The Prime Company News

San Francisco / Mission District Corner with Potential Trades Hands

Mission District Corner with Potential Trades Hands

As we noted when the Mission District parking lot parcel on the southeast corner of South Van Ness Avenue and 15th Street traded hands for $4.995 million at the end of last year:


“…while plans for the 7,100-square-foot parcel have yet to be submitted to Planning, the 401 South Van Ness Avenue site, which sits across the street from the newish 40-unit building at 1501/1515 15th Street, is principally zoned for development up to 58 feet in height, not including any density bonuses.”


And with that in mind, bonus plans for an 86-foot-tall building to rise on the corner parcel have been drawn, with eight above ground stories and two basement levels as well.


As envisioned, the development would yield over 200 beds of mostly market-rate housing, including 154 micro units and “sleeping units” outfitted with another 65 beds. From the project team:


The proposed group housing project is a modern-day version of the affordable SRO hotels that were populated by San Francisco’s working-class, transient laborers and immigrants during the last century. The same dynamics that attracted the working class to these SRO hotels 100 years ago are at play with the current development.


The project will have a variety of living arrangements providing varying degrees of affordability to its residents. The upstairs bedroom suites will most [closely] resemble a traditional studio apartment and will contain a convertible Murphy bed, full bathroom, compact fridge, sink, and microwave. These bedroom suites surround a common community room on each level.


In the basement and sub-basement levels, there will be private sleeping rooms and bunk room arrangements where residents [will] share cooking, hygiene, and leisure spaces.


As designed by Prime Design for The Prime Company, which is the same group behind the proposed micro-unit development to rise across the street, the building would be topped with a rooftop terrace for residents, along with 3,000 square feet of “resident-centric commercial services” on the ground floor, leveraging California’s Density Bonus law to yield the height and density as envisioned.


We’ll keep you posted and plugged-in.



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