The City of San Francisco is considering purchasing 333 12th Street, an eight-story residential development recently built in SoMa, San Francisco. The move is symbolically significant, as 333 12th Street was the first proposal in the city to use the State Density Bonus Program, increasing its residential capacity by 35%, with 200 multi-family units. Now, the building may become part of the city’s mission to end family homelessness. The City and County of San Francisco Department of Homelessness and Supportive Housing would become the property owners.
Mayor London Breed
Brookfield’s 5M is officially open. The ribbon-cutting event was held yesterday, with San Francisco Mayor London Breed and other speakers in attendance. For over a decade, the project has been in the works to replace four acres of surface parking with the city’s newest office tower, a 302-unit apartment complex, a park, and adaptive reuse of historic buildings. 5M, named for the adjacent intersection of 5th and Mission Street in SoMa, is a joint development with Brookfield and Hearst.
The preliminary project assessment application has been filed for an eleven-story residential infill at 530 Turk Street, located in San Francisco’s Tenderloin neighborhood. The application expects to benefit from the state density bonus and Cars-to-Casas ordinance, both programs to increase the amount of affordable housing. The property is currently used as a parking lot.
A recent site visit by SFYIMBY shows that construction has topped out and filled out 410 China Basin Street in Mission Bay Block 9, San Francisco. The four-story project will soon create 140 new permanently supportive homes for unhoused residents. BRIDGE and Community Housing Partnership are joint developers for the project.
Groundbreaking has officially occurred for the nine-story Balboa Park Upper Yard apartment building, a transit-oriented development poised to create new affordable residences in the Outer Mission area of San Francisco. The proposal would produce 131 new homes for the housing-strapped city right next to the Balboa Park BART station. Mission Housing Development Corporation and the Related Companies are responsible for the development.