The early paperwork has been filed to raze the existing structure, fuel station and surface area parking lot stretching from 1201-1225 Tennessee to 2650-2690 Third Streets and construct a six-story mixed-use building with 300 dwelling units over 255 parking spaces and up to 5,500 square feet of retail on the site.
According to a plugged-in source, the development has taken a step forward as AGI Capital has since gone non-refundable on their contract to purchase the site.
Finally after years of real estate stagnation (depression) there are signs of development again in SF. I think the Dogpatch/Potrero Hill area stands to benefit from this movement as there is still plenty of land for growth; unlike most of SF. Nonetheless, good news.
Hope this doesn’t affect 3rd Street Boxing which is right next door. I love that place!!!
There is also an interesting article on development in that nabe (DP/PH) from Potrero View.
http://potreroview.net/news10836.html
You know an area has been gentrified when new condos are springing up mere 25 feet from a Hell Angel’s clubhouse.