Expected Delivery: Someday-ish
Note to the reader: This is planned as a rental building. It’s also enormous and we can’t not not write about it! – M.
Construction was slated to start in (roughly) 2020 for almost 1,000 residences at 10 South Van Ness at the intersection of Market and Van Ness Streets where the Civic Center, Hayes Valley, Mid-Market and South of Market neighborhoods meet. SF Planning calls it The Hub and they hope you and I will too!
The proposed building will stand around 400 feet tall and plans calls for around 35,000 square feet of retail space and about 12,000 square feet of public open space.
Home sizes at 10 South Van Ness have yet to be released. In addition, building amenities have not been released, but the building is expected to provide plenty of community amenities.
Developer: Crescent Heights | Builder: TBD | Architect: Handel Architects
A Honda dealership stands at the southwest corner of Market and South Van Ness. Someday, it will become 10 South Van Ness, home to around 1,000 homes. The site was acquired in 2014 by developer Crescent Heights (who was also the developer for nearby NEMA, another high-end rental building). The lot is bounded by South Van Ness, Market, and 12th Streets.
According to the developer, the homes will be rentals. The proposed plans call for two towers to rise from a podium base, rising about 400 feet tall (440′ with “roof details”) and creating nearly 1,000 homes, along with 35,000 square feet of retail space.
These residential towers will be located near many high-tech companies, such as Dolby Labs, Square, Yammer, Twitter, and Uber, to name just a few of the nearby companies with a significant footprint. Direct access to the Van Ness Muni light rail underground station will be available for residents.
Number of Homes
A construction schedule has not been released yet. Let’s say someday-ish, unless the economy and lending environment drastically change.
According to the developer, these will be rentals geared toward residents of varied income levels (which means some will be below-market-rate units and some will be market rate).
Unknown at this time. In this transit-rich environment, expect the city to approve far fewer parking spaces than units.
Amenities and Finishes
Unknown at this time. But given how awesome NEMA is, expect that there will be a lot of amenities with high-end finishes.
Below Market Rate (Inclusionary Housing) Homes
At this time, the developer hasn’t released details about BMR units.