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Rincon Hill Neighborhood - One Rincon Hill and The Infinity

By
Real Estate Agent with Climb Real Estate Group

One Rincon Hill2007 has been an active year for new developments in San Francisco. I will be writing a series of posts about the different neighborhoods where development is most active. I wanted to start with Rincon Hill since The Infinity and One Rincon Hill projects are both actively selling.

Rincon Hill in San Francisco is a twelve-block area close to downtown. Rincon Hill is south of the Financial District and Transbay District, and north of the South Beach neighborhood. It is bounded generally by Folsom Street, the Embarcadero, Bryant Street, Beale Street, the Bay Bridge approach and Essex Street. The area is defi ned by Rincon hill itself, which crests near First and Harrison Streets; the Bay Bridge, near the southern edge of the district between Harrison and Bryant Streets; and the waterfront, which curves around the base of the hill.

 

This area is highly visible because it forms a gateway to the city as seen from the Bay Bridge and is prominently located adjacent to downtown and the waterfront. The district currently houses many parking lots, older industrial lots, as well as a few recently built residential buildings. The Rincon Hill Plan aims to transform Rincon Hill into a mixed-use downtown neighborhood with a signifi cant housing presence, while providing the full range of services and amenities that support urban living. This plan will set the stage for Rincon Hill to become home to as many as 10,000 new residents. The need for new housing in San Francisco is great. Rincon Hill is a high-priority housing site for the following reasons:

Infinity Tower 21. The area contains a number of large vacant or underutilized parcels that could accommodate a large number of housing units in mid-rise and high-rise development. Few locations in the city represent such a major opportunity.

2. The land is presently underused. Thus, introduction of major new housing development will not cause many disruptive dislocations or harm the physical quality of an existing neighborhood.

3. Rincon Hill is a five-minute walk from the financial district. It has easy access to public transit, has benefited from the Rincon Point-South Beach redevelopment project on the southeastern waterfront, particularly the construction of the Waterfront Promenade along the Embarcadero, and will benefit from the Transbay redevelopment project to the north of Folsom Street.

4. With the removal of the Embarcadero Freeway and the proposal for a new Transbay Terminal, there is an opportunity to plan comprehensively for the Transbay district and Rincon Hill together as one neighborhood centered on Folsom Street.

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