BAY AREA REAL ESTATE NEWS
Curbed SF has a nice fact check on mayoral candidate Jane Kim's SF Examiner op-ed on housing creation. As with most campaign promises, nothing is as simple as claimed, with many of her remarks getting a "not quite" or "however" from the site. Most grimly, they note, "there’s no way to stop unscrupulous types from tearing down cheaper housing and building more expensive homes; this is almost always true."
A high-profile plan to turn SF's crumbling Pier 29 into a 20,000-square-foot retail mecca including a craft-beer brewery, a wine tasting site and a coffee roaster is on indefinite hold, it appears, after the real estate developer chosen for the task dropped out. Jamestown LLC, an Atlanta-based real estate developer whose portfolio includes four large SF locations including Ghirardelli Square, is now saying that the cost to renovate the pier is too high, and their lease term is too short, the Ex reports. Now it's back to square one, with the Port Advisory Commission saying they'll issue a new Request for Interest next month.
A huge development is planned for San Francisco's Excelsior District. As reported by SocketSite, the site envelops the Safeway at 4950 Mission Street, and would rise as high as seven stories to yield 428 apartments, 175 of which would be below-market units. It would also include a new 53,000 square foot Safeway, an additional 13,500 square feet of ground floor retail space, and a mid-block public plaza and passageway running from Alemany to Mission.