous museum.
#2: Transbay Terminal
The Transbay Terminal will provide space for bus services and will later be joined by Caltrain and High Speed rail come 2017. The Transbay Terminal will also include space for retail businesses and a public park on the rooftop.
#3: Van Ness High Rise
The corner of Van Ness and Market Street will be transformed into a towering condo development that will open its doors in 2019. The plan for the 39-story, 300-unit building at One Oak Street will break ground in April 2017 and be completed in October of 2019.
#4: Gateway at Millbrae
The Gateway at Millbrae is a 10-acre project that will be home to hundreds of units of new housing, hundreds of thousands of square feet of retail and office space and a 126-room Marriott hotel. Twenty percent of all the housing present in the current design is below market rate.
The Millbrae BART station averages about 7,000 entries each day and is the system’s hookup to Caltrain, SamTrans and several other private shuttles that serve ferries to Silicon Valley.
#5: The Harrison
The Harrison, the new luxury residential development located at 401 Harrison Street on Rincon Hill, started selling units on April 1. The 49-story building has a grand salon entry, a private club for residents called Uncle Harry, The Harrison Attache concierge service, a doorman, valet parking, and a view lounge.
This new development has been the hype of the area with units containing Carrera marble countertops, custom brass and cast-glass wall sconces and many other designer finishes.
#6: Treasure Island
The earliest work has started on the multi-billion dollar development project to transform Treasure Island into a prime real estate hub. The first phase will call for demolishing the existing buildings and the beginning of the infrastructure work.
Developers, architects and investors foresee Treasure Island being home to 8,000 residential housing units, three hotels and hundreds of thousands of feet of commercial space.
#7: Mission Ground Park
San Francisco broke ground on the new park at 17th and Folsom streets. The present parking lot will turn into a $5.2 million project with nearly 32,000 square feet of community space. The new park will have a drought-resistant garden, a teardrop-shaped center plaza with a lawn and state, fruit-bearing trees and greenhouses.
Art by Chicana artist Carmen Lomas Garza along with an interactive water feature, which will recycle water for subsurface irrigation, will also be included in Mission Ground Park. One section of the plaza will have a children’s playground next to workout equipment for adult use.
New Construction in San Francisco
When you’re ready to take the next step in exploring what San Francisco has to offer in the new home market, connect with our team today. We’re always just a phone call away and look forward to sharing our knowledge and experience with you. Let’s get started today!