340 Fremont Street

340 Fremont Street is a 440ft residential skyscraper in the Rincon Hill neighborhood of San Francisco, California. The tower has 348 residential units on 40 floors.HistoryAs part of the Rincon Hill Plan adopted in August 2005, the parcels at 340 Fremont and 350 Fremont were upzoned for a single 400foot residential tower. Developed by Archstone Smith and Jackson Pacific Ventures, and initially designed by Heller Manus Architects, the development was approved for 332 residential units with 332 underground parking spaces by the San Francisco Planning Commission on June 15, 2006.However, due to the United States housing market correction and ensuing worldwide financial crisis, construction was delayed. While waiting for the market to recover, the project received five consecutive 12-month extensions of its entitlements from 2008 through 2013. In 2012, the project was redesigned by Handel Architects, and the number of units was increased to 348, while the number of parking spaces was reduced to 269.In 2013, the project entitlements were acquired by Equity Residential, with plans to break ground by the end of 2013. In late 2013, demolition and construction permits were issued but a neighboring homeowner association appealed the permits. In February 2014, the appeal was denied, clearing the way for construction to begin. Demolition of existing structures on the site began in March 2014. Ceremonial groundbreaking took place on April 24, 2014. The building was topped-out on October 22, 2015, and residents began moving in mid-2016.