JS Sullivan Submits Development Plans For Tenderloin Mixed-Use Community
The developer intends to utilize the State Density Bonus program, which allows developers to build up to 50% higher density than zoning usually permits and offers waivers, concessions and incentives in return for building affordable housing. JS Sullivan’s project is seeking a 32% density bonus by providing 18% of the units for tenants with income at 80% of the area median income.
RG-Architecture provided designs for the project, which is being built on a surface parking lot at 530 Turk St. JS Sullivan expects the project’s construction to cost $16M, according to the permit filing.
Of the 100 units proposed, 24 are dedicated to affordable housing, with the remaining 76 targeting market-rate income tenants. Twenty units will be studios, 70 will be one-bedrooms and 10 two-bedrooms. The 89K SF project will include 700 SF dedicated to retail or commercial space. It will offer space for 104 bicycles and 25 cars in a 4.5K SF garage.
SFYimby first reported on the initial filing of the project in January.