Developer density boosts; Sobrato affordable push; office distress + SF mega projects [developing]
Key Questions
What new housing developments were approved in San Jose?
A 272-unit affordable project at 860 W San Carlos received approval. The first condo sale in once-foreclosed towers signals revival efforts under SB79 upzoning.
How is modular construction impacting Bay Area housing?
Modular methods are achieving 60% cost reductions and 50% faster builds, adding supply momentum alongside a proposed $25B middle-class housing bond.
What changes are planned for San Francisco's Outer Richmond?
A 562-unit project including 113 affordable units plus a 7-story mixed-use replacing Safeway with 112 affordable units is under debate over grocery access impacts.
Which South Bay areas are seeing rezoning or protection shifts?
South San Jose SB79 upzoning and Coyote Valley protection are altering land values in Almaden and Willow Glen. Concord rezoning also signals broader East Bay supply increases.
What investor activity is occurring in South Bay mobile home parks?
Multiple parks changed hands in recent deals, indicating consolidation trends that carry rent control risks amid affordable housing pressures.
How are high-rise projects advancing in the Peninsula and North Bay?
SV/PA SB79 enables 17-story buildings while San Rafael advances 1600-unit high-rises. Fremont approved 290 affordable units with $11.5M support.
What major SF projects are contributing to supply growth?
Developments at Candlestick, Mission Rock, Treasure Island, Pier 70, and the $2B Potrero site are progressing as part of mega-project pipelines.
Why is there debate around the Safeway redevelopment in SF?
Plans involve demolishing the store for mixed-use housing, raising concerns about losing grocery access in the Outer Richmond neighborhood.
SV/PA SB79 17-st; New SJ 272u affordable at 860 W San Carlos approved; Fremont Centerville 290 affordable $11.5M; SF Outer Richmond 562u. Modular construction (oWow: 60% cost cut) and $25B CA middle-class housing bond add supply momentum.