The first phase of the development is expected to be completed in early 2022 and will include market-rate and supportive housing units.
Ninety-six supportive housing units will be coming to San Francisco through a mixed-use project from Strada Investment Group. Construction company Suffolk was tapped by the developer and has broken ground on the project, 1629 Market St., in San Francisco’s Mid-Market neighborhood.
Strada also tapped BDE Architecture and Form 4 Architecture to design the mixed-use project that will be completed in phases. The first phase of the project is expected to be completed in early 2022 and will include market-rate units and the 96 supportive housing units. According to the project team, there are three more construction phases with estimated completions in summer 2022, fall 2022 and winter 2024.
Located at the corner of Brady and Market Streets, the 600,000-square-foot project will be spread across three nine-story residential buildings that total 444 units split between studio, one- and two-bedroom floorplans. The property will have a total of 15,000 square feet of amenity space including a gym, rooftop terrace, music room and shared below-grade parking garage. The development will also include 23,400 square feet of privately-owned public open space and seven ground-floor retail spaces totaling 9,000 square feet.
In the first phase of the project, Strada is co-developing a five-story residential building with non-profit Community Housing Partnership that will be for formerly homeless individuals.
Also included in the first phase, the developer is working with the local union in demolishing the existing Local 38 Pipefitters Union Hall and building a new 30,000-square-foot replacement hall on site.
SUFFOLK SHIFTS TOWARDS AFFORDABLE
Mike DiNapoli, general manager of Suffolk NorCal, told Multi-Housing News that the company is also working on 78 Haight, a 63-unit affordable housing development in San Francisco’s Tenderloin neighborhood, and 600 Seventh St., an affordable housing project with Mercy Housing. Suffolk has also completed 200 Linden, a 97-unit condominium project in San Francisco where 20 percent of the units were below market rate.
“Suffolk is focused on affordable housing as we believe it is critical to address the Bay Area’s housing crisis,” DiNapoli told MHN. “We are proud to be working collaboratively with developers and using sophisticated technologies and processes to efficiently bring more high-quality affordable housing units to the market.”
Outside the affordable housing sector, Suffolk has also continued building in the luxury residential sector. In July, the construction company topped out a 630-unit multifamily community in San Jose, Calif. and completed a 300-unit luxury community in San Diego that saw its first residents in November.
