Formerly a Honda dealership on the southwest corner of Market and South Van Ness, 10 South Van Ness was acquired in 2014  by developer Crescent Heights (who was also the developer for nearby NEMA, a recently built 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
980

Construction Schedule
A construction schedule has not been released yet. Let’s say 2020ish, unless the economy and lending environment drastically change.

Pricing
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).

Parking
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.

Listing Agent

Rentals!