Embarcadero Capital Partners is making progress on its plans to expand 1035 Howard Street in SoMa, San Francisco. The project has received approval from the city’s Historic Preservation Commission. This comes two years after the firm took out a $34.2 million loan for the development. This adaptive reuse of the currently-vacant Art-Deco office building will help retain a charming facade for subsequent decades.
The development will clear and redesign the 61,550 square feet interior facilities of the 1930-built structure. Two storage buildings on the south side of the lot will be demolished to make way for the five floors of new office space, adding nearly 25,000 square feet of new commercial real estate. Once completed, the 86,550 square foot project will include 37,650 square feet for office space, 44,000 square feet for Production Distribution and Repair (PDR) use, and 5,900 square feet for a laboratory. 8,740 square feet of the ground floor will be dedicated to parking for fifteen bicycles and twenty vehicles using car stackers. The development will include 1,210 square feet of open space, much of which makes the rooftop terrace.
Lundberg Design is responsible for the project’s architecture. While the existing industrial Art-Deco project will remain untouched, some concrete walls along Russ Street will receive new skin. As well, the new structure will feature steel frame windows similar to that on the historic facade, a portion of floor-to-ceiling curtainwall, and semi-transparent angled walls on the street level along Russ Street.
The address is a twelve-minute walk from the Powell Street BART station and just around the corner from the Victoria Manalo Draves Park.
The lot was purchased in September of 2018 for $25.3 million, while the projected cost for new construction permits is not yet released.