Construction has topped out for the five-story affordable housing project at 3001 24th Street in the Mission District of San Francisco. The project will provide 45 new units for senior citizens in a retail and transit-rich thoroughfare. Mission Neighborhood Centers and Mercy Housing are responsible for the development, after purchasing it from Pepsico nearly twenty-five years ago.
This moderately sized but significant building has been in the works since the mid-90s. “This is a very emotional moment for me,” Sam Ruiz, the CEO of Mission Neighborhood Centers, at the groundbreaking in January 2020. The affordable housing apartment building cost a total of $30 million, or two-thirds of a million dollars per unit.
The building will offer 1,373 square feet for ground-floor community space and studio-sized office space as residential amenities. New building permits filed in March of 2019 also describe commercial, courtyard, and terraces.
Future residents will find themselves in a prime spot. The building is by the commercial thoroughfare along 24th Street and is just six blocks away from the 24th Street Mission Bart Station serviced by the blue, green, red, and yellow lines.
The planned senior-residence development by Mercy Housing has been in the works for many years. The construction broke ground in January of this year, and already the project has topped out. It will soon join seven other hundred-percent affordable housing in the Mission neighborhood. One of those includes 1296 Shotwell Street, a nine-story senior housing building with 94 units. Both 681 Florida Street and 2205 Mission Street are still in the works, yielding a combined 193 units.
The developers are expecting occupancy by the middle of next year.
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