San Francisco’s 8 biggest rental developments completed in 2015

In 2015, eight multi-family developments with 50 or more rental units were completed, adding a total of 1,475 new apartments. Half of them contained affordable housing. The eight biggest rental developments are as follows:

1) Mosso – 463 rental units
• Completed: 2/02/2015
• Address: 900 Folsom Street, San Francisco, CA 9410
• Rental types: 14 studios, 252 one-bedroom apartments, 210 two-bedroom apartments
• Property size: 375,971 sq.ft., includes 8,000 square feet of retail
Mosso is located in the heart of SoMa (South of Market St.). It has a rooftop terrace with a great view of the San Francisco Bay. The building is LEED certified, smoke free, and pet friendly. It features its own lobby lounge, storage units, an outdoor workspace/meeting area, a dog/bike wash, and electronic charging stations for automobiles.

2) 100 Van Ness – 421 rental units
• Completed: 11/11/2015
• Address: 100 Van Ness Avenue, San Francisco, CA 94102
• Rental types: 49 studios, 209 one-bedroom apartments, 163 two-bedroom apartments
• Property size: 346,518 sq.ft., 28-Story – First Floor includes retail
From 1974 to 2010, this fixture of the San Francisco skyline served as an office building and the longtime home to the California State Automobile Association. Over the course of 12 months, the buildings concrete panels were removed and replaced with floor-to-ceiling glass. The building has a fitness center, a business center, and high-speed internet access.

3) Avalon Hayes Valley – 182 rental units
• Completed: 10/01/2015
• Address: 325 Octavia Street, San Francisco, CA 94102
• Rental types: 45 studios, 106 one-bedroom apartments, 35 two-bedroom apartments
• Property size: 135,149 sq.ft., Five-story building – first floor includes retail
This LEED Platinum certified building is located in the Lower Haight neighborhood in the heart of San Francisco. It offers city views through large bay windows, a fitness center, a clubhouse, high speed internet, and landscaped, rooftop terraces with outdoor seating and barbecues.

4) The Civic – 162 rental units
• Completed: 12/23/2015
• Address: 101 Polk Street, San Francisco, CA 94102
• Rental types: 25 studios, 99 one-bedroom apartments, 38 two-bedroom apartments
• Property size: 13-story building
The Civic is located in at the intersection of Hayes Valley, SoMa, the Mission District, and Mid-Market, and is close to many transit lines, including BART and the MUNI Subway. All apartments have in-unit washer/dryers, gas stoves, and stainless steel appliances. Many have walk-in showers, walk-in closets, and private balconies.

5) 2175 Market Street – 88 rental units
• Completed: 4/21/2015
• Address: 2175 Market Street, San Francisco, CA 94114
• Rental types: 54 one-bedroom apartments, 34 two-bedroom apartments
• Property size: 55,111 sq.ft., six-story building. First floor includes retail
2175 Market offers a collection of well-appointed one- and two-bedroom layouts with open floor plans, generous windows, and the latest appliances and fixtures. It is designed to meet LEED Platinum Certification while featuring natural materials and high-quality finishes. In addition, the work of local artists and craftsmen are featured throughout the building. Its electric grid is partially powered by a solar system, and a rooftop terrace provides great views of the San Francisco Bay. The surrounding neighborhood has an emerging food scene with renowned restaurants and lounges.

6) Franciscan Towers – 105 rental units
• Completed: 11/20/2015
• Address: 217 Eddy Street, San Francisco, CA 94102
• Rental types: 94 studios, 11 one-bedroom apartments
• Property size: 69,096 sq.ft., 6 story building
Originally acquired by the Tenderloin Neighborhood Development Corporation (TNDC) in 1987 as housing for individuals and families, Franciscan Towers was under redevelopment for 4 years following a fire in 2011. TNDC rebuilt the fire damaged portions of the building, including the elevator, lobby, and approximately 45% of the residential units. TNDC also was able to upgrade the seismic and life safety systems and complete additional upgrades to existing building systems and non-fire damaged residential units. 35 units are reserved for Shelter Plus Care residents and 13 returning individuals and families. The building has a new mix of units, with more one-bedrooms in place of studios, to accommodate more families. Some of the studios are intended to house the formerly homeless, and some are outfitted for the disabled. The building also houses TNDC administrative offices and the TNDC Tenderloin After-School Program (TASP).

7) Broadway-Sansome – 75 rental units
• Completed: 4/21/2015
• Address: 255 Broadway Street, San Francisco, CA 94111
• Rental types: 10 studios, 36 one-bedroom apartments, 24 two-bedroom apartments, 5 three-bedroom
• Property size: 56,940 sq.ft., 6 story building with 5,000 sq.ft retail space on ground floor
After the Loma Prieta earthquake in 1989, the Embarcadero Freeway was deemed seismically unsafe. A long and contentious decision-making process ended with CalTrans’ decision to demolish the freeway and transfer sites that formerly housed the freeway to the City of San Francisco. The Broadway-Sansome site was the Broadway on-ramp for the Embarcadero Freeway. The City decided to dedicate the site to affordable housing and the Broadway Sansome will be home to families whose income is so low it makes them homeless or at risk of homelessness, and to families with more stable but still low incomes. The building has a community room, space for service provision to residences, an interior courtyard, and roof decks with views of the San Francisco Bay.

8) 1100 Ocean Avenue – 71 rental units
• Completed: 3/11/2015
• Address: 1100 Ocean Avenue, San Francisco, CA 94112
• Rental types: 18 studios, 18 one-bedroom apartments, 21 two-bedroom apartments, 14 three-bedroom apartments
• Property size: 47,867 sq.ft., 5-story building with retail on ground floor
Located in the southwestern, Westwood Park area of San Francisco, known for its safety, this area has become a haven for families, retirees and professionals. The building is adjacent to the City College of San Francisco. It has 45 affordable 1, 2 and 3 bedroom apartment homes, a common room for activities, a community kitchen, a multi-purpose room for youth residents, on-site laundry facilities, an outdoor play area, and bicycle storage.

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The Aesthetic Meeting 2016

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The Click Experts’ showing at The Aesthetic Meeting in Las Vegas was a successful venture.  The world of cosmetic surgery has evolved and so have the marketing platforms.  Though many of the older generation of doctors tend to shy way from the Internet, the new wave of young enthusiast  doctors welcome technology and all of its constant changes.

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Marketing on the internet  for plastic surgeons has become a must in today’s competitive climate.  Plastic surgeons continue to look for ways to improve their services while increasing their bottom line through internet marketing platforms like Google, Bing, & Yahoo.

We are very happy to have met so many talented plastic surgeons at this event and we look forward to working with them in the future.

 

Microsoft plans to build more office space in Mountain View

Windy Hill’s big plans for San Carlos would give companies more room to grow

Oakland’s premier tech office developer bets big on housing

Just Listed 756 Page Street, A Nine Unit Apartment Building Located in San Francisco

Just listed 756 Page Street.  A nine-unit apartment building located in Hayes Valley, San Francisco.  Listing Price $4,400,000.  If you have any questions please call my office at (415) 625-2186.

Tour Times Are As Follows:

Tuesday, December 1st, 2015 @ 11:00 A.M. To 12:30 P.M.

Thursday, December 3rd, 2015 @ 2:00 P.M. To 3:00 P.M.

Friday, December 4th, 2015 @ 3:00 P.M. To 4:00 P.M.

Tuesday, December 8th, 2015 @ 11:30 A.M. To 1:00 P.M.

Wednesday, December 9th, 2015 @ 2:00 P.M. To 3:00 P.M.

Thursday, December 10th, 2015 @ 2:00 P.M. To 3:00 P.M.

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Will the Fed Raise Interest Rates in December?

In remarks to the House Financial Services Committee, recently, Janet Yellen, the chairwoman of the Federal Reserve Bank, said that “it could be appropriate” to raise rates at the Fed’s final policy meeting of the year, in mid-December. “At this point, I see the U.S. economy as performing well,” she said, noting the strength of domestic spending. If the good news continues, she said, “December would be a live possibility.”

The mandate of the Federal Reserve, the United State’s central bank, is twofold: to help steer the economy towards stable inflation and to promote maximum employment. In Yellin’s view, the Fed’s monetary policies which were put into operation after the economy bottomed out in 2008 – both in keeping interest rates low, which helps stimulate borrowing, as well as increasing the money supply by its large purchases of U.S. Treasury instruments – has succeeded in keeping inflation well below its mandated target of two percent. In addition, the U.S. unemployment rate dropped to 5.0 percent in October, its lowest since April 2008.

For the past seven years, the Federal Reserve held its benchmark interest rate, known as the Federal Funds Target Rate, which is the rate at which depository institutions (banks and credit unions) actively trade balances with each other, usually overnight, between zero and .25 percent. Should the Fed raise that short-term rate in December, long-term interest rates, such as savings rates offered by banks, as well as the costs of servicing debt such as loans and mortgages, will begin to rise accordingly – that means that creditors and savers will do better and debtors, worse.

Reaction to a possible rise in interest rates is mixed. Some politicians say that low rates are still helping to create jobs, and that real unemployment is still too high at 9.8 percent. Meanwhile, some economists and business leaders argue that the economy would benefit from a rate increase. Even members of the Fed’s Open Market Committee, which consists of the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents, and is responsible for key decisions about interest rates and the growth of the United States money supply, disagree among themselves: some argue that there is no harm in waiting until next year, while others insist the Fed should have moved already.

Many economists thought that the Fed would begin raising short-term interest rates this past September, but recent turbulence in emerging markets – particularly China – as well as falling oil prices, pushed back those expectations. It remains to be seen if there will, in fact, be any rate rise, this year, at all.

Bay Area Leads State in Population Growth

According to the latest census information, the population of California is approximately 38.3 million people. The San Francisco Bay area, home to five of the state’s seven fastest growing counties, so far, this decade, leads the state in population growth. Alameda County, in the East Bay, fueled the increase; from April 2010 through June 2014, it added more than 100,000 residents, growing from 1,510,271 in 2010 to 1,610,921 – an increase of 6.7 percent. Santa Clara County ranked fourth in population growth, going from 1,781,672 residents to 1,894,605. Contra Costa ranked fifth; it increased from 1,049,025 residents to 1,111,339. San Francisco County ranked sixth and San Mateo County ranked seventh in population growth.

San Francisco, the state’s fourth-largest city, grew by 10,600 people in 2013, a 1.3 percent increase that brings its total to 836,620 residents. Over the past four years, San Francisco’s population grew by more than 31,000 people.

Several factors have contributed to the Bay area’s rapid growth: more births than deaths overall in the state; immigration from other countries; a boost in employment in the tech corridors of the Bay area; and a rebound effect following the foreclosure crisis of several years ago, which hit Alameda and Contra Costa Counties particularly hard.

While more people means more jobs, and more cultural vibrancy, it also means increased congestion in the public transportation sector and more traffic jams on roads and bridges. Congestion is up throughout the Bay Area, but it is worst in the East Bay, which in 2013 accounted for seven of the region’s 10 worst gridlock hot spots, according a recent report from the Metropolitan Transportation Commission.

In addition, the growth in population has outpaced the growth in housing, pricing some people out of the market. Since 2010, housing construction has averaged 2,020 units per year in Alameda County and 1,484 units in Contra Costa County — far below historic averages. As a state, California added 59,000 housing units last year, compared with 45,000 in 2012. Meanwhile, the average rent has soared 41 percent to $1,934 in Alameda County and 30 percent to $1,622 in Contra Costa County, over the same time period.