A plan to build a 200-foot, twenty-two story building with 59 dwelling units at 325 Fremont was first approved over a decade ago, a plan which was revised in 2004 to yield 70 units but which never broke ground. In 2005, the Rincon Hill Plan was certified and the 325 Freemont Street site was up-zoned to a 250-foot height limit.
Earlier this year, Crescent Heights purchased the 325 Fremont Street site for $4.85 million. And while many industry folks expected Crescent Heights to build the 200-foot project as entitled, Crescent has quietly submitted new plans for a twenty-five story tower with 119 dwelling units, 61 parking spaces, 43 slots for bikes and a 2,600 square foot roof deck.
As plugged-in people know, the construction of 83 units at 333 Fremont next door is underway. As always, we’ll keep you posted and plugged-in.
MORE PARKING
Any renderings of the new design yet? I’m not convinced by the earlier design.
Seems that there’s gonna be some activity on Fremont St. But I’m unaware of any retail being built there. Disappointing.
I believe the plan for the Transbay and Rincon Hill neighborhoods is for retail to be concentrated on the new Folsom “Boulevard” just around the corner.
WAAAAY too much parking, but ok otherwise. Lop that down to ~10 spaces and we’re good to go.
I’m sure there’s an interesting untold story around the previous two plans. If they couldn’t get financing in 2005, something was seriously amiss.
I guess we should all hope they go ahead and build this time.
For Jim on one side and ‘anon’ on the other, The Rincon Hill area plan is so lucid on this issue that it’s worth quoting extensively (from pg. 25, or II.3.25 of the acrobat file):
Use your quadriceps and hamstrings, etc. while you can.
If that wasn’t enough for you, later in the same section we get down to the brass tacks:
I’m guessing that “not independently accessible” would mean that the developer would have to include a stacker for the marginal increase in parking spaces. Anybody know for sure what this language refers to?
So no dedicated RH parking garages for the foreseeable future, at least for the non-resident target market, and that’s as it should be given its location.
Now all The city has to do is use the impact fee money to really step up muni service.
UPDATE: The Evolution Of Design For 325 Fremont Street And Rincon Hill.