The 125-foot stretch of land between the Potrero Hill homes at 905 and 953 Kansas Street has never before been developed, perhaps because of the large rock outcropping which dominates the site.
But said stretch is legally five developable parcels.
And as newly envisioned, five modern buildings designed Dawson & Clinton and RG‐Architecture will rise up to five stories across the 923-939 Kansas Street site: a four-level single-family home; two four-level duplexes; and two five-level duplexes with a total of nine parking spaces between the five garages.
If approved and permitted, construction would take two years, including the required excavation and effective leveling of the front halves of the lots, straightening of the street, and pouring of a new sidewalk.
Since approved by Planning, the five parcels and plans for the 9-unit development hit the market at the end of last year, listed as a “once in a lifetime project” with a $8.995 million price tag.
And having recently been permitted, with a previously requested Discretionary Review (DR) having been withdrawn, the sale of the 923-939 Kansas Street site (which will need to be excavated down to a depth of 24 feet) and approved plans (which would yield over 33,000 square feet of developed space) have just closed escrow with a $7.15 million contract price.
We’ll keep you posted and plugged-in.