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Mid-Market: Twitter Tax Breaks in Bricks, Mortar & Curtain Wall

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[Image Credit: Handel Architects via San Francisco Business Journal]

What seemed like a no-brainer in 2006 for a residential condo tower at Market & Tenth turned into a parking lot, but five years later- today, according to J.K. Dineen at the San Francisco Business Journal- developer Crescent Heights will start construction of the big glassy project currently known as 1401 Market Street. Designed by Handel Architects and just across 10th Street from Twitter's new HQ in the Art Deco Mart building, the 700+ unit building will be rentals. Love is definitely in the air: earlier this year, REIT Avalon Bay went into contract for the parking lot at 55 Ninth Street to the east of Twitter with plans for 260 rental units. Closer to City Hall and Hastings Law School, developer Emerald Fund is planning a 175-unit project at 101 Polk and- drum roll, please- looking into reskinning their adjacent and newly-vacated office tower at 100 Van Ness and converting it into 575 rental units.
· MidMarket: Ok, What's Going on Here? [Curbed SF]
· Biggest SF Apartment Project in Years Gets Go-Ahead [SF Business Journal]
· Avalon Bay Set to Buy Site Near Twitter [SF Business Journal]
· Auto Club Tower Revs Up For Housing [SF Business Journal]

If you find yourself near Market & Tenth Street and there's actually something going on, pull out your phone and send us a picture.