A $30 million mixed-use project near Ocean Beach that has been a decade in the making is finally ready to move ahead. A five-story building will rise along Sloat Boulevard between 46th and 47th avenues, replacing Aqua Surf Shop, John's Ocean Beach Cafe, and the rather shabby Roberts at the Beach Motel, reports the Examiner. The new building will include 56 condos (7 of which will be below market rate), approximately 23,000 square feet of non-formula retail space, and 112 parking spaces underground for both the condos and the shops. The condos will be a mix of one-, two-, and three-bedroom units.
The project was delayed by the financial crisis of 2008 and a subsequent brush with foreclosure for the developers, but is now ready to go, with final approvals given by Planning this week. Construction is set to kick off in September. All of the businesses that were previously on-site have been shuttered, with Aqua Surf Shop moving over to Judah and the motel and restaurant closing down permanently. The new building is a big move for the city's beachfront neighborhood, which now has relatively little retail and has never been a hotspot for new development.
· Massive mixed-use development near Ocean Beach back on track [SF Examiner]