The designs for the mixed-use development to rise at 1300 Fourth Street (a.k.a. Mission Bay Block 6 East), with 142 affordable apartments and a managers unit over up to seven ground-floor commercial spaces fronting the Fourth Street corridor, have been refined and newly rendered.
As designed by Mithun Solomon and Studio VARA, a double-height restaurant at the corner of Fourth and Mission Bay Boulevard will overlook the future Mission Bay Commons, while the northern most corner of the development at Fourth and China Basin will provide space for an after school writing and literacy program to be run by 826 Valencia.
Up to five additional retail spaces will line the ground floor of the building along Fourth Street.
A mews with 12 townhomes and 10 flats facing a mid-block walkway between Mission Bay Boulevard and China Basin will rise up to three stories along the western edge of the development.
The Tenderloin Neighborhood Development Group (TDNC) will manage the units which will range in size from around 600 square feet for a one-bedroom to 1,300 square feet for the largest three-bedroom and be available to households earning up to 50% of the Area Median Income (AMI). Twenty percent of the apartments will be designated for formerly homeless families and the building will provide and 24-hour property management and supportive services for residents.
The projected budget for the development, which also includes 41 off-street parking spaces, parking for 136 bicycles, and a number of open courtyards, but doesn’t account for the value of the land, is around $76 million to build.
The project team currently plans to start construction in late spring 2016 and occupancy is slated for around the end of 2017.