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560 Mission Street San Francisco, CA - 71 story residential tower

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Developer proposes 71-story residential tower in downtown S.F.

Veteran developer Paul Paradis’ fingerprints are all over the San Francisco skyline — from the muscular green JPMorgan Chase building at 560 Mission to the iconic Salesforce Tower. But he’s got more work to do. 

A former chief with developer Hines, Paradis is on a mission to add another “jewel” to the city’s crown: a 71-story tower that would rise higher than any existing apartment building in San Francisco and become the third-tallest building in the city.

Bayhill Ventures — a new real estate development and investment firm that Paradis started out of San Francisco this year with Rob Hollister, the former president of the Sobrato Organization — filed an application with the city’s Planning Department on Wednesday, proposing the redevelopment of 530 Howard St. in the South Financial District.

The site is currently home to a parking lot and a four-story boutique office building that houses Bayhill’s office. 

As designed by Pickard Chilton, the planned high-rise would be a slender, simple elongated shaft with a flat top and no setbacks, featuring a mix of one-, two- and three-bedroom units for a total of 672 apartments, of which approximately 67 would be leased at below-market rates.

The tower would include some 30,000 square feet of amenity space as well as a fifth-floor bridge connecting it to Salesforce Park, the 5.4-acre public park that is the centerpiece of the Salesforce Transit Center....




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