Bayhill Ventures, a San Francisco-based real estate development and investment firm focused on multifamily, commercial, and mixed-use properties across the western United States, submitted entitlement approvals for 530 Howard Street, a for-lease residential development in the Transit Center District of Downtown San Francisco.
“This significant investment in our Downtown is another infusion of confidence and excitement for the future of San Francisco. We are focused on doing everything we can to bring more housing and vitality Downtown, and I want to thank Bayhill Ventures for working to deliver on that effort,” said Mayor London Breed. “Turning a parking lot into housing, including affordable housing, is exactly what we need to do to build a stronger, more resilient San Francisco. It’s good for the future of our City, for our restaurants, and retail, and for the long-term health of our entire economy.”
“We believe there continues to be a strong need and desire for housing in Downtown San Francisco which will support a more diversified and balanced ecosystem for residents, businesses and their employees,” said Bayhill CEO Paul Paradis. “I have been active in this submarket for decades and I’m pleased that Bayhill will provide much-needed market rate and affordable housing, as well as employing skilled labor in the near term. We believe in the City’s ability to continue to attract forward-leaning technologies, as well as both large and small corporate companies alongside other business services, retail, and dining.”