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OCII authorizes Transbay Block 9 land deal and approves schematic design for 545‑unit mixed‑income tower
Summary
The Commission authorized the executive director to exercise an option to purchase Transbay Block 9 and conditionally approved schematic designs for a 400‑foot residential tower with 545 units, including 109 below‑market units (20%); the project includes an underground garage and retail and moves to Board of Supervisors in February.
The Commission on Community Investment and Infrastructure on Dec. 16 authorized staff to exercise the option to purchase Transbay Block 9 and conditionally approved the schematic designs for a mixed‑income residential project on the northwest corner of Folsom and First streets.
Courtney Pash, acting Transbay project manager, described a development program that includes a 400‑foot residential tower, an 85‑foot podium, ground‑floor retail and townhomes on Clementina. The project totals 545 units—436 market‑rate and 109 below‑market rental units restricted to households earning up to 50 percent of area median income—distributed evenly through the lower…
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