1600 Market Street
San Francisco, CA
In 2008, Brian originally secured entitlements for an 85 foot, 24-unit market rate building with a concrete and curtain wall design on the 5,200 square foot corner lot. In 2010 due to the housing market slump and the difficult economics of building a concrete and curtain wall design on a small footprint – the plans were revised to acquire new entitlements for a 5- story, 24-unit, 60 ft. wood frame over a concrete ground podium structure. The entitlements also included 3,600 sq. ft. of ground floor retail space. In December of 2010 planning approvals were granted for 1600 Market Street to provide the 23 units of off-site BMR units to satisfy the inclusionary housing requirements for the 1998 Market Street project. Combining the 1998 and 1600 Market Street projects significantly improved the underlying financials for the developments. Construction commenced in August 2012.
1600 Market was successfully constructed on time to provide the BMR requirements for the larger market rate Linea Development. All units were sold in 2014. Brian still holds the ground floor retail space.