Development permits have been filed seeking the construction of a mixed-use project proposed at 425 Broadway in Jackson Square/North Beach, San Francisco. The project proposal includes the development of a building offering retail and residential spaces. Plans call for the demolition of an existing 144-space parking garage on the site.
San Jose-based Yeh’s Development is responsible for the project through Montgomery Place LLC. Ian Birchall & Associates is responsible for the design.
The project proposes to develop a seven-story building offering 41 dwelling units, retail, and office space. The project site is an L-shaped lot adjacent to a brick-building home of Crowbar and a hotel. The development will be split between two structures, one five-story building facing Broadway and the other seven-story building facing Montgomery Street and a newly-established Verdi Alley.
The 75-foot tall development will yield 79,265 square feet, with 51,625 square feet for residential use, 4,990 square feet for retail, 21, 940 square feet for offices, and 3,960 square feet for vehicle parking. The garage will offer parking for 46 bicycles and 17 vehicles using stackers. Of the 34 units, 28 will be priced at market rate, and three will be affordable on-site units to make use of the State Density Bonus. Unit sizes will range, with 13 one-bedrooms, 13 two-bedroom units, and 8 three-bedroom units.
Facade materials will include thin brick tiles and porcelain tiles, stucco, aluminum, and fritted glass. The articulated exterior will give a contemporary vernacular intended to complement the brick building at 401 Broadway.
The property was sold in 2017 for $11 million and the construction job is estimated to cost $30.6 million over a 26-month period. The property sits on the border of the Financial District and North Beach in San Francisco.