Crews are preparing to pour the foundation slab for a new 20-story, 220-foot-tall tower condominium development at Steuart and Howard, the San Francisco Building & Construction Trades Council reports in its newsletter.
The project will be built with all-union labor, creating 250 construction jobs, and is expected to be completed by 2021, the labor organization says.
Swinerton is the general contractor, with a small crew of operating engineers, laborers and carpenters on the jobsite. Crews demolished the parking garage at the site last spring and began construction last summer.
Formerly known as 75 Howard, the 120-condominium tower located on one of the last remaining sites on the downtown San Francisco waterfront is being built by the John Buck Company, Paramount Group, and SRE Group—a Hong Kong based investment company that purchased a majority stake in the building in 2017 for $110 million, the labour organization reports.
“Paramount Group’s policy is to always go with all union labor for the construction because of the high quality of the work,” said Marce Sanches, Paramount Group’s vice-president for construction. “We take pride in the quality of our buildings and use union building trades in our projects in D.C., New York City, and San Francisco.”
The project will create 250 full time construction jobs.
The structure has been designed by Skidmore, Owing and Merill (SOM) architects, and will include 4,500 sq. ft. of retail space.
“One Steuart Lane represents an opportunity that will likely never again exist in San Francisco” said Ben Kochalski, principal, The John Buck Company. “The San Francisco market has proven ready for a building of this caliber right now as tech titans open new offices in the city. With limited for-sale inventory slated to hit the market in the coming years, demand will grow for upscale housing that offers subtle, yet high-class design elements and is conveniently located next to the growing tech hub.”
Since there are no below market rate units on site, Paramount will contribute approximately $10 million to the city’s affordable housing fund for construction of below market rate housing off site.
The developers are targeting LEED Gold certification through sustainable building practices and energy efficient feature.
The tower doesn’t use a typical vertical design and instead residences are stacked into different blocks with balconies in between. “We wanted to consciously make it not look like a commercial tower,” SOM senior consulting design partner Craig Hartman said.
Major subcontractors include Webcor, Rosendin Electric, ACCO Engineering for plumbing, and Marelich Mechanical for HVAC work.