A new funding milestone has been announced for Freedom West 2.0, a master plan to right the wrongs of 20th-century urban redevelopment in San Francisco’s Fillmore District. The $27 million secured to date comes a month after a new state bill has created a new pathway to finance the project. The development team includes MacFarlane Partners and Avanath Capital Management.
Freedom West Co-Op
New renderings have been revealed along with updated planning documents for Freedom West, a multi-billion dollar project to build 2,387 new residential units in San Francisco’s Fillmore District. The development will offer replacement housing for all displaced residents while adding a new hotel, retail, community spaces, and new open space. MacFarlane Development Company is responsible for the application.
Developers have completed and submitted the preliminary project assessment letter, or PPA, for the $2 billion Freedom West project around 710 McAllister Street in San Francisco’s Filmore District. In the letter, San Francisco’s Planning Department staff expressed support for Freedom West to build 2,305 new apartments with affordable housing across four city blocks. PPA is the initial process that evaluates moderate to large proposals before development applications are filed.
The Freedom West 2.0 developer team has filed a Preliminary Project Assessment application for the mixed-use Freedom West development at 710 McAllister Street in the Fillmore District of San Francisco. New documents provide greater insight and information about the $2 billion mixed-use expansion of the existing 382-unit non-profit housing co-op. This includes plans for residents to retain ownership while moving into market-rate quality units at no additional cost or rise in co-op fees. The Freedom West Homes Corporation is joined by the project sponsor MacFarlane Partners and Avanath Capital Management as the Freedom West 2.0 joint development team.
Freedom West, a proposed 2,515-unit project led by the existing lot’s co-op, plans to transform the city’s two blocks to make one of the most extensive residential additions to the city under a single development….