“Bring It On!”Contributor: Swinerton Blogger | February 21, 2013
On February 6th, Swinerton’s Executive Vice President Eric Foster spoke about the future of San Francisco building at Bisnow’s 2nd Annual San Francisco Construction & Development Summit. Foster joined other industry experts to discuss the highlights and implications of several large projects set for groundbreaking in the city, as well as financial, design, and technological trends that are shaping the face of urban construction.
“What really excites me…is the revitalization of Mid-Market,” said Foster, referring to a stretch of San Francisco’s main transit artery that has challenged city officials and developers for decades because of high crime rates and a lack of development. “From 5th to 10th has been a tough area for 35, 40 years, and the revitalization is truly taking place.” Swinerton will soon be kicking off construction on several large projects in the Mid-Market area, including the Trinity Place and 10th and Market residential developments. These will add a total of 1,200 new housing units—a much-needed influx in San Francisco’s notoriously tight rental market. The Market Street Place project will consist of a four-story, LEED-certified urban mall, contributing nearly 400,000 square feet of retail and parking space to the neighborhood.
Foster also discussed several new field technologies that Swinerton is rolling out and the potential of these tools to increase collaboration, improve efficiency, and add value for clients. In particular, Foster expressed excitement for the use of 5D real-time estimating. “Specialty contractors and general contractors can extract quantities and data from models in real time and put them into pricing spreadsheets,” he explained. “Real-time project planning…is possible with technology that’s here today.”
New office construction also proved to be a hot topic for the Bisnow panel. In response to the suggestion that robust new office construction is not on the horizon in San Francisco, Foster enthusiastically countered, “I think it is – bring it on!” Swinerton will begin work this month on a 28-storyoffice tower at 535 Mission Street, which will add 347,000 square feet of office space to this prime downtown San Francisco location near the future site of the new Transbay Terminal.
Hear it from Eric himself in this clip: