A local developer has filed plans to build a 500-unit apartment complex in San Francisco’s South of Market.
Strada Investment Group, based in the Financial District, plans to construct a 16-story tower of 499,000 square feet at 555, 565, and 585 Bryant St., SFYimby reported. The $220-million project would include coworking lounges and onsite parking.
Construction is expected to start in November
Strada Investment has applied for permits to demolish three single-story commercial buildings containing auto body and speed shops.
The new SoMa complex would include 74 studio-, 228 one-bedroom-, and 198 two-bedroom apartments. Of the 500 units, 78 would be set aside as affordable. A three-level parking garage would serve 125 vehicles and more than 200 bicycles.
The mixed-use project will include a 20,600-square-foot industrial trade shop, plus eight two-story, townhome-style apartments along the sidewalk looking onto Welsh Street.
The white colored tower, designed by Chicago-based Solomon Cordwell Buenz, features an accordion-like facade, with zig-zagging metal panels interspersed with floor-to-ceiling bay windows. The base would include masonry and curtain-wall glass.
Two inner courtyards on its second floor would create a lightwell flooding onto green open space.
A rooftop terrace would include pocket gathering spaces and boardwalk pathways lined by native grass. Landscaping is designed by Plural Studio, based in the Mission District.
Strada Investment is now updating a separate $1.2-billion plan to redevelop two aging piers and a parking lot on San Francisco’s Embarcadero, with the fate of the project hanging on pending decisions by regulators.
[SFYimby] – Dana Bartholomew
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