A new mixed-use building has been proposed for development at 1326 Powell Street in San Francisco. The project proposal will replace a two-story structure with an eight-story mixed-use project between Broadway and Pacific Avenue in Chinatown, by the neighborhood’s northern edge.
Cafe-owner Mahmoud Larizadeh is the property owner and the project developer. AXIS/GFA Architecture + Design is responsible for the design.
The 88-foot tall structure will yield 27,160 square feet, with 2,130 square feet dedicated to commercial use and 23,760 square feet for residential use. Unit sizes will range, with 11 studios, seven one-bedrooms, four two-bedrooms, and two three-bedroom units.
Three of the 24 units to be produced will be priced as low-income housing, providing the project with an additional seven units allowed thanks to the State Density Bonus program. Residential amenities will include a top-floor roof terrace spanning 627 square feet and an amenities room on the sixth floor beside a smaller outdoor deck. Façade material will compose of exposed concrete, plaster, painted wood siding, and metal finishes.
Larizadeh purchased the property in November of 2015 for $1.625 million, according to city assessor records. The construction job is expected to cost at least $4 million and last 18 months from groundbreaking to completion