While the demolition and building permits for the approved modern 53 unit building to rise on the southeast corner of 16th and Florida Streets in the Mission were issued last year, they were subsequently suspended following an appeal of the development’s perceived impact – in terms of its affordable housing contribution and the loss of existing production, distribution and repair (PDR) space – on the neighborhood.
San Francisco’s Board of Appeals denied the challenge earlier this year and both permits have since been reinstated. But the ground has yet to be broken.
In fact, while the US Auto Body shop at 2445 16th Street, which is one of the two buildings on the site to be demolished, had agreed to a buyout last year, they remain in place with a lease that runs through mid-2021. And the lease for the tenant in the other building on the site, Safelite Auto Glass at 2435 16th Street, currently runs through mid-2022.
And with all that in mind, the site, plans and reinstated permits are now back on the market with a $9.25 million price tag, which is 7.5 percent less than was being sought for the project after it was approved back in 2017 but 2.8 percent more than its asking price, prior to being appealed, last year.