A new partnership between the City of San Francisco and the federal Housing and Urban Development (HUD) agency will fund the rehabilitation work of potentially more than 4,500 public housing units. Mayor Ed Lee and HUD Secretary Julián Castro announced on Feb. 19 an agreement for a $1.4 billion transformation plan for San Francisco’s public housing system that will allow the city to leverage approximately $780 million in investor equity and other new resources and allow for the rehabilitation of up to 4,584 public housing units for 5,400 low-income San Franciscans.
Construction of the replacement hospital for the California Pacific Medical Center’s St. Luke’s Campus at Cesar Chavez and Guerrero streets is progressing as scheduled. A partnership formed by Herrero Builders and The Boldt Company is acting as the general contractor for Sutter’s CPMC hospitals at the intersection of Van Ness Ave. and Geary Blvd. as well as at St. Luke’s. Construction of the two new hospitals will cost $2 billion and employ up to 1,500 workers in the construction trades over the life of the project.
At a press conference on Dec. 17, the developer committed to preserving the facility at its current location at Sixth and Brannan streets in SoMa. Kilroy also pledged to build a new, state-of-the-art facility and offered all vendors and tenants a five-year extension of their leases at their current rent and terms.
A new 32-story residential tower at 299 Fremont St. is now at about two-thirds of the way up, rising alongside the eight-story apartment complex at 280 Beale St. also under construction on Block 6 of the Transbay Transit District. The two buildings, with a connecting parking structure, broke ground in December 2013. Golub & Co. is the developer for the $200 million, 409-unit luxury high-rise complex, with non-profit developer Mercy Housing California building the 70-unit affordable rental building. The complex will also include a row of seven townhouse residences, a ground-level courtyard and street-front retail along Folsom and Fremont.
Delegates to the San Francisco Building and Construction Trades Council voted to endorse Mayor Ed Lee for re-election at a meeting on Jan. 15. Mayor Lee attended the meeting and talked about his record and improvements in the city’s economy over the last few years.