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Years ago Oyster Development reached an agreement with the City of San Francisco to meet the affordable housing requirement at Vida, the firm's residential development at 2558 Mission St. Instead of reserving a set number of units for affordable housing at Vida, Oyster transferred ownership of an industrial property at 1296 Shotwell St to the city. The affordable homes have still not been built, however, and will likely not be ready until 2018 or 2019, according to SocketSite.
While Vida opened in 2014, the fate of the parcel deeded to the city is still under discussion. The planning commission is considering a plan by Herman Coliver Locus Architecture for a nine-story project with 96 below-market rate units for seniors and 20 units for the formerly homeless.
The city wrote in a Preliminary Project Assessment the parcel needs to be rezoned for height. The proposed building would stand 85 feet tall while the area has a maximum height of 65 feet. A legislative amendment is required to increase the height limit, the city found.
The report recommended the plan “take into consideration the future streetscape and pedestrian improvements that will occur north of this project.” [SS]
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