I will share articles, data, tweets, and everything in between each week that I want people interested in Bay Area real estate to read.
Developer suspends plans for roughly 30-story Redwood City tower. "A developer that pitched a roughly 30-story senior housing tower that would have been San Mateo County’s second-tallest building has withdrawn those plans. R&M Properties is the Palo Alto firm behind planned development, which would soar 310 feet over downtown Redwood City at 1800 Broadway and 910 Marshall." (San Francisco Business Times)
More than 800 homes pitched in Pleasanton as city explores major annexation. "Pleasanton is considering annexing into its city limits at least 80 acres of Alameda County land on which two developers want to build more than 800 homes and some industrial space...Staff estimate that bringing these projects into city limits could have financial benefits totaling $903,000 annually, and would go towards the 6,000 new homes it must plan for the state's 2023-2031 RHNA cycle." (San Francisco Business Times)
S.F.’s workforce keeps moving farther away from their jobs. Here’s how far they live. "San Francisco saw the nation’s biggest jump in the percentage of the workers living 50 or more miles from their jobs from 2012 to 2022, compared with the top 25 cities with the largest workforces in the U.S. Experts said this was fueled by remote work and high housing costs. By 2022, 18.7% of San Francisco’s workforce lived 50 or more miles away from their jobs, up from 13.7% a decade earlier." (San Francisco Chronicle)
Updates To 360 5th Street in SoMa, San Francisco. "Updated permits have been filed for the now-foreclosed project at 342-360 5th Street in SoMa, San Francisco. The parcel has been a stalled pit in the ground since LEAP Development excavated the site in 2019. Paul Thompson of Novato-based Thompson Builders is now responsible for the application." (SF Yimby)
Downtown SF - Data Dashboard. "Downtown San Francisco is continually evolving, and tracking key data and monitoring trends is crucial to navigating these changes. To support neighborhood revitalization, we provide clear, actionable data to inform community members about Downtown SF’s recovery, including visitor activity trends, office market conditions, return-to-work status, and travel behaviors." (Downtown SF)