The San Francisco Business Times reports that a proposal for a 400,000 square-foot mixed-use development was submitted to the city’s planning department.
“The $82 million development, proposed by Maximus Real Estate Partner, calls for 351 housing units and 32,000 square feet of retail on the northeast corner of the intersection. The project would replace a Walgreens, the Hwa Lei Market, the City Club bar, two restaurants, and a defunct dollar store. It also includes the redevelopment of a 24,000 square foot surface parking lot behind the Walgreen’s.”
Part of me now wonders if the “Clean up the Plaza” movement was astroturfed by these developers. Even if it is, almost anything would be better than the way things are right now.
That’s what I suspect as well. If not these developers, other ones. The “Clean Up the Plaza” website is completely and most likely intentionally uninformative.
An investigation into the funding behind this campaign would be a good topic for a Mission Local story.
The eyes of the real estate developers are getting as big as saucers as they say. The current boom is in full effect, and none of the money people want to miss out. But how long will it last? That’s the big question. How many of these boom and bust cycles has SF endured in its relatively short history? I think I’ve lived through three booms and two busts during my almost 25 year residency. Actually, maybe four and three. Late ’80’s boom, early ’90’s bust; late ’90’s big boom, early ’00’s big bust; mid ’00’s boom, late ’00’s bust; early ’10’s big big boom, to be continued.
Well, we’ll see how this ambitious plan unfolds. Will it beat the clock or will we get stuck with a big hole next to the BART plaza for five to ten years?
And, of course, the most pressing need is housing affordable to residents in the lower income ranges, and we’re getting precious little of that as market rate developers buy their way out of including units onsite, and the city struggles to put together resources to develop subsidized units on the alternative sites because of sequestration and other budget cuts. See, for example, the construction of luxury condos next to the New Mission Theatre while the plans for the offsite affordable units at Shotwell and Cesar Chavez remain speculative.
landline — get used to the boom/bust cycle — cities and economies are natural organic systems and they always go through cycles. That is nature! The sun rises and sets. Winter follows summer. Everything that lives vibrates and pulsates, and so do our cities and national economies.
Just like a smart farmer who plans for the winter, a smart person today knows that these rhythms are natural and plans for the next recession.
There is nothing natural about economic cycles of boom and bust.
Trying to conflate natural processes with human wealth-seeking is a feeble attempt at justifying the destructive effects of speculation.
Good luck finding the mythical family farmer as agribusiness and aggressive land theft disguised as good business has put most of them out of business and in financial ruin. Smart with integrity is no match for greed with power.
blah blah blah blah. Natural or not, it’s a cycle. Stay on topic.
This is awesome news!!! I hope this gets built quick!
Hope these are condos & not more public housing projects. District 9 has far too many already. Mission & 16th St needs major upgrade not more of the same.
Agreed.
I imagine these will be a mix of mostly market-rate and a few below-market-rate. The building is being designed by a SOM (which is a big architectural firm that fetches a pretty penny) so it’s highly unlikely that this will be SRO or anything like that.
Yes, it’s hard for Realtorz to make a buck (or ten thousand) off of public housing!
If any development is going to take place in the Mission, I seriously think it would be a benefit at 16th & Mission. Our community has tried for years to get that area cleaned up and made safer. Nothing has worked and it continues to be a health hazard, crime magnet and all around unpleasant place to walk through or wait for a bus/BART. I agree the proposed development is rather large, but such a project (or smaller one) may be the only solution for this neglected, filthy, unsafe area.
Sounds like an improvement to the block, but how can established businesses just be “replaced” by new development?
It’s criminally negligent to not maximize residential development so close to a BART station. That needs to be at least 5 stories taller and a minimum of 750 affordable units. Are we trying to preserve architectural aesthetics or livability for the average person in the Mission?
Affordable units typically cost about 250K each to provide. So as charming as your idea for 750 BMR units is, the question has to be asked. Who would you like to come up with the $187,500,000?
Nice idea. Reality is – no way.
Affordable units typically cost about 250K each to provide. So as charming as your idea for 750 BMR units is, the question has to be asked. Who would you like to come up with the $187,500,000?
Nice idea. Reality is – no way.