The 260 acres of land bounded by Market, Second, Townsend and Sixth Streets, which will soon be bisected by the Central Subway and is collectively known as Central SoMa, is currently zoned to support the building of 8,225 new residential units and office space for another 19,140 workers.
By selectively increasing height limits on certain sites, primarily south of Harrison Street, up to 400 feet in height; removing land use restrictions to emphasize office uses in the central portion of the area; and modifying the system of area streets and circulation to meet the needs of a dense transit-oriented district, the first iteration of the City’s Central Corridor (now SoMa) Plan, which was drafted three years ago, added the potential for building an additional 3,490 housing units and office space for another 27,820 jobs within the area.
But as we wrote at the time:
“It’s a great start, but with San Francisco projected to add 190,000 new jobs by 2040, filled in part by a projected 150,000 new residents by 2035, and for which 92,000 housing units will need to be built, are the plans for San Francisco’s Central Corridor with excellent regional transit accessibility adjacent to existing job centers and urban amenities big enough?”
This afternoon, a revised Central SoMa Plan will be unveiled and presented to San Francisco’s Planning Commission.
The draft Environmental Impact Report (EIR) for the revised neighborhood Plan is then expected to be released next month. And if all goes as currently envisioned, the City’s Central SoMa Plan could be adopted and in place by mid-2017.
We’ll keep you posted and plugged-in.
UPDATE: New Plan for Central SoMa Doubles Additional Housing and Space for Jobs, but not all developers are going to be happy.