Prado Group, SKS Partners Plan More Laurel Heights Rentals

Prado Group and SKS Partners have outlined part two of a plan for a sprawling apartment complex at UC San Francisco’s former campus in Laurel Heights.

The locally based developers requested permits to build 220 apartments in three buildings for the second phase in the master planned development at 3333 California Street, SF Yimby reported. The project is expected to cost $196 million, or $891,000 per unit. A timeline was not disclosed.

The 10-acre project, dubbed Presidio Heights, calls for 744 apartments, 38,000 square feet of shops and restaurants, a child care center, 5 acres of open space and parking for 820 cars.

In February, Prado requested permits to build the initial phase, which includes 152 apartments in a five-story building at 3333 California Street, a four-story building at 528 Laurel Street and a four-story building at 538 Laurel Street. A construction timeline was not disclosed.

Part two of the development has two five-story buildings with 64 units each and an eight-story building with 92 units at 518 Walnut Street.

The buildings, designed by BAR Architects & Interiors, Jensen Architects, and Solomon Cordwell Buenz, feature floor-to-ceiling windows split by broad white eaves, with a terrace deck around the upper floors, according to renderings. A glass bridge would link two of the buildings.

Prado’s other projects include redeveloping the 5-acre former California Pacific Medical Center in Presidio Heights at 3700 California Street, less than half a mile away from the campus site. Approved plans call for 530 residential units after the demolition of five hospital buildings and the adaptive reuse of a sixth.

Prado Group, founded in 2003, has bought or developed more than 80 residential, retail, office and mixed-use properties with a value of more than $1.38 billion, according to the company’s website.

SKS Partners, founded in 1992, has built more than 12.4 million square feet of offices, life sciences, manufacturing and residential real estate across the Bay Area, according to its website. —Dana Bartholomew