Approved for the development of a nine-story building, with 15 apartments and 88-feet in height, at the end of last year, the Western South of Market parking lot parcel at 475 Minna Street, between Fifth and Sixth, is now on the market for $3.2 million rather than preparing to break ground.
The site is actually zoned for development up to 120 feet in height, as is its neighboring parking lot parcel for which plans have yet to be drawn.
And the parcel next to that, upon which the two-story office building at 457 Minna currently sits, occupied by the Build Group, is zoned for development up to 160 feet in height, with the western boundary of the massive 5M site two doors down.
I don’t have anything useful to say. But I do find the Google Streetview (Feb 2016) across from this site to be relevant (or name link).
If only others had your restraint (or your 1000 words)
Oh nice, it’s the ritzy part of Soma – where the homeless use the plantings, instead of the sidewalk.
The rendering shown above brings to mind the Acorn housing projects in West Oakland.
Not really. It’s a fraction of the size and doesn’t look that similar, aside from being a tall boring building.
Why is the developer selling? What does this trend portend? Whats going to happen in 2018?
Don’t make everything a big thing! Maybe the developer is a small operation and recently got the project approved, so why not sell now? It helps them avoid the brain damage from trying to do too much.
The very definition of offensively dull.
i actually think its very beautiful and fits well in that location
UPDATE: The asking price for the Western SoMa parking lot parcel at 475 Minna has just been reduced by $200,000 (6 percent), now asking an even $3 million for the site and approved plans.
Address: 457, 463, 469 and 475 Minna Street
Sale Date: 02/03/2022
Notice of Sale Amt: $10,086,212.77
Firm Name: Default Resolution Network
Taken back by the bank at 01:35 PM.