New building permits have been filed for a 26-story mixed-use tower at 896 Folsom Street in the SoMa neighborhood of San Francisco. The project will add over a hundred apartments and retail to a small corner lot three blocks from Market Street. The project will replace the existing office space of the project’s developer, FORMA Development Design & Management.
896 Folsom Street podium view, rendering by FORMA
The 258-foot-tall structure is expected to yield around 114,070 square feet, including 90,730 square feet of housing, 5,010 square feet for parking, and 600 square feet of ground-level retail. The ground-floor and basement levels will provide parking for 33 cars and 112 bicycles, including basement-level vehicle stackers.
The applicant invoked several state laws to streamline the permitting process and achieve such high density, including Assembly Bill 1287, AB2011, Senate Bill 330, and the State Density Bonus law. Of the 130 units, 20 will be deed-restricted as affordable housing. Unit sizes will vary, with 68 studios and 62 three-bedroom residences.
896 Folsom Street facade elevation overlooking 5th Street, rendering by FORMA
FORMA is overseeing the project management and architectural design. The narrow tower’s street-facing exteriors will be wrapped with floor-to-ceiling windows and balconies, as well as a ceramic panel feature and a 25th-floor setback to complement the verticality. The rear facades will be mostly featureless, allowing for potential future development on adjacent lots.
As previously mentioned, the subject property includes the existing offices for the project developer. Demolition will be required for the low-slung commercial building. Hado Development Group is listed as the property owner, operating through Hado LLC.
Elsewhere in the city, FORMA is looking to build an even skinnier tower at 777 Sutter Street. New building permits were filed around the same time for a 27-story infill tower with just 36 units.
896 Folsom Street vertical cross-section, illustration by FORMA
896 Folsom Street, image via Google Satellite
896 Folsom Street, image via Google Street View
The roughly 0.1-acre property is located by the corner of Folsom Street and 5th Street, two blocks from Moscone Center. Future residents will be a four-minute walk away from the Yerba Buena/Moscone underground light rail station.
The estimated cost and timeline for construction have yet to be shared.
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