If the Forge Land Company’s plans are approved at the end of the month, a pair of eight-story buildings, with a total of 238 market-rate “group housing” rooms over 5,000 square feet of ground-floor retail space, could rise on two parking lots fronting Leavenworth and Turk in the Tenderloin.
The 238 apartments would average 250 square feet apiece, each with a private bath and kitchenette. Shared lounges, a communal kitchen and other common areas allows the development to qualify as Group Housing and avoid including any designated Below Market Rate (BMR) units on-site or elsewhere.
And in fact, in exchange for the development of 145 Leavenworth and 361 Turk, the development team is planning to convert 238 rooms in five existing SRO hotels in the area to tourist use (and rates), a point which hasn’t been touted for the project which is positioned as “workforce” housing for the “middle of the residential market.”
As designed by Collins Woerman, the two new buildings would be constructed of prefabricated modular steel and feature perforated copper skins (“similar to the deYoung Museum exterior”).
And in terms of the expected rents, the development team is targeting an average rent which will be affordable to those earning 150% of the Area Median Income (AMI), which is currently $107,050 for a single person in San Francisco or $122,250 for a household of two.