Specs:
- 500 units (74 studios, 228 1BR, 198 2 BR)
- 78 of the units will be affordable
- 20,600 sq ft for light industrial use at ground level
- Parking for 125 cars and 200+ bicycles
Quote:
Demolition Underway At 555 Bryant Street In SoMa, San Francisco
BY: ANDREW NELSON 5:30 AM ON DECEMBER 6, 2022
Demolition work is nearly complete at 555 Bryant Street, making way for a new 16-story mixed-use infill in SoMa, San Francisco. The 0.75-acre site will soon be home to 501 apartments nearby a new MUNI Central Subway station and Caltrain. Strada Investment Group is the project developer.
Strada purchased the property in 2021 for around $45 million. The plans made use of Senate Bill 330 to expedite the approval process and the State Density Bonus program to increase residential capacity above base zoning. New building permits estimate construction to cost around $220 million, a figure not inclusive of all development costs. Writing to YIMBY, Strada shared that “demolition is underway, and construction is expected to take about 30 months to complete. The project will provide 501 units of market-rate and affordable housing right on public transit as part of the Central SoMa plan.”
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Once the demolition is complete, excavation will be required for the foundation and two floors of below-grade parking.
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https://sfyimby.com/2022/12/demoliti...francisco.html