Maximus Real Estate Partners is in contract to buy the 57,000 square foot parcel above the 16th Street BART station on the northeast corner of Mission Street and has submitted plans to build a 10-story building designed by Skidmore Owings & Merrill with 351 housing units, 32,000 square feet of retail and a 56,000-square-foot basement parking garage on the site.
From JK Dinnen at the Business Times:
The proposal calls for airy plate glass storefronts, with 14-foot floor-to-ceiling heights, which would wrap around the BART plaza and continue along Mission and 16th streets. The group says the blank facades currently ringing the BART Plaza on Mission and Capp streets represent “a significant contributing factor to the high crime rate at the intersection of 16th and Mission.”
The sale of the parcel which includes an existing Walgreens, the Hwa Lei Market, the City Club bar, two restaurants and a defunct dollar store, all of which would be razed, is contingent upon approvals of the proposed development by the city.