search

The Real Deal Logo

Trending

Arbor modifies $1.9B in loans as delinquencies keep risingArbor modifies $1.9B in loans as delinquencies keep risingJLL tapped to market Gas Company Tower in DTLA for saleJLL tapped to market Gas Company Tower in DTLA for saleFriend or foe? Here’s what the new tax break means for office-to-resi conversionsFriend or foe? Here’s what the new tax break means for office-to-resi conversionsThe Daily Dirt: Battle brewing over co-op ground leasesThe Daily Dirt: Battle brewing over co-op ground leases
Residential
San Francisco

Mercy, Chinatown Community Development to build dual housing towers

Each nonprofit will develop one of the two affordable complexes in SF’s SoMa

From left: Chinatown Community Development Center's Malcolm Yeung and Mercy Housing California's Doug Shoemaker along with a rendering of 200 Folsom Street in San Francisco (Getty, Kennerly Architecture & Planning, Mithun, Chinatown Community Development Center, Mercy Housing California)

From left: Chinatown Community Development Center’s Malcolm Yeung and Mercy Housing California’s Doug Shoemaker along with a rendering of 200 Folsom Street in San Francisco (Getty, Kennerly Architecture & Planning, Mithun, Chinatown Community Development Center, Mercy Housing California)

Mercy Housing California and Chinatown Community Development Center have moved forward with plans to build 335 affordable homes in San Francisco’s South of Market.

The San Francisco-based nonprofit affordable housing developers have filed for a permit to bulldoze a single-story bus terminal in Transbay Block 2 at 200 Folsom Street to make way for two housing towers, SFYimby reported.

The approved $300 million project within the multiple-block Transbay property will include affordable highrises on the east and west sides of Block 2.

What makes the project unusual is that each developer will build one of the two towers.

Plans by Mercy Housing California, a unit of Denver-based Mercy Housing, call for a 17-story building known as Transbay Block 2 East. The 198,500-square-foot highrise will include 2,000 square feet of ground-floor shops and a 6,500-square-foot daycare center.

Its 184 studio, one-, two- and three-bedroom apartments will be reserved for households that earn 20 percent to 80 percent of area median income.

The brown, olive and white granite tower, designed by San Francisco-based Kennerly Architecture & Planning, will be built atop a five-story podium and include large windows and a rooftop deck overlooking a future Transbay Block 3 park.

Sign Up for the undefined Newsletter

Plans by Chinatown Community Development Center call for a nine-story building known as Transbay Block 2 West. The 110,000-square-foot highrise will include 3,000 square-foot of ground floor shops. 

Its 151 studio, one- and two-bedroom apartments will be reserved for senior affordable housing.

The white and gray complex, designed by Culver City-based Mithun with input from Kerman Morris Architects of San Francisco, will be built atop a five-story podium and include vertical floor-to-ceiling windows. 

Read more

The developers must demolish the temporary Transbay Bus Terminal, an interim public transit hub created during the construction of the Salesforce Tower and the Transbay Transit Center.  

In the past few years, Block 2 has served as The Crossing at East Cut, a community center for festivals, public events and dogs.

At Block 4 nearby, Houston-based Hines and Mercy Housing plan have approval to build a 47-story, 681-unit residential highrise at 200 Main Street, of which 307 units would be affordable. 

— Dana Bartholomew

Tags
200 Folsom StreetAffordable HousingChinatown Community Development CenterEast CutHinesMercy Housing CaliforniaResidential Real EstateSan FranciscoSouth Of MarketTransbay