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What's Happening at Market & Buchanan?

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From the Curbed inbox:

I'm writing with a question about the development project in the old gas station lot at Buchanan and Market. I know plans for a huge condo building were approved a couple of years ago, but the lot has sat empty since then, with the exception of some monthly parking and the smog station, supposedly because the owner was having trouble getting financing. Recently, however, the parking has been discontinued, the smog center closed, and Cahill signs placed around the perimeter of the lot. Is construction imminent?

Most current rendering of project at Market & Buchanan [Photo: Arquitectonica]

The reader was referring to the Arquitectonica-designed 1960 Market Street, which was approved by the Board of Supes back in 2009. To refresh your memory, the project is a mixed?use building with 115 residential units over ground floor commercial and a garage. Things were delayed through late 2010, when the conditions of approval were revised to include housing the required below market rate units off?site rather than on?site and removing the subterranean part of the parking garage. By July 2011, the existing gas station on the site was demo’d, and early this year they got the permits for the initial excavation and shoring. The permits to actually start were issued March 30, 2012, It looks like construction is indeed imminent.
· Market & Buchanan Condominiums [Arquitectonica]
· And It's A Go: Glassy Blocks at Market & Buchanan [Curbed SF]