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Subsequently, the voters of San Francisco reaffirmed the project in the November 1999 election by approving Proposition H, which mandated the extension of Caltrain to a newly rebuilt Transbay transit facility and the electrification of Caltrain. [52] [53] At the time, the downtown extension was estimated to cost $600 million. [54]
To finance the projects and promote development in the area, the Transbay Redevelopment Plan was adopted by the City of San Francisco in June 2005. By raising a number of building height limits and selling former freeway parcels, the plan envisions the development of over 2,500 new homes, 3 million square feet of new office and commercial space ...
When this project is completed, Caltrain riders would no longer need to transfer to Muni to reach the downtown financial district. The heavy rail portion of the terminal would be designed to accommodate the planned high speed rail from Los Angeles, which shares the right-of-way (Peninsula Corridor) with Caltrain between San Francisco and San Jose.
Despite years of claims from city officials that adding new home inventory is a public policy goal, San Francisco has granted just 16 new home construction permits in 2024. This comes against a ...
Construction on the shorter of the two towers was suspended in 2019 due to economic conditions. [19] Subsequently, the construction on the second, taller tower was also halted in 2020 due to the COVID-19 pandemic. [19] In 2024 the sale of the stalled project was blocked by legal disputes. [20] [21]
Artist's impression of an aerial view of the new Treasure Island development. The Treasure Island Development is a 405-acre (164 ha) major redevelopment project under construction [1] on Treasure Island and parts of Yerba Buena Island in San Francisco Bay between San Francisco and Oakland, within San Francisco city limits.
The project was approved by the San Francisco Planning Commission and Board of Supervisors in 2013, [5] [7] [8] and construction started in February 2016. [9] [10] [11]Pre-sales for the 146 condos began in May 2019, ranging from $2.3 million per unit up to $49 million for the top-floor penthouse, [12] making the latter the highest-priced penthouse in San Francisco.
San Francisco, CA: No. 49, down 19 points from 2024 Contributing: Gabe Hauari , Andrea Riquier , USA TODAY This article originally appeared on USA TODAY: Zillow's hottest housing markets of 2025 ...
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