Project will create new seismically enhanced fire station and include market-rate housing that will fund the creation of over 50 units of affordable housing
San Francisco, CA – (RealEstateRama) — Mayor London N. Breed and Supervisor Aaron Peskin today announced a public-private housing development opportunity in the Jackson Square neighborhood. The City will be offering developers the opportunity to build market-rate housing above a renewed and seismically enhanced Fire Station 13, located at 530 Sansome Street. The affordable housing fees generated by the project will fund the development of over 50 units of affordable housing at 772 Pacific Avenue in Chinatown, and preserve the New Asia Restaurant.
“Our lack of housing is hurting our residents and our city, and we need to build new homes wherever we can, including on public land,” said Mayor Breed. “This innovative plan will create a newly renovated fire station, build new homes for people to live in our city, and provide funding for over 50 units of affordable housing to help our most vulnerable residents. Addressing our housing crisis requires creative solutions, and we will keep looking for opportunities like this one to build more housing here in San Francisco, especially as we move forward with our bond to renovate fire stations, police stations, and other infrastructure throughout our city.”
The development comes as a result of a resolution introduced by Supervisor Peskin urging the City’s Real Estate Division to issue a request for development proposals for 530 Sansome Street, which was unanimously passed by the Board of Supervisors.
“I proposed housing for this site 15 years ago, in an effort to maximize the public benefits of our public parcels,” said Supervisor Peskin. “When I came back into office, we were not only facing a housing crisis but a loss of our iconic legacy businesses, and I realized that we needed creative solutions. We’ve finally landed on a proposal that brings housing to the transit-rich downtown job center, rebuilds one of the busiest fire stations in the City and funds an affordable housing and legacy business rehab in the heart of Chinatown. I’m really quite thrilled to see this finally move forward after so many years.”
A legislative mandate encouraging such a market-rate development allows in-lieu housing fees and any other revenues that the project generates to fund the creation of affordable housing. Preliminary studies indicate the 8,936-square-foot site has the potential to be redeveloped into a 19-story building, providing over 170,000 square feet of density over an existing three-level basement. The Fire Department will require an estimated 22,000 square feet for a new fire station, above which approximately 99,000 saleable square feet of market-rate residential housing can be built.
“This is an effective and innovative use of a public asset to generate capital investment in our aging infrastructure,” said City Administrator Naomi M. Kelly, who chairs the Capital Planning Committee and manages the Real Estate Division. “I am hopeful that this can be a model for better utilizing public property to meet the City’s affordable housing goals.”
Public Works and the Fire Department worked together to create clear specifications for the new Fire Station 13 to meet San Francisco’s strong standards for resiliency. An interim plan has been created by the Fire Department to temporarily move operations from 530 Sansome during construction that ensures full service to the downtown area.
There will be a robust review of proposals and the Fire Commission will recommend the most responsive developer and plan. The Board of Supervisors and Mayor Breed will be required to approve the developer selection, with development details and construction subject to the normal entitlement process