San Francisco officials are seeking a developer to take on one of the largest Transbay District parcels, a site approved for 740 housing units that will likely attract a who’s who of local builders.
Last week, city officials issued a request for proposals for Block 8, a 42,000-square-foot property on Folsom Street between First and Fremont streets. Responses are due Feb. 26, 2014.
The project is the fifth major site the city has put on the market as part of the Transbay District. In total, 10-acres of properties are being sold off to raise money for the Transbay Terminal, a transportation hub deemed the Grand Central Station of the West. The RFP requires a 550-foot tower, townhouses and two podium buildings with 27 percent of the units as affordable.
Credit: SF Business Times