Plans to redevelop the 6,000-square-foot parking lot at 530 Turk Street are in the works. And as envisioned by JS Sullivan Development and rendered by rg-Architecture below, an 11-story building would rise up to 115 feet in height upon the Tenderloin site, adjacent to the 108-unit below market rate (BMR) development nearing completion on the corner at 500 Turk.
The project as proposed would yield 100 condos, a mix of 20 studios, 70 one-bedrooms and 10 twos, with a 700-square-foot retail space fronting Turk and off-street parking for 25 cars and 100 bikes. And while the 530 Turk Street parcel is only zoned for development up to 80 feet in height, the project team is positioning for a State Density Bonus to allow for the additional height, in exchange for which 24 of the units would be sold at below market rates. We’ll keep you posted and plugged-in.