“The San Francisco Redevelopment Agency has awarded Golub and Co. and Mercy Housing the rights to develop 557 units of housing on Folsom Street.  This is a deal that will generate upwards of $30 million that will be used for the Transbay Terminal.

Transbay Terminal Under Way

The proposal includes 407 units of market rate housing and 150 affordable units.  The site lays on Blocks 6 and 7 in the Transbay District on Folsom Street between Beale and Fremont; it is currently owned by the state. Golub and Co. would be responsible for the market rate housing while Mercy Housing will develop the affordable units.  The minimum bid to build was $18 million and Golub outbid the competition by well over 30 percent.  The $30 million will help pay for the $4.2 billion Transbay Terminal project…”

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent Sales
San Francisco Market Overview (the Single Family Home sector is looking up!)
Make it Your Own- MarketTracker is now customizable for you.
New Construction in Pacific Heights

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