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75 Howard

A luxury condo development with about 120 homes and phenomenal views of the bay is proposed to replace an 8 story parking structure at Howard St and The Embarcadero.

Quick Facts about 75 Howard

Year Built: Proposed

Number of homes: About 130

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75 Howard @ The Embarcadero

SFAR MLS sub-district 9h/South Beach

Will These Homes Be Rented or Sold?

We believe they will be sold, if/when they are built.

Overview:

Currently a privately owned parking garage, the proposed tower at 75 Howard has been controversial with neighbors opposed to the originally proposed height. The developer recently (late April, 2015) scaled back the proposed height to fit within the 220′ high current zoning limit. As a result of reducing the size to stay within zoning limits, affordable housing projects lost projected revenue dollars to complete an affordable housing development.

As currently proposed the building will have ground floor retail with about 133 homes above. Original plans called for a 1:1 parking ratio, as of the last update nothing had been approved by planning.

Quick Facts

Developer: Paramount Group
Builder: unannounced
Architect: Skidmore, Owings & Merrill LLP
Listing Agent: unannounced

75 Howard Construction Schedule:

Probably years away. The building is working through entitlements and approvals as of May 2015.

Pricing:

Unannounced at this time. Pricing is typically the very last item that a developer decides upon, so we don’t expect to have this information until the sales office opens.

75 Howard Parking:

As proposed by the developer: lots of it! The building is seeking a 1:1 entitlement for parking.

Amenities and Finishes:

Also unnanounced at this time.

Below Market Rate (Inclusionary Housing) Homes:

Original plans had the developer paying an “in-leiu” fee that would have substantially paid for  the construction of a separate off-site affordable housing building in the Tenderloin at the corner of Eddy and Taylor. As of June 2015, it appears they will just pay the fee of about $10,000,000.

Listing Agent:

Currently unknown

 

Other sources:

Curbed

75 Howard – Rincon neighbors

75 Howard – developer site

75 Howard – Socketsite