Permits have been filed for a six-story redevelopment of 55 Francisco Street in North Beach, San Francisco. The proposal will expand the existing garage into 118 new dwelling units while retaining the existing seven-story office building that shares the parcel. Jamestown LP is the owner responsible for the development.
The six-story apartment proposal will yield 114,700 square feet on top of lot 7, with 2,000 square feet for ground-level retail. Combined with the 148,410 square foot office building on lot 8, Jamestown will soon own 263,120 square feet of built area at 55 Francisco Street. The parking capacity on-site will be reduced from 274 vehicles to 105 vehicles.
TEF Design will be responsible for the architecture. Information about the future proposed design has not yet been released.
55 Francisco Street will bring new residences to a neighborhood known for its Italian history and tourist attractions. The property is a block from the Embarcadero, nearby Pier 33, and ten minutes from the Coit Tower on foot.
City records show that the property was last sold in late November of 2016 for $91 million. An estimated timeline for construction and completion has not yet been announced.