Giants’ Giant Development Plan for AT&T Parking Lot Approved

After more than a decade of planning, the Giants’ Mission Rock project secured a round of city approvals on Thursday to build up to 1,600 homes with 40 percent of the units priced for low-and moderate-income households.

In addition, according to the San Francisco Examiner, Mission Rock will include 8 acres of open space, 1.4 million square feet of offices and roughly 244,800 square feet of retail and industrial spaces. The project also calls for the renovation of the adjacent Pier 48 bulkhead.

The Planning Commission unanimously voted to certify the environmental review of the project, among other approvals. The project will still need to go before the Board of Supervisors, Port Commission and state bodies.

But hey, this at least gets them to first base, and we say way to go! That massive parking lot south of the stadium couldn’t remain a parking lot forever.

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Long-Awaited Eight Tables Opens Tonight, Breaking New Ground

As we understand it, Eight Tables opens tonight, following two years of construction and preparation.  The restaurant brings a whole new concept to the City, based on an elite style of dining in China.

This is how Ellen Fort, with sf.eater.com, describes Eight Tables in the context of San Francisco’s current dining scene:

“Years after cementing itself as the birthplace of California cuisine, San Francisco has now become known as the “Land of the Tasting Menu.” The perfect storm of tech affluence, international travelers, and ambitious chefs has resulted in some of the country’s best dining experiences (and most Michelin stars). Now, there’s a new contender in town: Eight Tables by George Chen, the fine-dining apex of Chinese food and retail emporium China Live.”

“The menu is one of the city’s most expensive, clocking in at $225 for food, with an optional $125 wine pairing in tow. It’s also one of the most ambitious of its kind to open in recent memory, based on its construction bill (and lead time of over two years) alone. It’s also singular in its cuisine, which is shifan tsui, or “private chateau cuisine,” an elite style of residential dining in cities of China. There aren’t many Chinese restaurants operating at this level in San Francisco; unlike Mister Jiu’s, the upscale, one Michelin-starred restaurant down the street, it is focused only on serving prix fixe menus to small groups of diners each night, literally offering eight tables of varying size for reservation only.”

To see photos and read the entire review, click here.

Eight Tables  China Live, 644 Broadway, 415.788.8788

San Francisco’s Latest Census Report

Sf.curbed.com just posted a piece that summarizes the results revealed in San Francisco’s latest census. The American Community Survey (ACS) provides an estimate on the latest population, income, and demographic makeup of San Francisco.

Unlike the full census, released only every 10 years, the ACS provides a yearly look at the changing makeup of American cities, although it is generally less precise. Bottom line? In 2016 San Francisco got bigger, richer, younger, and more crowded.

The City’s overall population grew to 870,877. That’s up from the 864,816 estimate the year before. Notably, this 6,000-person bloom is far less than the 11,000-13,000 we’ve seen in recent years.

Median household income is now $103,801/year. Yes, that’s a lot. Last year it was less than $92,100. The number of people living below the poverty line dropped from 12.3 to 10.1 percent.

The City’s median age is 38 years old. That’s down from 38.3 last year and 38.5 at the beginning of the decade. Perhaps surprisingly, the CIA World Factbook estimates that the general U.S. median is almost precisely this same number.

To read the entire sf.curbed.com piece, click here.

How to Make a Difference in the Wake of the Hurricanes

What has happened in recent weeks is almost incomprehensible. Massive hurricanes, one after the other, have done incredible damage across large swathes of Texas, the Caribbean, and Florida.

Recovery from all of this devastating destruction will take a lot of time, and an extraordinary amount of money.  If you wish to make a donation, perhaps the best place to start is with the Red Cross. That organization will be there for survivors as they begin to rebuild their lives.

What’s more, be sure you are prepared for disaster right here at home. Make plans now with family and friends, so that you can collect yourselves, and take care of yourselves, in an emergency. The forces of nature are not to be taken lightly, as these recent storms, and the large earthquake in Mexico, have reminded us yet again. Visit SF72.org to learn more.

Weekend Events and the Weekly Real Estate Update

J-POP SUMMIT takes place on Saturday and Sunday at Fort Mason. The annual festival features the latest in Japanese music, fashion, film, art, games, tech-innovations, anime, food, as well as niche subcultures! Meanwhile, San Francisco Opera is celebrating the opening of its 95th season, and once again the opera company invites you to join them for Opera in the Park this Sunday at Sharon Meadow in Golden Gate Park. It’s a free event!


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 9/3/17 – 9/9/17

Declining Home Sales Across the Nation Due to Low Inventory

The National Association of Realtors® just released their July report on the nation’s real estate market. It’s worth mentioning that the market conditions that existed in July are still with us today. According to the report, much of what we have experienced in San Francisco is now taking place across the country.

The report looks at pending home sales for the nation as a whole, and describes a continuing decline. Fewer homes are being sold because fewer are available for sale. Lawrence Yun, NAR chief economist, continues to blame the weak real estate market on the lack of homes for sale and called the inventory woes throughout the country “staggering.”

According to Yun, in the past five years, the national median sales price has risen 38 percent, while hourly earnings have increased less than a third of that (12 percent). This unsustainable trend is putting considerable pressure on affordability in some markets — especially for prospective first-time buyers — and is pricing out some households who would otherwise be looking to buy a home. Yet, despite this growing obstacle, Yun says data and feedback from Realtors® continues to confirm that the slowdown in existing sales since spring is the result of a supply problem and not one of diminished demand.

These are market conditions that San Franciscans are all too familiar with. If you’ve ever considered selling your home, clearly, this is a great time to do so!

Meditation Pop-Ups Have Arrived in San Francisco

At this point, we should all be meditating — the practice has been clinically proven to help our brains with everything from basic function to anxiety disorders, writes Margaux Lushing in a recent 7×7.com post. The cost of entry can be high, however, in terms of time and/or expense. That, and traditional sitting postures can be just darn uncomfortable.

Pop-ups to the rescue. The writer looks at two meditation startups and talks to their founders. Their common goal seems to be to meet people where they are, offering an approachable type of meditation for the western world.

The two pop-ups profiled in the piece are Pacific Pause and Within.  We’re fans of highly regarded  transcendental meditation as taught by TM San Francisco, but short of that, these pop-ups are a good place to get started! Both offer guided mindfulness meditation — and really, can’t we all use a bit more of that these days.

Market Street to Ban Private Vehicles in Coming Years

Once again we start the week talking about construction, and projects in the works. That might be because construction is taking place all over the City, and San Francisco will emerge in a few years as a very different place. Fingers crossed, all for the better!

Hoodline reported last week that significant changes are coming to Market Street. We’ve heard about this for years, but it looks like construction could start in late 2018 or early 2019.

The $604 million Better Market Street project is set to bring pedestrian, bicycle, and public transportation improvements to 2.2 miles of one of the City’s busiest streets, between Octavia Boulevard and the Embarcadero.

Once the project is completed, plans include restricting private vehicles from certain portions of the street. Market between 10th Street and the Embarcadero could only see commercial vehicles, buses and the historic F-Line streetcars.

For more details and to see some illustrations that show how Market Street may look in the coming years, click here.