Today the Mayor’s Office of Housing will step in for the now-defunct Redevelopment Agency to exercise purchase of 1180 4th Street (in the Mission Bay South Redevelopment Project Area). The spot will be leased to affordable housing partnership Mercy Housing for a term of 75 years for the development and operation of affordable housing. The project will be designed by Daniel Solomon Design Partners. It will be new construction of 150 1-, 2-, and 3-bedroom units for families with incomes below the 60% median average, with 25 units reserved for previously homeless families. According to the designer’s website, it’ll also feature “11,000 sq. ft. of retail space lining Fourth Street, anchored by a corner restaurant space, and a community building facing Channel Park to serve the greater neighborhood. Common areas include two mid-block courtyards and a rooftop garden; a teen room, exercise room, day care and supportive services. The building is designed to exceed a LEED® for Homes Midrise Gold rating”."
· Real Property Acquisition Ground Lease Agreement - 1180 4th Street [SF Gov]
· 1180 Fourth Street [Daniel Solomon Design Partners Inc.]
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