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Will This New Rental Building in the Mission Face Scrutiny?

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The wave of gentrification continues in the Mission. Vara, a 202-unit apartment complex with 40 below market rate units, readies to hit the market. The location at the corner of 15th and Mission streets is close to BART and several Muni lines, as well as the very popular Valencia Street. The studio, 1-, 2-, and 3-bedroom units will feature gourmet kitchens, in-unit washer/dryers, free Wi-Fi and walk-in closets. Building amenities include on-site carsharing, fitness center, and a clubhouse. Cats and dogs are also welcome, although breed restrictions apply. The units will start at $2675 for a studio, and up to $4830 for a 3 bedroom. Expect them to be ready for occupancy before summer. Readers, will this new new rental building face opposition similar to 299 Valencia, or will locals accept it as the new Mission norm? -Michael Conrad
· Vara [vara-sf.com]
· 299 Valencia 90% Sold Out: It Must Be The Ecomony [Curbed SF]
· Vara [ForRent.com]

299 Valencia

299 Valencia Street, San Francisco, CA