Tag Archives: Property

San Francisco New-Housing Construction Trends

San Francisco New-Housing Construction Trends

Within its 47 square mile envelope, San Francisco is already
the 2nd most densely populated city in the United States,
and it’s growing denser, more affluent and more expensive.

May 2014 report with 13 custom charts

The following charts are mostly based on the San Francisco Planning Department’s excellent Housing Inventory and Pipeline reports, which can be accessed using the links at the bottom of this article. Quotes below are excerpted from these reports.

Packed with information, the data in one report section will not always agree perfectly with that in another – due to the multiple sources of data used by the Planning Department – and this is reflected in our charts as well. In the complex, lengthy process of application and review, public hearings (and, lately, ballot proposals), revisions, entitlement, permitting, construction and completion, how and when a project is counted may vary. Housing units are being built and being removed, and there are so many types: rental or sale, market rate or affordable, social-project housing or luxury condominiums.

Last but not least, this landscape is in constant flux: new projects, plan changes, and shifts in economic and political realities. Everything below is simply a good faith estimate. The basic reality is that San Francisco, after its recent 2008-2012 new-construction slump, is now experiencing a building boom. So far, however, it has not been able to keep up with population growth and rising buyer/renter demand.

 

New construction authorized typically will not show up as housing units completed until later years. And, of course, a developer can decide not to build after authorization if market circumstances change. The post-2008 drop in authorizations is clearly illustrated here.

“Some of the larger projects completed in 2013 include: 1190 Mission Street (355 market-rate units and 63 affordable units), Rincon Green (277 market rate units and 49 affordable units), Nema (279 market rate units and 38 affordable units).”

“Very large projects (200 units or more) filed in 2013 and are under Planning Department review include: Mission Rock (1,500 units); 150 Van Ness Avenue (429 units); 41 Tehama Street (398 units); 1066 Market (330 units); 950 Market Street (316 units); and 1301 16th Street (276 units).”

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A glance at the recent past, the present and the possible future of new housing construction in the city. New projects are continually entering and moving through the pipeline, and existing plans may be changed or even abandoned.

“There are currently 857 projects in the pipeline. Of these, 74 percent are exclusively residential and 17 percent are mixed-use projects with both residential and commercial components. Only 8 percent of projects are non-residential developments. A net total of 50,400 new housing units would be added to the city’s housing stock according to current data. Around 18 percent of all projects, representing 6,000 net added housing units and 2,750,000 sq. ft. of commercial space, are under construction. Around 20 percent of projects (with another 4,200 net units and 3.8 million sq. ft. of commercial space) have received building permit approvals. As of the time of writing, some may have moved to the construction phase.”
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John Muir Would Be Proud & Your Hipster Friends Would Be Envious

Nestled among old growth Redwoods practically smack dab in the middle of Napa and Sonoma, this property is your ticket out of the city, and into serenity.
redwoodrd

Picture yourself walking among old growth Redwoods, coffee in hand, the sound of a creek rustling by, deer crossing your path, sun shining through the towering trees, a warm breeze blowing by, and nobody around…for miles. No taxis, no buses, no trash, no fog, no nothing…just nature. Sounds great, right? Here’s the catch.

4520 Redwood Road, Napa, CA (45)

It needs work…quite a bit of work. BUT! With a little creativity, vision, and patience, 4520 Redwood Road, Napa could be made into your very own, unique, escape, different from all of your friends’ typical Napa or Sonoma Vineyard homes.

For $275,000 you could practically steal the property, tear down the structure, go minimal by throwing up a pre-fab,
enovo-modular-homes-1

or shipping container made mostly of glass, put your bathroom in the woods (surround it in glass too, nobody will see you), put a “Beware of Dog” sign on your very own bridge (even if you don’t have a dog), and live the life you simply can’t do here in San Francisco. Secluded. Away. Off the grid.

John Muir would be proud of you for escaping the city and living in the woods. Your friends would envy you. AirBNB or VRBO could fund you. And your hipster status would be off the charts!

And when you get tired of it…it’s only an hour’s drive to come back.

Ahh…serenity now…

-4520 Redwood Rd, Napa, CA $275,000 [MLS]