Strada Investment Group has received a green light to build a 35-story apartment tower in San Francisco’s South of Market
The San Francisco-based developer won approval from the city to build the 524-unit highrise at 395 3rd Street, SFYimby reported. It would replace a parking lot.
The 553,800-square-foot building will include 96 studios, 299 one-bedroom and 129 two-bedroom apartments near 3rd and Harrison streets, a block from Moscone Center. Of those, 84 units would be set aside as affordable.
The tower will include 4,500 square feet of ground-floor shops and restaurants, plus a four-level underground garage for 125 cars and 240 bicycles.
The half-acre project, designed by Henning Larson and Multistudio, will be clad in concrete, but claims to be influenced by California redwood trees.
The white tower will include banks of floor-to-ceiling window panels and inset balconies, according to a rendering. A rooftop deck will contain tall viewing panels, interspersed with trees, in addition to a landscaped terrace on the 11th floor.
The $200 million tower is expected to break ground next year and take 35 months to build.
Strada is also moving forward with a 500-unit tower at 555 Bryant Street and a Samuel Merritt University campus expansion in Downtown Oakland.
The San Francisco-based firm has partnered with others on the Tanforan Mall redevelopment, New Plaza East, a nearly-complete 1629 Market Street, and a 556-unit complex atop Oakland’s Lake Merritt Station.
Read more
Residential
San Francisco
Strada seeks demolitions to make way for 500 apartments in SF’s South of Market
Commercial
San Francisco
Strada walks away from office tower project in SF’s SoMa
Commercial
San Francisco
Samuel Merritt University borrows $139M for Oakland campus
Strada Investment has a $1.2 billion plan to redevelop two aging piers and a parking lot on San Francisco’s Embarcadero.
In June last year, it walked away from plans to build a 270,000-square-foot office building in San Francisco’s South of Market. Trammell Crow, based in Dallas, took over the 12-story project at 490 Brannan Street.
— Dana Bartholomew