Approved by Planning back in 2015 but waylaid by legal challenges, the ground for the massive 5M Project – which spans a 4-acre South of Market site stretching from Mission to Howard and Fifth to Mary – has officially broken ground.
Now championed by Brookfield Properties, which acquired Forest City last year, the first phase of the development includes the construction of a 640,000-square-foot office and ground-floor retail complex at “415 Natoma” Street, wrapped around The Chieftain at the corner of Fifth and Howard and designed by Kohn Pederson Fox and House & Robertson Architects to attract “modern HQs,” along with a 302-unit apartment building designed by Ankrom Moisan to rise at 434 Minna, stretching along Mary to Mission.
In addition, the historic Camelline and Dempster buildings on the site will be renovated and re-purposed, including dedicated space for arts, cultural and educational uses, with a new Mary Court park between.
And all of the above is now slated to be completed by late 2021.
But not rendered above, nor part of phase one, are the approved plans for a modern 400-unit condo tower to rise up to 470 feet in height along Fifth, between the new 415 Natoma complex and Hearst’s historic Chronicle building at Fifth and Mission (nor are Hearst’s plans for renovating the Chronicle building, including the addition of a 23,000-square-foot rooftop park).