By: Paul Bubny for connectcre
Paul Paradis’ Bayhill Ventures, a San Francisco-based real estate development and investment firm, said Thursday it had submitted entitlement approvals for 530 Howard St., a for-lease residential development in the Transit Center District of Downtown San Francisco. At a proposed height of 840 feet, the 71-story tower would be the third-tallest in the city.
“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 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.”
