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 One Steuart Lane @ 75 Howard:
- Approved 2015, Ground Breaking Expected 2017 and Anticipated Completion 2019
- About 120
- As proposed by the developer: lots of it! The building is seeking a 1:1 entitlement for parking
- Unannounced at this time
- Unnanounced at this time
- Valet Parking, 24 hour front door attendant, Bay Bridge views
- The John Buck co. And SRE
- Paramount Group
- Skidmore, Owings & Merrill LLP
One Steuart Lane
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.
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 scaled back the proposed height to fit within the 220′ high current zoning limit in April, 2015. 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.
One Steuart Lane @ 75 Howard Construction Schedule
Probably years away. The building is working through entitlements and approvals as of May 2015.
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.
Also unannounced 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.
75 Howard – developer site
75 Howard – Socketsite