Plans to level the 41-foot-tall San Francisco Tennis Club at 645 5th Street and build up to 243 feet in height upon its 2.6-acre Central SoMa site could be approved by San Francisco’s Planning Commission in two weeks time.
In addition to over 840,000 square feet of new office space to be developed in two phases, with the westernmost building first, the proposed “88 Bluxome” Street development would yield over 16,000 square feet of retail/restaurant space and 8,000 square feet of space dedicated to production distribution and repair (PDR), with a basement garage for 163 cars and 318 bikes, a nearly 30,000-square-foot community/recreational center to be dedicated to the City’s Recreation and Parks Department, a 4,600-square-foot child care center, and an all-new private tennis club with (12) tennis courts hidden underground.
If approved, the development team of Alexandra Real Estate Equities and TMG would also dedicate the air-space above the mid-block community center to the Mayor’s Office of Housing for the City’s future development of an inclusionary housing project with up to 118 below market rate units and construct a 13,000 square foot public park along Bluxome Street (the “Bluxome Linear Park”).
Prior to breaking ground, the project team has committed to securing a site for a temporary indoor tennis club to be located for three to five years during the construction period of the project. And while the site for the interim club has yet to be revealed, according to the project team, it’s to be located in “the northeastern area of San Francisco,” somewhere south of Lombard, north of Cesar Chavez and east of Divisadero /Castro, with enough room for up to 15 tennis courts, 30,000 square feet of ancillary space and up to 60 off-street parking spaces.
Rather than build in two phases, an approach which was being driven by the limited pool of office space development rights available for allocation in the San Francisco, the project team has since refined the floor plans of the proposed development to reduce its office square footage from 840,000 to 775,000 square feet and for which the team is now seeking a full allocation and approvals to develop in a single phase, a request which San Francisco’s Planning Commission is slated to approve on July 25.
Keep in mind that 490,000 square feet of the project’s proposed office space has already been pre-leased to Pinterest. And of course, the development is dependent upon San Francisco’s Central SoMa Plan surviving a couple of legal challenges.
Source: SocketSite™
Jane Wachiradejkul
Call (415)987-4829
Email [email protected]