As expected, the proposed framework for rezoning San Franciscos 84-acre Hub District, a burgeoning area which is effectively centered around the intersection of Van Ness and Market, within the Citys Market and Octavia Plan Area, has been adopted by San Franciscos Planning Commission.

In addition to improving and activating the areas streets, alleys and public realm, the Hub District Plan, which is now formally known as the Market Octavia Plan Area Amendment, would allow for the development of a taller, larger, denser, and more diverse array of buildings and heights, including the potential for a tower to rise up to 650 feet in height at 1 South Van Ness Avenue, cementing the intersection as the visual hub of the neighborhood.

If San Franciscos Board of Supervisors concurs, the public hearings for which will likely commence this Summer, the Plan Area Amendment would allow for up to 9,710 new residential units to rise within the boundaries of the District with room(s) for nearly 20,000 new residents (versus a maximum of 8,070 new units as currently zoned).

And while the plan would result in the development of some new office space as well, such as at the base of the proposed tower to rise at 30 Van Ness, the net increase in the number of new area jobs that the plan is projected to yield, accounting for the loss of existing commercial spaces which would be redeveloped, is now effectively zero as compared to today.

Read this article:
Plan to Transform Burgeoning Area Approved by Planning - SocketSite

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May 24, 2020 at 4:32 am by Mr HomeBuilder
Category: Office Building Construction