Development permits have been filed for construction on 1560 Folsom Street, SoMa, San Francisco. The project proposes to merge four existing lots into two and construct two buildings with 244 residential units. One building would face Kissling Street, and the other would face Folsom Street. The lots’ existing use is light industrial; the lots’ proposed use is residential with ground-floor retail. Ankrom Moisan Architects is managing the design, with L37 Partners responsible as the developer.
This multifamily project combines a mix of townhomes and city apartments; 61 studios, 76 one-bedroom, 92 two-bedroom, and fifteen three-bedroom townhouses. 34 of these 244 units will be offered at below-market rates (BMR). The construction covers 3,500 square feet, including retail space, off-street parking for 83 cars, and 236 bikes. The total project area is 265,000 square feet.
The approximate cost of construction is $160 million. The targeted commencement date is 2021.
The San Francisco Planning Commission will be reviewing the proposal today at 1 PM. Details on how to watch and comment can be found here.