A single-family home in San Francisco’s Twin Peaks neighborhood is poised for redevlopment into a four-story apartment complex.
Property owner Benny McGrath, owner of Modern Art Construction, has filed permits to replace the low-slung residence at 821 Corbett Avenue with nine residential units, San Francisco YIMBY reported.
The plans call for an approximately 40-foot-tall edifice designed by Kerman Morris Architects with 24,140 square feet of space. The building would consist of a mix of one two-bedroom residence, four three-bedroom units and four four-bedroom units. Parking for 12 cars and 16 bicycles is also planned for the site. The back of the building will include several setbacks to provide space for private balconies overlooking Market Street.
The two-story home on the nearly quarter-acre site was built in the early 20th century, according to public records cited by S.F. YIMBY. Its age makes it eligible for historic resource designation.
The estimated cost and timeline for construction have not yet been revealed.
Across California, developers have been moving to fill the gap between municipalities’ state-mandated housing goals and the often vast gulf between the target figure and the actual number of units entitled. San Francisco must plan for 82,069 new housing units by the end of the decade with a mix of very low-income, low-income, moderate-income and above moderate-income residences.
Although the city has a lofty housing construction goal, more than 20,000 units are stalled in the pipeline even after receiving construction approvals. Rising construction costs for new multifamily projects, ongoing federal tariffs and a shortage of construction materials have sidelined many entitled developments. Supply, as a result, has been slow to increase. Last year, just 1,453 new units, excluding renovations and additions, were completed, representing less than a third of the more than 5,000 new homes completed in 2020. Plans for just 2,541 new homes were filed last year, according to the San Francisco Chronicle.
— Chris Malone Méndez
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