Yesterday was filled with big wins for large developments that beefed up affordable housing. After the Board of Supervisors approved 5M, they turned to 75 Howard, another contentious development that made a late effort to increase its affordable housing component. New York-based Paramount Group voluntarily agreed to up its affordable housing fee from $9.7 million to $15.7 million, a jump that will allow the city to build around 38 units of off-site, below-market-rate housing. The deal over 75 Howard was brokered by Supervisor Jane Kim, the same Supervisor behind 5M's jump to 40 percent affordable housing.
The 75 Howard tower is set to move ahead at 220 feet, a big cut from its original proposed height of 348 feet. There will be 133 condos in the tower, which will replace what is now a parking garage. Skidmore, Owings & Merrill is in charge of design. However, the tower isn't totally in the clear yet. Jon Golinger, who organized the opposition, told the San Francisco Chronicle that "there will likely be litigation, and it's possible that it ends up on the ballot."
· Rincon Tower Developer Agrees to Increase Affordable Housing Fee [SF Chronicle]
· Under Pressure, 75 Howard Cuts Heights and Affordable Units Too [Curbed SF]