Three development projects that promise major changes in the neighborhood are moving forward.
Dental school: The University of the Pacific announced on November 22 it has completed its purchase of a new facility at 155 Fifth Street and will move from its longtime home at Webster and Sacramento by 2014. Its current building will be sold, along with a dormitory for dental students the university owns on Post Street, which already has a potential buyer.
Hospital: An agreement with the city on California Pacific Medical Center’s plans to rebuild the Cathedral Hill Hotel as a state of the art 555-bed $1.9 billion high-rise hospital is expected by the end of the year. Hospital officials say negotiations over the public benefits that would be required to allow the project to proceed are nearly complete. The Planning Commission and the Board of Supervisors still must approve the plans.
1688 Pine: Oyster Development Corp. paid $15.5 million in mid-November for 1688 Pine Street, a 35,000-square-foot site just west of Van Ness Avenue that could house about 200 condominium units. Previous developer A.F. Evans had proposed building 283 units in two towers on the site before the firm went bankrupt in 2009.
Filed under: Civics
