San Francisco's Excelsior Neighborhood To Get More Housing
Bridge Housing and National Electrical Benefits Fund will submit plans on Monday for a 426-unit apartment complex in the Excelsior District in San Francisco. The Mission Street project will combine two lots at 4840 and 4950 Mission St. into a mixed-use development with a 53K SF Safeway, a 10K SF Mission Neighborhood Health Center and 15K SF of retail, the San Francisco Chronicle reports.
The Excelsior has received renewed attention from developers, and 800 units of housing have been proposed in the district that could help support the area's anemic retail. The area has the highest retail vacancy rate of any retail district in the city, San Francisco Supervisor Ahsha Safai told the Chronicle.
Other developments include 61 units at Mission Street and Seneca Avenue expected to deliver in 2018, 125 units at 65 Ocean Ave., about 100 units next to the Balboa Park BART station and 103 units at 915 Cayuga Ave.
The first phase of the Mission Street project will redevelop a funeral home site with 175 affordable units above the new Safeway and health center. The second phase will redevelop the site of the current Safeway, which is nearly half the size of the new store, into a housing complex with 251 market-rate units and 15K SF of retail. Emerald Fund will manage the project’s development.
The project is a much denser reiteration of a plan from Bridge Housing that proposed 100 affordable units and 20 market-rate townhomes. Safai told the developer to come up with a denser plan to make better use of the site, according to the San Francisco Chronicle. The developer will push for increased density in exchange for building affordable housing at a higher level than the city's requirement.
CORRECTION, DEC. 4, 12:08 P.M. PT: A previous version of this story had the address for one of the lots in the Mission Street project wrong. It will combine lots at 4840 and 4950 Mission St. The story has been updated.
