The San Francisco Planning Department has published a notice of an application for new construction at 344 14th Street in the city’s Mission District. The filing looks to replace a surface parking lot across from the Armory with an 11-story apartment complex. MX3 Ventures is the project applicant, filing through MM Stevenson LLC.
344 14th Street view along Woodward street, rendering by BAR Architects & Interiors
344 14th Street isometric views, rendering by BAR Architects & Interiors
The project team took headlines last February after utilizing the Assembly Bill 1287 to stack density bonuses and achieve a 100% density bonus. The 117-foot-tall structure will yield 127,960 square feet for housing and 4,400 square feet for retail. The project will result in 164 units, including 26 units of affordable housing. Unit sizes will vary, with 99 studios, 31 one-bedrooms, and 34 two-bedrooms. Parking will be included for 118 bicycles and no cars.
BAR Architects & Interiors is responsible for the design. Facade materials include cement plaster, ceramic tiles, tan brick veneer, and metal panels. Residents will get access to a ground-level courtyard and two outdoor decks on levels eight and nine.
344 14th Street view along Stevenson Street, rendering by BAR Architects & Interiors
344 14th Street lot, image via Google Street View
The 0.36-acre property is located along 14th Street between Mission and Valencia Street, directly across from the San Francisco Armory. The 16th Street BART Station is just two blocks away, connecting residents with the region. The existing parking lot at 1463 Stevenson Street will remain, providing space for 24 cars.
Construction is estimated to cost around $35 million, a figure not inclusive of all development costs, and could last between 16 and 18 months from groundbreaking to opening.
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Great news! This is one of a few projects in the Mission that has been stop/go for too many years. Bring on the infill.
I should live so long….
$35 million for 164 units seems very affordable! Haven’t some projects been close to a million per unit?
The ‘construction costs’ included in permit applications for market-rate developments are not the right metric to compare to the all-in development budgets for affordable housing developments (which is the $1mm/unit figure you’re citing)
Space for 118 bicycles, nice!
No spaces for cars, nicer!
This parcel should have been made into a park.