The Environmental Impact Report for Trumark Urban’s proposed 12-story building to rise along Market Street, between Franklin and Van Ness, with 109 condos over three ground-floor retail spaces and an underground garage has been drafted and is ready for review.
As we first reported a few months ago, the proposed 1546-1564 Market Street project would be composed of two distinct structures designed by Handel Architects: one fronting Market Street with the project’s two main retail spaces, and the second fronting Oak Street with the building’s lobby, garage entrance and the third little retail space, likely a café.
Three existing buildings will need to be razed for Trumark’s project to be constructed, including the garage at 55 Oak Street and the office building at 1554-1564 Market Street, both of which are historical resources and hence the detailed environmental report which will be reviewed by the Planning Commission on February 12.
If approved, the modern twelve-story building would rise directly adjacent to the Market Street parcels upon which the redesigned One Van Ness project could rise up to 37-stories in height.
UPDATE: The Planning Commission hearing for the project has been moved to February 26.