Home News Huge New Housing Development With 45% Affordable Units Approved for Former Transit Hub Site In SoMa

Huge New Housing Development With 45% Affordable Units Approved for Former Transit Hub Site In SoMa

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Home to the temporary Transbay Transit Center during construction of the new transit center, SoMa’s block-sized property was the site of planned affordable housing. And now, the developer’s plans for the 681-unit, three-tower complex have received approval from the SF Planning Commission.

The developer behind the project is Hines, and the residential density bonus added 60 feet to the taller tower, making it 513 feet or about 40 stories high. This makes the project the highest percentage of below-market units of any downtown for-profit development, boasting 45% affordable units. This corresponds to 307 units out of a total of 681 units. today’s chronicle report, following Thursday’s approval vote at the Planning Commission. (Under the Transbay Transit District Redevelopment Regulations, all housing developments must be at least 35% affordable.)

This development is now called block 4 Since this is Transbay Block 4 on the district plan, there is a mix of unit types including several townhouses. There are also a number of family-sized apartments, with 52 three-bedroom units and 105 two-bedroom units, which is unusual for this part of the city.

“This building, these homes, is part of the city’s recovery strategy,” Corey Smith, executive director of the Housing Action Coalition, told The Chronicle. Attract new residents. ”

And Doug Shoemaker, president of Mercy Housing, a Hines non-profit partner for developing affordable units, said in a statement, “We are thrilled to bring family-friendly housing to this part of the city. I am.”

A six-storey podium structure serves as the base for two 16- to 17-storey towers and the main tallest tower. The podium will also include approximately 20 townhouse units. The site is surrounded by Howard, Folsom, Beale and Main Streets.

A rendering of the project, designed by Solomon Cordwell Buenz and Kennerly Architecture and Planning, shows the majority of the site used for green space.

Rendering with Hines
Rendering with Hines

Also, the top is cute.

Rendering with Hines

Currently, on the 3.5 acre site, Eastcut Crossingwhich First appeared last fall Beer garden, exercise area, pickleball court and mini soccer field. It will live on the site until next year, and Hines says he plans to break ground on the housing development in late 2023 or early 2024.

Yes, they’re still trying to bring “East Cut” to life as the name for this section of SoMa next to the transit center that used to be called Rincon Hill or simply SoMa.

According to the Chronicle, Block 4 has brought a significant number of new residents to the area, and to date the Transbay Transit District has brought 2,200 new residential units to the neighborhood.

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