The most desolate stretch of Valencia — currently a fenced-off vacant lot at the intersection of 14th Street — will be 36 condos by spring of next year.
The $20 million project at 299 Valencia will contain 32 market-rate units, three commercial spaces and 29 subterranean parking spaces. Four of the units will be designated as affordable housing, said Sean Sullivan, a managing partner at JS Sullivan Development, the project’s developer. The project was designed by Leavitt Architecture of San Francisco.
JS Sullivan is the same team working on another infill mixed-use project a few blocks away, at 15th and South Van Ness.
“We are very excited about this development,” Sullivan told Mission Loc@l. “We feel we are bringing a lot of changes to an area that is seeing new residential projects and an increase in pedestrian traffic.”
JS Sullivan has collaborated on multiple housing projects in the Mission, mostly between 14th and 16th streets.
Plans to develop 299 Valencia began in earnest in 2005, but the poor real estate market and public opposition over the project’s high number of parking spaces hindered its progress.
The company waited until the economy rebounded to move forward with entitlements needed for construction, Sullivan said. It obtained approvals from the San Francisco Planning Commission and the Board of Supervisors in 2009, and broke ground last year.
The building has yet to sign tenants for the project’s 5,000 square feet of retail space. Sullivan declined to speculate as to who those tenants might be, but did express interest in a restaurant or bakery.
Future residents will have both their vices and virtues covered — they’ll be a short walk from both Annunciation Cathedral and the headquarters of Kink.com.