Three parcels of land in Hayes Valley along Octavia have officially been awarded to developers. Parcel T, which sits between Page and Rose streets, will go to Linden Partners. This is the partnership between DDG and DM Development that is responsible for 8 Octavia, 400 Grove and 450 Hayes. Parcels R and S have gone to Build, Inc., the developers behind Esprit Park and the Avalon Bay building currently rising on Hayes Valley's Parcel P where the Hayes Valley Farm once stood. These two parcels sit on Octavia between Oak and Page streets, and the announcement of the developer award means that the temporary Project Homeless Connect's community garden will shut down. The garden received eviction notices this week that require it to vacate by July 4.
Parcels R and S are 5,940 square feet combined with an market value estimated by the City of $1.64 million, while Parcel T has 5,502 square feet and a value of $1.65 million. Those values were both the minimum purchase prices set by the City for the land. The parcels are all part of the Market & Octavia plan developed after the destruction of the Central Freeway that once cut through the neighborhood. The plan calls for residential or mixed-use housing development on all three plots just awarded, which are among the last undeveloped sites remaining under the plan. 15% on-site affordable housing is required for both of the projects and parking limitations are in place. "The quality of development on Parcel T and our other Hayes Valley sites is central to the community's long-term vision for the neighborhood," says Joe McMillan, Chairman and CEO of DDG. "Our team has proposed a design and retail concept, with a ground floor that acts as a living room for the neighborhood, to really further these goals."
· Eviction Notices Served for Hayes Valley Community Garden [Hoodline]
· Previous Coverage of 8 Octavia [Curbed SF]