2901 16th Street, image via Google Satellite
BY: ANDREW NELSON 5:30 AM ON MAY 28, 2024
Preliminary plans have been filed for the conversion of an existing apartment complex at 2901-2929 16th Street in San Francisco’s Mission District to be converted into affordable housing. The application comes as local nonprofit Mission Economic Development Agency is in the process of acquiring the site.
In the project application, MEDA writes that the organization hopes to purchase the site “with the purpose of developing 100% affordable housing, aligning with the guidelines outlined in the MOHCD Affordable Housing Guide. The acquisition of this building will be financially supported through a permanent arrangement with the city.”
The Planning Department states the four-story structure contains 73 dwelling units and 152 rooms. The General Plan Referral application estimates that redevelopment will result in 62 dwelling units catered to a range of income levels, from households earning between 30% and 60% all the way up to 100% of the Area’s Median Income. One market-rate unit will be added for an on-site manager.
2901 16th Street, image via Google Street View circa 2019 while construction was underway for Avanza 490
The complex is located at the corner of 16th Street and South Van Ness Avenue, just one block from the 16th Street BART Station and two blocks from the restaurant-lined Valencia Street. Across the street is Avanza 490, a 2021-opened affordable housing complex designed by Ankrom Moisan Architects and developed by BRIDGE Housing and the Mission Housing Development Corporation.
Landmark Realty is listed as the property owner operating through 16th/Taylor Apts LLC. According to the project website, Landmark is currently offering studios and one-bedrooms renting for $2,625 to $2,850 per month on the site, dubbed Sonoma Suites Apartment Homes.
City records show the 0.34-acre property was built in 1914. The estimated cost and timeline for the transition to affordable housing are not specified. The project team has yet to reply to a request for comment from YIMBY.
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