4840 Mission, also known as 4950 Mission St. or 1951 Alemany Blvd. is a proposed development of 428 new homes, of which 175 will be designated as affordable, in the Excelsior neighborhood of San Francisco.
The developer has proposed giving neighborhood preference to Excelsior and District 11 residents for some of the new on-site affordable homes. 41% of the 428 new homes will be affordable housing, which is a substantially higher percentage than most of the new mixed-income residential projects throughout the city thanks to a unique collaboration between BRIDGE Housing, a pension fund, and local developer the Emerald Fund.
Home sizes at 4840 Mission are unknown at this time but 47% of the homes will contain two or more bedrooms. Building amenities are expected to include ground floor retail, a proposed grocery store, and enhancements to the street level environment, but plans continue to evolve based on community feedback.
Developer: Bridge Housing| Builder: – | Architect: Van Meter Williams Pollack
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 Blvd.
Plans along Mission Street call for over 8,000 square feet of commercial space as well as a 53,000 square foot grocery store, 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.
Number of Homes
No information at this time
A parking garage will provide spaces for residents and commercial tenants, and a large amount of bicycle parking is also planned.
Amenities and Finishes
Courtyard and community room for residents, no other amenities or finishes announced at this time.
Below Market Rate (Inclusionary Housing) Homes
As we understand the development, 47% (about 175 homes) will be designated as affordable.
We do not represent the developer of 4840 Mission. We are not aware of what sales team represents the developer exclusively. We provide buyers with independent representation across the city of San Francisco.