The City has approved plans for the 35-story residential tower at 395 3rd Street in SoMa, San Francisco. The high-rise project is expected to create 524 apartments from a surface parking lot at the corner of 3rd and Harrison Street, overlooking I-80. Strada Investment Group is the developer.
The 384-foot tall structure will create 553,840 square feet with 455,820 square feet for residential use, 4,460 square feet for ground-level retail, and 71,890 square feet for the four-level basement garage. Of the 524 apartments, sizes will vary with 96 studios, 299 one-bedrooms, and 129 two-bedrooms. Parking will be included for 125 cars and 240 bicycles. The garage will be accessible from a porte-cochère connecting to Saint Francis Place.
According to planning documents from January this year, the tower will include 84 affordable units, with 49 for residents earning around half of the Area Median Income, 17 for 80% AMI households, and 18 for 110% AMI households.
Henning Larsen is the design architect, with Multistudio acting as the executive architect. The project takes influence from the state’s Redwood trees and forests. The tower will be clad with textured panels of glass fiber reinforced concrete or pre-cast concrete complemented by brass-tone frames-railing. Construction will start with a mat slab foundation and a drilled shaft foundation system extending to bedrock. This will not require impact pile driving, reducing noise from work. Excavation will be needed for 40,300 cubic yards.
The 0.52-acre property is located at the corner of 3rd Street and Harrison Street, one block from Moscone Center and Yerba Buena Gardens within the Central SoMa Plan area. The two most notable proposals in the immediate area from 395 3rd Street include 620 Folsom Street and 95 Hawthorne Street.
Alongside plans for 395 3rd Street, Strada has pushed forward construction on 555 Bryant Street and the Samuel Merritt University campus expansion in Downtown Oakland. The San Francisco-based firm has partnered with others for various large-scale projects like the Tanforan Mall redevelopment, Pier 30-32, New Plaza East, Lake Merritt BART Station, and the nearly-complete 1629 Market Street.
The application received Community Plan Exemption for the environmental review process per sections 21083.3 and 15183. Construction is expected to last around 35 months from groundbreaking to completion for $200 million, a figure not inclusive of all development costs. The timeline shows that the demolition, shoring, and grade will last seven months. Following that, vertical construction will last 28 months. According to a 2022 presentation, Strada has aimed to start construction as early as 2024.