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Wood Partners Adds San Francisco Housing Project To Bay Area Portfolio

Rendering of Wood Partners' housing project at 1301 16th St. in San Francisco

Wood Partners has closed its acquisition of 1301 16th St. in San Francisco, where it will build a 172-unit mixed-use building within the Potrero Hill district. Over 40% of the units in Alta Potrero Hill will consist of family-sized units of two bedrooms or more with an average size of 800 SF, and 29 units will be below market rate.

The seven-story building will include an 8K SF rooftop deck, parking for 65% of residents and bicycle parking for each unit. Alta Potrero Hill also will have about 6,700 SF of ground-floor retail and production, distribution and repair space for artisans and craftsmen. This is Wood Partners' second project in San Francisco and its sixth project in the Bay Area.