Bayhill Ventures, a new San Francisco-based real estate development and investment firm, is planning to build the city’s tallest residential tower, a 71-story tower at 530 Howard Street in the southern Financial District.

The firm has filed an application with the city’s Planning Department for the redevelopment site, which currently houses a four-story boutique office building that Bayhill is occupying and a parking lot, according to a report in the San Francisco Chronicle.

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