The draft plans the redevelopment of the southern third of the Temporary Site of the Closed Terminal, a block of nearly 43,000 square feet bounded by a future extension of Clementina Street to the north, Main Street to the east, Folsom Street to the south and Beale Street to the west, were drafted by Mercy Housing and the community of Chinatown Development Center who obtained the rights to the project.
The proposed approach includes the development of two 9-story buildings, a 101-unit building on the eastern half of the site for low-income and formerly homeless families with household incomes between 20 and 80 percent of the middle area and a 153- unit building on the western half of the site for seniors making between 25 and 80 percent of the area’s median income (MAI), with a 6,000-square-foot daycare, approximately 6,000 square feet of commercial space on the ground floor, a mid-block walk and open spaces between the two buildings and no off-street parking for cars.
Conceptual design for both buildings will be detailed and refined by Kennerly Architecture and Planning and Mithun | Solomon over the next two quarters and is expected to be ready for approval by the end of the year, with applications for permits and funding due next year (2022) and construction is now expected to begin at the ” end of 2023 “and to be completed in” end of 2025.
And yes, a potential height increase proposed for the family building to rise on the eastern half of the site, which is already cleared to rise up to 165 feet in height, up from 85 feet as proposed, remains in place. game, with an assessment of whether the proposed development “fully maximizes or not[es] the potential of housing units ”on the site to be made and a potential adjustment, which could“ significantly ”modify the number of units proposed, will follow.
From the Office of Community Investment and Infrastructure (OCII):
“A height of 85 feet may be less difficult to finance given the lower demand for tax-exempt bonds. would likely result in a lower unit cost. As a condition of the pre-development loan, Mercy will further analyze development scenarios with heights of 165 ‘and 240’.
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