And while an additional story of office space has been added to the proposed development’s 120-foot-tall podium, which would include the partial retention of the existing five-story office and retail building on the site along with a three-story addition, the residential unit count for the new tower component has been increased from 562 to 610 while the total story count has been reduced to 48 (not including the mechanical enclosure atop).
According to the project team, 25 percent of the residential units (153) would be offered at below market rates (BMR) with an additional fee of $10.48 per gross square foot of the development’s residential space to be paid into an affordable housing fund to help develop additional BMR units (“estimated to be equal in number to 8% of the project’s total market-rate units”) in the area.
In addition to the 610 apartments, the development as now proposed would yield a total of 234,000 square feet of office space over 21,000 square feet of ground floor retail and a basement garage for 224 cars (153 spaces for residents, 66 non-residential parking spaces and 5 spaces for a car-sharing program) and 281 bikes with its entrance on Fell.
And rather than rely on an adoption of the Hub District Plan to increase the potential height of the 30 Van Ness parcel above the 400 feet for which it is currently zoned, Lendlease is planning to seek the passage of a Special Use District and amendments to the City’s Zoning Map to increase the permitted height to 520 feet and allow general office use above the site’s 4th floor.
The City of San Francisco is currently slated to occupy the existing building at 30 Van Ness until the 1500 Mission Street development is finished, which is currently slated to occur around 2020. We’ll continue to keep you posted and plugged-in.