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Board approves sale of 1660/1680 Mission and 30 Van Ness to raise funds for new city office; debate on affordability and financing continues
Summary
The Board approved two purchase‑and‑sale agreements to sell 1660 & 1680 Mission Street and 30 Van Ness Avenue, generating funds for a proposed new city office building at 1500 Mission. The votes were 9–2. Supervisors debated whether the city should retain the properties and whether the deals deliver enough on affordable‑housing goals.
The San Francisco Board of Supervisors on March 21 approved two related property sales aimed at funding construction of a consolidated city office building at 1500 Mission Street. The board approved a $52 million purchase and sale agreement for city‑owned properties at 1660 and 1680 Mission Street (to Prosperity 2 LLC) and a $70 million purchase and sale agreement for 30 Van Ness Avenue (to Lendlease Development Inc.), with leaseback terms that would temporarily house city departments.
Supervisor Jane Kim, the sponsor for the 30 Van Ness item, said the deals strike a balance between generating revenue for a needed city office building and producing new on‑site and middle‑income housing without city up‑zoning. "With this deal, we have achieved Proposition C goals of 25% on‑site affordable and middle…
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