Five months ago the Inner Mission parking lot at 606 Capp Street, between 21st and 22nd, sold for $3.3 million on the open market.
Plans to construct a four-story building on the site have since been drafted by Leavitt Architecture. And as now proposed, the development would consist of 20 apartments without any off-street parking except for twenty (20) bikes, the individual lockers for which were designed to front the building and street.
But the proposed bicycle parking is not an active use as required by Code. And as such, while the City’s Planning Department lauds the proposed project for providing no parking for autos, their preliminary review of the plan notes that the building will need to be redesigned, with the bike parking “located in the interior of the building as close and conveniently accessible to the residential lobby as possible.”
And for those of you keeping track at home, the effective land cost for the 606 Capp Street parcel, which includes 8 two-bedrooms as proposed, works out to $165,000 per unit versus the record setting $256,944 per unit that the City paid for the fully-entitled 490 South Van Ness Avenue parcel five blocks away.