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Boston Properties gets OK to proceed with San Francisco development project

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Boston Properties gets OK to proceed with San Francisco development project

Boston Properties Inc. is moving forward with its Fourth and Harrison project in San Francisco's Central South of Market district after receiving approval from the city's planning commission.

The approval applies to the design and massing of the roughly 820,000-square-foot development and an initial allocation of 505,000 square feet under the San Francisco Office Development Annual Limitation Program for the project's first phase.

The project includes about 770,000 square feet of class A office space; 36,000 square feet of retail, childcare, and production, distribution and repair space; and 16,700 square feet of public open space. A 15,000-square-foot portion of the site will be contributed to the city for the development of a 144-unit affordable housing scheme in the future.

The office real estate investment trust said it will seek Leadership in Energy and Environmental Design Platinum certification for the project and is aiming for it to be the largest-scale development in the city to achieve carbon-neutral operations by adopting energy efficiency and carbon mitigation measures.

The REIT expects to break ground on the project in the second half of 2020.