With San Francisco’s Mayor’s Office of Housing seeking to issue up to $375 million of mortgage revenue bonds to finance Related California’s proposed 1500 Mission Street development which could rise up to 320 feet on the northeast corner of Mission and South Van Ness, the half-block parcel upon which Goodwill currently resides, we get our first peek at the development’s design and details.
As proposed, Related’s 1500-1580 Mission Street project includes 565 units of rental housing averaging 728 square feet apiece. Twenty percent (113) of the apartments would be designated as affordable/Below Market Rate.
And of course, Related plans for the development plans to be “competitively amenitized,” complete with doorman, fitness center, pool, terraces, rooftop access and other amenities, “as dictated by market conditions.”
In addition to the housing, the 1500 Mission Street development includes plans for over 450,000 square feet of office space along Mission Street (one entrance to which would be by way of the existing Coca Cola Bottling Plant Clock Tower building which would be incorporated into the development) and 24,000 square feet of retail.
A subterranean garage would provide 300 parking spaces for the residents in the apartments and up to 150 spaces for the office tenants.