555 Fulton St. in Hayes Valley
The proposed development at 555 Fulton St. will replace the two-story commercial/industrial building that measures that measures approximately 19,620 square feet on a rectangular lot that is just shy of 45,000 square feet. It will be replaced with a new five-story, mixed-use building with about 139 homes, 29,000 square feet of ground floor commercial use (a grocery store), and 148 off-street parking spaces.
The project, as approved by SF planning in October 2013, creates a generous public plaza near the Laguna Street entry to the grocery store which serves as an extension of the public realm. The streetscape along the entire project frontage would receive substantial enhancements in accordance with the Better Streets Plan – these enhancements include street trees, extensive landscaping, continuous permeable paver strips along, textured paving and planting pockets along Birch Street, and a bulb-out at the corner of Laguna and Fulton Streets.
- Studio homes: 21 homes
- One-bedroom homes: 51 homes
- Two-bedroom homes: 64 homes
- Three-bedroom homes: 3 homes
555 Fulton St. Construction Schedule:
Currently not determined. The project has received approval from the planning commission, but the Board of Supervisors has yet to approve the 555 Fulton development as of the writing of this post (October, 2013).
Pricing for 555 Fulton St.:
Pricing is one of the last variables determined, and it will not be announced for some time. Nearby new developments have been selling in the $1,000/square foot range.
555 Fulton St. Parking:
The building will have 148 off-street parking spaces. Of these spaces, 77 will be for the commercial tenant, 68 will be for the residents, and 3 will be car-share spaces. No word on if they are “old-fashioned” parking spots or utilize mechanical stackers.
Amenities and Finishes for 555 Fulton St.:
Currently not known.
Below Market Rate (Inclusionary Housing) Homes:
12% on-site, which translates to about 16 homes. The unit mix and location has to be approved by the Mayor’s office of housing, and will most likely approximate the ratio of 1 bedroom, 2 bedroom, and 3 bedroom homes.
Listing Agent: Unknown at this time.