South San Francisco, Ca December 13, 2021
The South San Francisco City Council have approved a new 480 unit housing development to replace office and warehousing which is expected to bring in 2.5 million yearly, plus the $11.7 million in impact fees, a substantial increase in what taxes are currently paid. This development includes a 7-story residential building with 294 apartments on a 2.56 acre site at 124 Airport Boulevard and a 7-story residential building with 186 apartments on a 1.56-acre site at 100 Produce Avenue.The development will also include 560 spaces.
The development will feature 15% below market rate units which would translate to approximately $2,900 for a family of two who might qualify. The development will also include 560 parking spaces.
The Hanover Company (Contact: Scott Youdall)
Phone: (925) 490-2990
Address: 156 Diablo Rd., Suite 220: Danville, CA 94526