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Board authorizes 75-year ground leases for 151-unit Transbay Block 2 West senior housing
Summary
The Board of Supervisors approved a resolution authorizing the Office of Community Investment and Infrastructure to execute 75-year ground leases to enable construction of Transbay Block 2 West, a 151-unit affordable senior housing project at 200 Folsom Street.
The Board of Supervisors on Feb. 13 adopted a resolution authorizing the Office of Community Investment and Infrastructure (OCII) to execute separate 75-year ground leases for the residential and commercial parcels that will enable construction of Transbay Block 2 West, a 151-unit senior affordable housing development at 200 Folsom Street.
Supervisor Shamann Dorsey introduced the item and described the project as a nine-story, 151-unit building developed by Chinatown Community Development Center (CCDC) that will serve seniors including formerly homeless seniors. "Transbay Block 2 West will be a 9 story, 151 unit affordable senior…
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