October 28, 2013

1400 Mission Street: 197 Affordable Condos On The Other Corner

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Across the street from the SoMa parcel on which the 14-story building at 1415 Mission Street is getting ready to start construction, the building permits for the condo building to rise up to fifteen stories at 1400 Mission have been issued and site work has commenced.

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As we first reported about the 1400 Mission Street project last year:

Currently leased to the builders of 1401 Market for construction staging, the plans for the site at 1400 Mission Street at Tenth have since been revised. And yes, the rooftop gardens once proposed for the portions of the building fronting Mission and Tenth Street are old news and long gone. The currently proposed project is ten stories along Mission Street and fifteen along Tenth Street with a podium courtyard on the second floor.
Having partnered with Maracor, the TNDC led project is slated to yield 197 units of for-sale affordable family housing, including 87 two-bedroom condos and 24 three-bedrooms, over 5,000 square feet of ground floor commercial/retail space and parking for 48 cars by 2015.
Households earning between 70% and 150% of the Area Median Income (AMI) will qualify for the condos. And with respect to parking for bikes, the latest plans call for 66 spaces up from the 13 spaces approved in 2004.

The current Area Median Income for San Francisco is around $71,000 for a one-person household, $81,000 for two people and $91,000 for three.

First Published: October 28, 2013 2:15 PM

Comments from "Plugged In" Readers

Ridiculously low amount of bike parking, even with the increase.

Posted by: anon at October 28, 2013 2:55 PM

^At least any "overflow" can be handled by residents storing bikes in their units. I'd expect that if demand does overflow the 66 spaces provided then the HOA can start looking for expansion possibilities.

Nice to see a decent number of 3br units coming to the market here.

Posted by: The Milkshake of Despair at October 28, 2013 3:11 PM

Nice to see SF helping out the "low income" couples (with a kid) making $91K...

Posted by: FormerAptBroker at October 28, 2013 4:23 PM

FormerAptBroker: it's between 70% and 150% of median, so the couple with a kid can make up to $136,500.

Posted by: Kenz at October 28, 2013 4:37 PM

I like it. Nice complement to Nema next door.

Posted by: Turin at October 28, 2013 10:54 PM

Nice to see more 2 and 3 BR units for families.
Another ho-hum glass box, however, but better than NEMA which is a Big Black Thing. Couldn't they have broken up the monotony with a splash of color somewhere?
The Emperor Palpatine would feel right at home.

Posted by: james jr at October 29, 2013 4:10 PM

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