2070 Folsom Street Site

While currently only zoned for building up to 55-feet high and with a parcel size that would support up to 60 units of housing at that height, the two players picked by the Mayor’s Office of Housing and Community Development to develop the Mission District parcel at 2060 Folsom Street are planning to build 101 units of affordable housing on the site.

The additional 41 units of housing would require the City to successfully approve a ‘density bonus’ for the parcel, a bonus which would allow the Chinatown Community Development Center and Mission Economic Development Agency team to build up to 75-feet in height. The building will abut the future Folsom and 17th Street park on the southern half of the parking lot parcel pictured above.

Keep in mind that the density bonus isn’t guaranteed and the program and potential challenges are so far untested in San Francisco, but the formal acknowledgement of the plans for the Folsom Street parcel should foreshadow a number of other ‘bonus’ announcements to soon come.