Plans for the nine-story apartment complex continue to move through the San Francisco bureaucracy. The city’s Planning Department has proposed an interdepartmental meeting with the Department of Building Inspection, Public Works, and the Fire Department. The project will replace a surface parking lot with 94 new homes at 1401 Folsom Street in SoMa, San Francisco.
The 95-foot tall structure will yield around 47,050 square feet, with 43,210 square feet for housing and 1,900 square feet for retail. All 94 units will be studio rentals averaging around 350 square feet, and 13 will be designated as affordable housing. The affordable units allow the developer to expedite approval and use the State Density Bonus program. Parking will be included for 102 bicycles and no cars.
RG Architecture is responsible for the design. The distinctive infill design has a contemporary interpretation of the Bay Window vernacular, with angular protrusions providing residents with additional light and views. The exterior will be clad with reinforced glass fiber panels, while the bays will be wrapped with fiber cement vertical siding.
The small parcel is located at the corner of Folsom and 10th Street, three blocks from Market Street. The Civic Center BART Station is a further two blocks down the thoroughfare. The project application estimates construction will cost $12.5 million and last over 22 months. The construction cost does not include all development expenses.