Cultivating Placemaking with ULI - 10/13

BUILD's Lou Vasquez will be participating in a placemaking panel for one of ULI's educational programs in Sacramento. The program will highlight various placemaking projects from around the region and Bay Area, including programs by the City of Sacramento. The goal is to discuss what creative placemaking is, showcase projects, understand impacts on real estate, and learn how to successfully implement placemaking strategies. 

The full panel includes:

  • Kimberly Garza, ATLAS Lab Inc. (the Maker)
  • Kay Cheng, San Francisco Planning Department (the Doer)
  • Lou Vasquez, BUILD (the Builder)
  • Ash Roughani, Sacramento Mayor's Office for Innovation & Entrepreneurship (the Implementer)

For more information and to register for the invent, please visit the ULI event site.

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Source: http://sacramento.uli.org/event/cultivatin...

Katie O'Brien to discuss Development Trends at BisNow's SF Multifamily Luncheon

BisNow's annual San Francisco Multifamily Summit is on October 11th and BUILD's Katie O'Brien is one of the featured speakers. She will be part of a panel discussing development trends in a city that continues to have the most expensive housing market in the country.

Learn more about on the BisNow event page.

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Source: https://www.bisnow.com/events/san-francisc...

Concerts in the Plaza

The newly open Dogpatch Arts Plaza at BUILD's O&M project is hosting a fall concert series. Concerts are on Tuesdays and Saturdays from noon to 1pm. We encourage everyone to bring their lunch and enjoy the sun and music at this great new public space!

Also, follow #DogpatchArtsPlaza on Instagram and Facebook to stay up to date with all of the great events organized by the Friends of Dogpatch Arts Plaza (www.facebook.com/pg/DogpatchArtsPlaza).

DAP Concert Series 2017 Poster.jpg

News Article: "City, developer cut deal to get big tower at One Oak St. built"

This San Francisco Chronicle article by J.K. Dineen details the latest development in BUILD's One Oak project, which will build 304 new homes in San Francisco and fund more than 100 permanently affordable units as well. As described in the article, a few local community members who were appealing the project have withdrawn their opposition. 

Source: http://www.sfgate.com/politics/article/Cit...

News Article: "Why developers are taking longer to lease up new apartment buildings"

In this San Francisco Business Times article, Blanca Torres reports on current leasing rates for new apartments in San Francisco. She finds that a record number of units were delivered during the last 18 months (4,000 units delivered in 2016 alone) and, as a result, leasing rates are slightly slower than previous years (buildings are averaging 16 new leases per month, compared with averages of 24 units per month between 2013 and 2015). BUILD's Lou Vasquez is quoted in the article pointing out that while it's slower than past years, units are still "going to be absorbed very quickly."

The article also points out that the San Francisco housing market remains "chronically undersupplied" and that "Bay Area housing production pales in comparison to other metropolitan areas". With conditions that continue to make it difficult to build new homes, the city will continue to feel the pressure of housing shortages.

"BUILD has leased about half of 650 Indiana St. (O&M), a 116-unit building in the Dogpatch, since May. That’s about 15 units per month — not great, but not bad — said Lou Vasquez, co-founder of BUILD."

"BUILD has leased about half of 650 Indiana St. (O&M), a 116-unit building in the Dogpatch, since May. That’s about 15 units per month — not great, but not bad — said Lou Vasquez, co-founder of BUILD."

Source: https://www.bizjournals.com/sanfrancisco/n...

DAP Mural painted

Artist Victor Reyes has completed painting the mural that encloses one side of the new Dogpatch Arts Plaza, which is wrapping up construction at our 650 Indiana project

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Victor is a painter and muralist whose work can be seen throughout San Francisco. You can see more on his website: http://reyes78.com/

The Plaza's second major art piece--"The Centaur" by Laura Kimpton and Antonio Ruperto--is scheduled to be installed before the end of September in time for the Plaza's grand opening in the first week of October.

You can learn more about the Dogpatch Arts Plaza and its community events, including an upcoming concert series, at http://www.dogpatchartsplaza.org/events-1/

News Article: "Will developers pounce on rare, 31-acre San Francisco waterfront site?"

The San Francisco Business Journal reported on the beginning of a community engagement process as the City and PG&E Corporation work toward the redevelopment of the 31-acre site of the former PG&E power plant near Hunters Point and India Basin. As reported in the article, this site is one of the last large parcels in this rapidly developing area. It is just north of BUILD's India Basin project.

BUILD's Lou Vasquez is quoted in the article commenting on the large amounts of new office space and housing that could be created in the area. 

Full article here: https://www.bizjournals.com/sanfrancisco/news/2017/08/10/pge-pcg-sf-power-plant-site-redevelopment.html?ana=e_du_prem&s=article_du&ed=2017-08-10&u=j1OE7NPYOY7l8OIqAFFhL1U%2Bghc&t=1502429125&j=78680811

(Image by Chris Carlson article on FoundSF)

(Image by Chris Carlson article on FoundSF)

News Article: "As millenials reject car ownership, developers reduce parking in projects"

BUILD's One Oak project is featured in this San Francisco Business Journal July 27th article about the reduction of parking in new development projects: "As millennials reject car ownership, developers reduce parking in projects"

As described in the article, the One Oak project--which will replace an existing parking lot--has the lowest parking ratio in a high-rise condominium project in San Francisco, with only 136 parking spaces for 304 condos. 

Source: https://www.bizjournals.com/sanfrancisco/n...

One Oak receives Planning Commission approval

On Thursday, June 15th, BUILD was pleased to receive support from the San Francisco Planning Department and approval from the San Francisco Planning Commission for our 304-unit One Oak project at the northwest corner of Market Street and Van Ness Avenue. 

The approval was covered by a number of local news outlets including the following articles: 

"SF planners OK Market-Van Ness condo high-rise" by J.K. Dineen in SFGATE (6/15/2017)

"400 million SF condo tower wins key approval despite parking fite" by Roland Li in the San Francisco Business Times (6/16/2017)

As part of the approval process, BUILD shared some of the most recent renderings of the building's design and public plaza space:

O&M - Now Leasing!

116 apartments are now available to lease at BUILD's O&M project in San Francisco's Dogpatch District. The residences were crafted to fit the character of the neighborhood, which has grown from its industrial days into a creative haven for foodies, artists, and small businesses.

The community has expansive rooftop decks with fire pits and barbeques, on-site bicycle storage, an on-site cafe from the local Piccino owners, and on-site underground parking. It is walking distance to grocery stores, shopping and restaurants; only .3 miles to MUNI and .4 miles from CalTrain, and has an new adjoining Arts Plaza with outdoor gallery and event space. 

Check out the leasing website: oandmsf.com and schedule a tour!

 

An Inconvenient Barn

As documented in this San Francisco Magazine article by Danelle Morton--"An Inconvenient Barn"--BUILD has worked closely with neighbors of our India Basin project to find win-win solutions. This article details how BUILD has spent two years working with India Basin resident Michael Hamman to incorporate his property and historic barn into the new design for the neighborhood. We are proud to have structured an arrangement that maintains the historic structure, reconnects it with the Bay shoreline, provides a more cohesive design for the development project. 

Source: http://www.modernluxury.com/san-francisco/...

Will rising construction costs choke the Bay Area's development pipeline?

In this article, the San Francisco Business Times highlights something that BUILD has been experiencing on the front lines throughout 2016: construction costs are high and rising to rates that are making development tough to underwrite.

BUILD's managing director, Lou Vasquez, helps explain in this article how first, the Bay Area lost a lot of its construction labor during the Great Recession and then, large projects such as the TransBay Transit Center and Apple's Cupertino campus have occupied huge numbers of sub-contractors and construction workers. As developers try to push forward their housing projects, contractors are in hot demand and keep raising prices. Ultimately, projects become too expensive to build and are put on ice. Ironically, as housing projects stall, rent continues to increase and the region becomes less and less affordable for the construction workers needed to build the housing (and everyone else). 

As with all market cycles, this one is likely to come down as the megaprojects finish up and the construction market cools. 

Read the full article here.

 

Source: http://www.bizjournals.com/sanfrancisco/bl...

Can S.F. build its way out of the housing crisis?

The San Francisco Business Times explored current and projected housing construction in this recent article titled "S.F. will see more new apartments in 2016 than it has for decades. Can it build its way out of the housing crisis?"

As BUILD's Lou Vasquez helps explain in the article, while the city has produced more housing in 2016 than at any other point in recent decades, this is an anomaly that does not appear to be a lasting phenomenon and will have minimal impact on housing costs. The rent incentives being offered in new buildings are a short-term tactic to expedite initial leasing and likely will not impact the rest of the rental market. 

Read the full article here, and then the follow-up article "Will rising construction costs choke the Bay Area's development pipeline", where Lou also comments on how the region's astronomical construction costs are choking off further housing development and will contribute to much lower home construction numbers in coming years. 

Source: http://www.bizjournals.com/sanfrancisco/ne...

Peak2Peak stops at Dogpatch Arts Plaza

Every year, Walk SF organizes a day-long urban hike featuring some of San Francisco's sweeping views and hidden gems. This year, one of the first stops along Peak2Peak is at the Dogpatch Arts Plaza, where Build Public will share information about the new public plaza and the Green Benefit Districts they are developing to help support these community assets.

BUILD is proud of the work that Build Public is doing and glad that our O&M project is supporting more gathering spaces for San Franciscans.

RON BLATMAN @ BUILD: IDEAS

Remaking the American Metropolis

September 21st, 2016

Ron Blatman
Executive Producer
Saving the City: Remaking the American Metropolis

Ron is Executive Producer/Producer of Save the City: Remaking the American Metropolis, a 13-part TV series in the works highlighting successful and unsuccessful examples of urban redevelopment throughout the US and Canada. Visit savingthecity.org for more information including preview videos.

He was also Executive Producer/Producer for Saving the Bay: The Story of San Francisco Bay, a national prime time PBS TB series which aired over four weeks in 2011 and continues to be repeated around the country. Narrated by Robert Redford, Saving the Bay covers San Francisco Bay from its origins to the present and highlights three pioneering women who saved the Bay from becoming little more than a river in the 1960s. Visit savingthebay.org for video clips. 

Ron previously worked in real estate development and finance in his native San Francisco and on Wall Street in New York, as well as serving as Director of Business Development in the San Francisco mayor's office in the early 1990s. He was the mayor's point man for keeping the San Francisco Giants baseball team in the city as well as a catalyst for a major new Federal office complex. 

 

"Rising Tides: Designing Resilient Amenities for Coastal Cities"

On September 1, 2016, Urban Land published this article about how developers on all coasts of the United States are balancing the demand for waterfront development with the threat of rising water levels. 

BUILD's India Basin project is featured for our integrated planning efforts with neighboring city-controlled Shoreline Park and 900 Innes parks and for our design, which calls for over 6 acres of terraced wetlands and open space that will provide a storm buffer, a community amenity, and native habitat improvements.

Source: http://urbanland.uli.org/sustainability/in...