Related California is planning to start construction on the 56-story tower designed by Architect Rem Koolhaas and the Office for Metropolitan Architecture (OMA) to rise at the corner of Folsom and First, along with the Fougeron Architecture designed podium and mid-rise along Folsom and Fremont, in Spring of 2016.
Plans for a total of 653 residences, 31,500 square feet of retail space and a five-level subterranean garage have been drawn for the Transbay District block, including 491 apartments and 162 condominiums.
And as designed, the 162 market-rate condominiums will occupy the top 23 stories of the tower, separated from the 314 market rate rentals by an amenity floor on the 33rd story of the building.
The project’s 177 below market rate units, earmarked for San Francisco residents earning up to 50 percent of the area median income, will be located in the tower’s podium and mid-rise.
Construction of the Transbay Block 8 development is expected to take between 36 and 45 months to complete, including the mid-block pedestrian pathway and Urban Living Room which will connect Folsom and Clementina in an effort to help support the retail which will line the paseo, and to help build a sense of community as well.