Approved for a 200-unit development of micro-apartments to rise up to eight stories in height on the western edge of SoMa, between Folsom and Harrison, the development team behind the 333 12th Street project is now seeking permission to use the development for student housing, specifically for students of Golden Gate University and San Francisco Art Institute.
If approved, the building’s bike parking would be increased by 50 percent to over 200 spaces and student lounges would be added on each floor.
While 16 of the 200 units would still have be rented at affordable levels to very-low-income households as required by California’s Density Bonus Law, which was invoked in order to allow the development to rise two stories higher than zoned, student housing is exempt from the affordable housing requirements of San Francisco’s Planning Code. And as such, the additional 11 units which had been required to be offered at below market rates when approved would not be offered as such while the building was leased to the University and Institute.
If approved and subsequently permitted, the development of 333 12th Street will take around 18 months from the time the project breaks ground.