Bayhill Ventures, a real estate development and investment firm based in San Francisco, announced on Thursday that it has submitted entitlement approvals for 530 Howard St., a residential development available for lease in the Transit Center District of Downtown San Francisco. The proposed tower will stand at 840 feet tall and consist of 71 stories, making it the third-tallest building in the city.
According to Paul Paradis, founder of Bayhill Ventures, there is a strong demand for housing in Downtown San Francisco which will contribute to a more diverse and balanced community for residents as well as businesses and their employees. With decades of experience operating within this submarket, Paradis is confident that Bayhill’s project will provide much-needed market rate and affordable housing while also creating job opportunities through skilled labor. He believes that the city’s ability to attract innovative technologies along with various corporate companies will continue to thrive alongside other business services, retail options,and dining establishments.
The upcoming tower at 530 Howard Street plans to offer 672 one- three-bedroom residences available for lease on what was previously an empty lot along with an existing four-story office building located between addresses500-540 Howard Streetand backing onto Natoma Street.Additionally,the propertywill featurea fifth-floor bridge connectingto Salesforce Park,a designated areafor vehicleand bike parking,and close toe30,square feetof amenity space.
This latest update from Bayhill marks significant progress towards bringingSanFrancisco its third tallest skyscraper yet without compromisingon quality or functionality.The post highlights howthe company aims topromote growthin bothresidential living optionsas well asthe local economythroughjob creationwhile remaining committedto providing exceptional amenitiesfor future tenants.This exciting new additiontothe downtown skyline showcasesBayhills’ dedicationtowards elevatingurban living experiencesinoneof themost dynamic citiesinthe country.
