[Pedestrian]

Developer seeks expedited approval for 500-unit SoMa project
By Sarah Klearman – Staff Reporter, San Francisco Business Times
Jun 17, 2021 Updated Jun 21, 2021, 11:26am PDT

Strada Investment Group presented plans for a 500-unit SoMa housing project to the San Francisco Planning Commission Thursday — and the company is seeking fast-track approval.

The $200 million project, on three-quarters of an acre at 555 and 565-585 Bryant St. now home to industrial buildings, could total nearly 500,000 square feet, according to Will Goodman, managing director of the San Francisco developer.

It will include a mix of studios, one- and two-bedrooms with 20,605 square feet of production, distribution and repair space and 125 parking spaces. The project’s architect is Solomon Cordwell Buenz.

No action was taken at Thursday's meeting. Strada is seeking expedited approval for the project per the terms of the Central South of Market Housing Sustainability District’s approval process, according to a planning staff report. That process requires no formal approval from the commission, but rather a decision from the city’s planning director within 120 days of a complete application submission. The project is considered approved if no decision is made within the 120 days.

The planning director may only disapprove if it is determined the project will have an adverse impact on health and safety; if the application is incomplete; or it is not compliant with the HSD’s terms, which include a requirement that the majority of square footage be dedicated to residential use and a height limit of 160 feet.

Strada has also applied for the state density bonus, according to planning staff, which would permit a 42% increase in residential floor area and get the project to 500,000 square feet. The project will include 78 on-site affordable units, including four very-low income units, to comply with the state density bonus law . . . .

https://www.bizjournals.com/sanfranc...55-bryant.html