September 26, 2023
Main Housing Improvement Might Hit This SF Neighborhood


A brand new nine-story condo constructing could also be destined for San Francisco’s Nob Hill neighborhood, in keeping with metropolis planning paperwork.

The 104-homes undertaking at 1462 Pine St. could possibly be constructed on an current two-story workplace constructing, which might be demolished as a part of the event. The overall lot dimension is 13,750 sq. ft.

Residence sizes would fluctuate, with the undertaking containing 18 studios, 41 one-bedroom houses and 45 two-bedroom residences.

Of the 104 houses, 81 can be market-rate and 23 can be listed as reasonably priced.

Plans say that of the below-market-rate models, 13 would have rents pegged for households making 55% of the neighborhood’s Space Median Revenue, 5 can be for these making 80% of the AMI, and one other 5 can be for these making 110%.

Nob Hill is an prosperous space with an Space Median Revenue of $151,100.

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Main Housing Improvement Might Hit This SF Neighborhood

Atlas Property Group plans to demolish an workplace constructing to construct 104 houses in Nob Hill. | Courtesy Google Maps

Plans say the constructing would come with a 6,273-square-foot rooftop deck, a 1,746 square-foot rear yard and an underground parking for 30 automobiles and 103 bicycles.

The undertaking can be one block east of Van Ness Avenue, a significant transit thoroughfare, and one mile from Powell Avenue BART Station.

Developer Atlas Property Group didn’t instantly reply to requests for remark.