181 Fremont proposes 700′ tall mix of retail, office, and residential
|December 3, 2012||Posted by jamie under Buildings||
2017 update: Please learn more about this exciting addition to Rincon Hill at the project website.
Another week, another high-rise project in the Rincon neighborhood!
The 181 Fremont Street project would get built on two lots which currently contain a 2-story and a 3-story commercial building, in between the wonderful Town Hall restaurant on the corner of Howard and Fremont and the Transbay Transit Center mid-block between Mission and Howard Streets. The Planning Commission will hear about it this Thursday at their usual meeting that starts at Noon at City Hall, Room 400. It is Item 13 – the 700′ foot tall building. Here’s the packet of information for your reading and visual pleasure.
rendering by steelblue for SKS Investments LLC
From the project sponsor:
181 Fremont is a privately owned parcel and mixed-use development within the Transit Center District Plan providing new office space, retail and housing for a new downtown neighborhood.
The Transit Center District Plan consists of approximately 145 acres surrounding the new Transbay Transit Center currently under construction between Mission and Howard Streets stretching from Beale almost to 2nd Street creating a new regional and statewide transportation system and new housing that is transit-friendly. The Plan was unanimously approved by the Mayor and Board of Supervisors
Upon completion this transit hub will connect eight Bay Area counties and the State of California through AC Transit, BART, Caltrain, Golden Gate Transit, Greyhound, Muni, SamTrans, Amtrak, paratransit services and the voter approved California high speed rail project.
181 Fremont is a cornerstone of the plan to create a new neighborhood with homes, offices, parks and shops surrounding the new Transit Center. The project embodies the core principles of the Plan by primarily building office and retail space with a notable amount of residential space. It focuses on transit-oriented development and utilizes superior urban design standards to achieve environmental and economic benefits.
181 Fremont complies with all general plans, planning code and zoning code requirements as outlined in the Transit Center Plan.
181 Fremont as proposed is a 52 story building comprised of office space totaling 404,000 square feet, 74 units residential units including on-site affordable housing, retail space, and publically accessible dedicated open space that provides key public access to the new City Park atop the Transbay Transit Center.
The architecture, design and LEED elements of project seek to optimize environmental benefits and add public amenities and valued downtown open space while respecting established land use patterns and urban form. Incorporation of design features and sensitivity to the new Transbay Tower proposed by Hines will compliment future development.
Some of these features include:
o Bird friendly finishes on glass
o Energy and water efficient building systems
o Public access to the City Park and open space and dedicated public amenities
o Pedestrian, bike, sidewalk and street improvements
181 Fremont builds critically needed downtown office and housing space ideally situated close to transit providing connectivity and ease for workers and residents alike. Affordable housing units to be provided on site.
181 Fremont will provide parking consistent with Transit Center District Plan – honoring transit first policy by refining the Downtown Parking Plan.
In addition to paying the standard impact fees, the developer is paying significant new impact fees for Transit Center District to fund public improvements and infrastructure and other public benefits for new neighborhood. On top of these impact fees additional property taxes are being levied on developer through the establishment of a Mello-Roos Community Facilities District to pay for neighborhood improvements.
The developer of 181 Fremont is San Francisco based SKS Investments, a locally owned developer and operator of commercial real estate focused in the Bay Area. Founded in 1992, the firm is committed to the highest standards of integrity and responsibility with investments and development projects. SKS Investments has a proven track record for success in San Francisco culminating from its strong operating capability and ability to identify emerging demographic and market trends.