626 Mission Bay Boulevard
August 13, 2015|
626 Mission Bay Boulevard North (formerly 1300 4th Street) provides 143 residential units, 10,000 square feet of neighborhood retail, including 826 Valencia’s first after-school space in Mission Bay, a restaurant, a 41 space above-ground parking structure, and associated amenity spaces. The design features a 5-story main building, 3-story town homes and a publicly accessible pedestrian pathway on the Western side of the site. The building includes 53 one-bedroom units, 47 two-bedroom units, and 43 three-bedroom units. Twenty percent of the units are set aside for formerly homeless families, earning 30% of Area Median Income (AMI) or below and the balance will be reserved for households at 50% AMI or below.
Population: Family; 27 (20%) units for homeless (LOSP)
Unit Mix: 143 1, 2 & 3-BR (for 405 occupants)
Completion Date: 2018
Contractor: Nibbi Brothers General Contractors
Construction Manager: Regent Construction Management
Financial Consultant: Community Economics, Inc.
Architect: Mithun, in association with Studio Vara
Financing Sources: San Francisco Office of Community Investment and Infrastructure, California Department of Housing and Community Development (Affordable Housing and Sustainable Communities Program loan and grant), 4% Tax Credit Equity through the California Tax Credit Allocation Committee (Wells Fargo as Equity Investor), Tax Exempt Bonds through the California Debt Limit Allocation Committee (Wells Fargo as construction lender), California Community Reinvestment Corporation, Federal Home Loan Bank of San Francisco Affordable Housing Program
Our Role: Developer, Owner, and Property Manager; Partnering with 826 for Out-of-School-Time Programming
Location: 626 Mission Bay Boulevard, San Francisco
Previously known as the 1300 4th Street project.