The Excelsior has been one of SF’s hottest neighborhoods this year, and it’s a neighborhood that is almost entirely single family homes. Recent news has highlighted the possibility that a funeral home and its parking lot will be transformed into affordable (BMR) rentals built by Bridge Development.
4840 Mission Development Details
Area: MLS Subdistrict 10c/Excelsior
Street Address(es): 1931 Alemany & 4840 Mission Streets
Year Built: —
Number of homes: 134 (113 rental flats, 20 market rate town homes, 1 manager’s unit)
Parking Type: The town homes will have private parking, but there is no parking garage for the Mission facing homes.
Developer: Bridge Housing
Architect: Van Meter Williams Pollack
Bridge Housing has filed a preliminary application to build 113 affordable units and a manager’s unit at 4840 Mission St. in the Excelsior, along with 20 market-rate town homes facing Alemany Boulevard. The developer will use the density bonus program to seek approval for six stories of development with no parking for the main building.
Currently a large surface parking lot and funeral home, the proposed development will create a parcel that fronts Mission and has ground-level active use spaces and a second parcel that fronts Alemany and provides access to 20 market rate town homes with private drives and parking.
Plans along Mission Street call for over 8,000 square feet of commercial space, adding lots of active use spaces to the street. Bridge housing plans also call for community space for residents off of the main lobby and a private residential courtyard.
While there are currently no plans to demolish and re-develop the Safeway immediately to the south of the development site, it could someday happen and Bridge Housing plans take this possibility into account.
Market rate town-homes that front Alemany will have parking for cars. There will be no car garage in the Mission St. building.
Amenities and Finishes
Courtyard and community room for residents, no other amenities or finishes announced at this time.
Below-Market Rate Homes
As we understand the development, all homes except the town homes will be below-market rate rentals, with a target rent equal to 60% of bay area median income. The town homes will be market-rate rentals.