Renderings have been revealed for a new six-story mixed-use building at 5012 3rd Street in Bayview, San Francisco. The project will add 29 apartments to the city’s housing market, including on-site affordable housing. The property owner is managing the development through Third Street Partners LLC.
5012 3rd Street frontal view, rendering by TC Studio
5012 3rd Street vertical elevation, illustration by TC Studio
5012 3rd Street, rendering by TC Studio
5012 3rd Street floor plans, illustration by TC Studio
The 69-foot tall structure will yield 25,430 square feet with 21,780 square feet for residential use and 616 square feet of commercial space. Of the 29 apartments, nine will be priced below the market rate. Apartment sizes will range from 400 to 1,000 square feet each, with eight studios, eight one-bedroom, ten two-bedroom, and three three-bedroom units. Planning applications suggest the residences will be sold for ownership.
5012 3rd Street, image via Google Street View
TC Studio is responsible for the design. The San Francisco-based design firm was co-founded in 2011 by Alan Tse and Charles Chan.
The property last sold in 2019 for $1.35 million. Construction, not accounting for all development expenses, is expected to cost $2 million. The project is anticipated to last 18 months from groundbreaking to completion, removing 315 cubic yards of earth for the foundation.
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