Updated plans for a seven-story infill project in San Francisco’s Bayview neighborhood show the residential development could create 100 rental units for middle-income residents.
The project, being developed by the Toboni Group, consists of a 65-foot-tall structure with 66,130 square feet of residential space, San Francisco YIMBY reported. The plans also include a 3,300-square-foot space conditioned for solar panel installation on the roof. In addition to the structure, plans also include 7,580 square feet of usable open space. Parking for 105 bicycles will also be available.
Apartments in the development, located at 5250 Third Street, will come in a variety of floorplans. There will be 17 studio units, 37 one-bedroom units, 21 two-bedroom units and 25 three-bedroom units. Of the 100 units, 70 will be rented as affordable housing while the remaining 30 will be listed at market value.
The development will benefit from the Home SF program, which allows the developer to increase the density and build above the neighborhood height limit in exchange for providing more middle-income housing in the city.
Developers of the project aim to provide affordable housing options for local nurses, teachers and other middle-income professionals in the city.
Renderings, designed by Leavitt Architecture, show a central courtyard for residents as well as a common area roof deck with a covered walkway. There will also be two large sections on the roof for solar panels to be installed.
Along with the development itself, renderings also show another mixed-use development that is being proposed for the area right next to the site. The Third and Thornton project, developed by US Trading Company, calls for a four-story building with an adjacent six-story one.
The property at 5250 Third Street was purchased in July 2020 for $3 million, but construction on the project is expected to cost more than $17 million.
[SFYIMBY] — Victoria Pruitt