By Jon Peterson
San Francisco-based Align Real Estate is looking to deliver an oversized project that was originally proposed for the residential development at 620 Folsom Street in the South of Market neighborhood of San Francisco, according to project documents filed with the City. The initial preliminary plans for this development site were done by Ground Matrix and called for 623 residential units. The new plans by Align call for a total of 826 units in the project.
Align did not respond to an email seeking comment for this story.
The proposed new development will also have an affordability component and provide 16 percent of the homes, or 135 units, to people with lesser means. All of the homes in the project will be for rent, and they will include 118 studios, 118 one-bedrooms, 472 two-bedrooms and 118 three-bedrooms.
620 Folsom has an existing, three-story office property on the 0.4-acre site that would need to be demolished to make room for the new project. The planning application by the property owner has indicated that the estimated construction would last roughly 36 months from the groundbreaking to completion, although, no timetable has been provided for the project’s construction kick-off. The potential cost of the project is estimated to be around $250 million, however, this figure is not inclusive of all development costs.
The plans for 620 Folsom call for a structure that would be 62 stories tall, and the architect on the development is Florida-based Arquitectonica. The firm provided a statement as part of its entitlement application stating: “Hovering above SOMA like a subtle glowing lantern, the building’s cubic form reflects a design that is both unique and expressive of its time, but also complementary to its historic Bay context.”
A unique aspect of the planned project will be located on the building’s 54th floor. The architects are planning to design a communal amenity deck wrapped with a 29-foot curtain wall skin. The amenity space will feature a fitness center, lounges and a number of shared workrooms. Above that, seven floors and the mechanical overrun will be wrapped with white panels to provide a distinctive expression for the structure.
The 640-foot-tall residential building will have a total of 696,200 square feet. Much of this space will be set aside for the planned housing component. There will also be 5,740 square feet of common open space, while 87,750 square feet will be allocated for the 133-car garage on five below-grade floors. There will be additional parking for 324 bicycles.
The proposed development will offer many transportation options for residents living in the new project. The Transbay Transit Center is a five-minute walk away, and the Montgomery Street BART Station is under 10 minutes away. Also, the Caltrain station is accessible one mile south of the development.