• Supervisors pass legislation to register vacant storefronts
  • Plans drafted for 20-unit Candlestick Park development
  • 576-unit senior housing development planned for Parkmerced
  • Lyft files for IPO, beating Uber to the punch
  • Airbnb buys HotelTonight to build ‘end-to-end travel platform’

Board of Supervisors passes legislation to register vacant storefronts citywide

[Tuesday] afternoon, the San Francisco Board of Supervisors voted unanimously to approve new legislation that would improve the accuracy of the city’s vacant storefront registry. The measure, introduced by District 1 Supervisor Sandra Lee Fewer, is intended “as a crucial part of an ongoing effort to increase the vibrancy of commercial corridors” and combat retail vacancies, said Fewer’s legislative aide, Ian Fregosi.” CONTINUE READING ON HOODLINE

Plans for 20 New Condo Buildings Overlooking Candlestick Point

Plans for 20 new residential buildings to rise on a vacant 7-acre slice of land fronting Jamestown Avenue, a former Candlestick Park parking lot which overlooks the massive Candlestick Point redevelopment which is now underway below, have been drafted by Hunt Hale Jones Architects for Strada Investment Group. As envisioned, the 20 buildings would rise up to 40 feet in height, the maximum for which the site is zoned, and yield a total of 122 condominiums, ranging in size from 1,200 to 1,600 square feet, with 81 two bedrooms and 41 threes, a network of shared open spaces, and parking for a total of 180 cars (including 17 spaces for guests).” CONTINUE READING ON SOCKETSITE

New Plans for Three Towers to Rise on Shopping Center Site

“With the master plan for redeveloping Parkmerced having been drawn, approved and underway, new plans to raze the adjacent Parkmerced Shopping Center at 33-85 Cambon Drive, which backs up to 19th Avenue,have now been drafted as well… As envisioned, the “Park Heights” development, for which the site’s zoning, which is currently limited to 105 feet in height, would need to be changed, would yield 576 units of market rate “senior housing” (a mix of 32 studios, 384 one-bedrooms and 160 twos) over 77,000 square feet of new commercial space (which is roughly three times as much commercial space as currently exists), with an underground garage for 330 cars (including 176 parking spaces for the new residences).” CONTINUE READING ON SOCKETSITE

CCA Breaks Ground On Affordable Student Housing Project In S.F.

The California College of the Arts held a groundbreaking ceremony for its new student housing project at 188 Hooper St. in San Francisco Thursday. The $80M, 134K SF building will provide more than 500 students with below-market-rate, on-campus housing. It is CCA’s first on-campus housing, and will be able to house about 25% of CCA’s students upon its completion in 2020. The building has 280 single- and double-occupancy rooms.” CONTINUE READING ON BISNOW

Lyft files for IPO, beating Uber to the punch

The company filed paperwork on Friday to raise as much as $100 million in its public offering. That placeholder amount could change, depending on investor demand. It will list on the Nasdaq under the stock ticker ‘LYFT.’ After years of investors waiting for the long list of startups with billion-dollar valuations to come to Wall Street, 2019 is shaping up to bring a stampede of so-called unicorns. Uber, Airbnb, Slack, Pinterest and Postmates are all expected to go public this year.” CONTINUE READING ON CNN

Airbnb buys HotelTonight to build ‘end-to-end travel platform’

Airbnb has signed an agreement to acquire HotelTonight, the San Francisco-based company that uses an app to sell last-minute, unused inventory at boutique and independent hotels. Negotiation talks were first reported by the Wall Street Journal, though at the time, the story suggested talks had “gone cold.” The purchase illuminates how Airbnb, which is planning a public IPO, may be looking to boost growth potential and diversify, as a means of attracting investors. Purchasing a hotel booking site, or even buying hotels, analysts suggest, is an important step before going public, now likely to happen in 2020.” CONTINUE READING ON CURBED

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