Built for Bank of America in 1960 and a branch office until 1991, the single-story Tenderloin building on the northwest corner of Hyde Street and Golden Gate Avenue is now a limited-service branch for the United States Postal Service with post office boxes and package pickup services for area residents without a permanent address.
But if approved, the 101 Hyde Street building will be razed to make way for an eight‐story building with 85 residential units over 5,000 square feet of ground‐floor retail space and an underground garage for 15 cars and 86 bikes.
As designed by Costa Brown Architecture, the 80-foot building includes 29 studios and junior one-bedrooms; 43 one-bedrooms; 7 two-bedrooms; and 6 three-bedroom units. And a 3,700-square-foot roof deck with a 10-foot windscreen would serve as “open space” for the building’s residents.
The project team is hoping to have all approvals in place and be able to break ground this fall, at which point the development would take an estimated 18 months to complete.
Tenants for the development’s three ground floor retail spaces, which would front both Hyde and Golden Gate, have yet to be identified.