Bayhill Submits Plans for San Francisco’s Third Tallest Tower

Paul Paradis’ Bayhill Ventures, a San Francisco-based real estate development and investment firm, said Thursday it had submitted entitlement approvals for 530 Howard St., a for-lease residential development in the Transit Center District of Downtown San Francisco. At a proposed height of 840 feet, the 71-story tower would be the third-tallest in the city.

“We believe there continues to be a strong need and desire for housing in Downtown San Francisco which will support a more diversified and balanced ecosystem for residents, businesses and their employees,” said Paradis. “I have been active in this submarket for decades and I’m pleased that Bayhill will provide much-needed market rate and affordable housing, as well as employing skilled labor in the near term. We believe in the city’s ability to continue to attract forward-leaning technologies, as well as both large and small corporate companies alongside other business services, retail and dining.” 

The 530 Howard tower will house 672 one- to three-bedroom for-lease residences on what is currently a vacant lot and a four-story office building between 500 and 540 Howard and backing to Natoma Street. It will include a fifth-floor bridge connecting to the Salesforce Park, vehicle and bike parking, and close to 30,000 square feet of amenity space.