With an Environmental Impact Report (EIR) for the formally proposed semi-massive redevelopment of CPMC’s nearly 5-acre California Hospital Campus at 3700 California Street about to be drafted, the project team has refined their plans and projected timing for the project.
The refined plans now include 273 units of high-end housing, up from 258 as previously envisioned, spread across 31 new buildings rising up to seven stories in height on the southern border of Presidio Heights.
At the same time, the number of off-street parking spaces, which Planning had recommended be reduced, has been increased from 393 to 416, including 2 spaces for each of the 12 single-family homes.
And in terms of timing, TMG Partners now appears to be positioning for a ground breaking around 2021, phasing the project on a block-by-block, but potentially overlapping, basis over three and a half years, moving east to west and potentially finishing construction around 2024, “dictated by market conditions” and assuming the project is approved as proposed. We’ll keep you posted and plugged-in.