Having just been granted a neighborhood plan-based exemption from having to complete a more extensive environmental review, the plans for razing the former Franklin Auto Body Shop and parking lot at 22-24 Franklin Street and constructing an eight-story building upon the Hayes Valley site are poised to be approved by San Francisco’s Planning Commission next week.
Originally slated for review this past December, the proposed development includes 35 apartments* over 2,100 square feet of retail and would reach 85-feet in height with a combination of common and private roof decks.
As the proposed development doesn’t include any off-street parking, except for a room in which to park 35 bikes, the existing curb cuts in front of the building would be removed. And if approved, the development team anticipates the project breaking ground this year, with occupancy by the end of 2017.
And once again, while formal plans to develop the adjacent half-acre parking lot at the corner of Franklin and Oak have yet to be submitted to Planning, the 98 Franklin Street site is in play and zoned for development up to 85-feet in height.
UPDATE: While likely to be condo mapped, the developer currently intends to rent the units, including four (4) at below market rates as currently required.