South San Francisco, CA June 21, 2022 by Allie Saults, ESC Correspondent
Recently the Planning Commission approved a 292-unit apartment building to be constructed near Highway 101 in South San Francisco. It will replace an industrial facility that is currently in place. The vote was unanimous with the Planning Commission and its next stop is the City Council to sign off.
The new 8-story building will encompass a 1.6-acre lot at 40 Airport Blvd., adjacent to the highway, the Caltrain tracks, La Quinta hotel and Denny’s restaurant. The lot was deemed industrial but has been designated residential. The developer will also add an additional $630,000 above the regular fees to help address necessary changes to Airport Blvd.
The building will feature:
- 300,000 square feet of structure that wraps around a courtyard at the center
- Multi-level parking lot with 308 parking spots
- 33,000 square feet of amenity space to include a coworking room, resident cafe and rooftop lounge
- Smaller units – studios and one-bedroom apartments ranging in price from $2,400 – $3,000
A total of:
- 57 studio apartments
- 32 one-bedroom apartments
- 122 two-bedroom apartments
- 59 three-bedroom apartments
- 22 four-bedroom apartments
Due to the smaller-sized units, the developer will have a decreased subsidy to produce affordable units that fall in line with the city’s inclusionary zoning requirements. (The city rules state that 10% of units available with rents affordable to residents earning 80% or less of the county median income)
This comes out to:
- Studio apartments being offered at or below $2,558
- One-bedroom apartments offered at $2,741
- Two-bedroom apartments offered at $3,290
5% of those units need to be even more affordable for residents that earn less than half of the median income.
Those rents would come out to:
- Studio – $1,598
- One Bedroom – $1,713
- Two Bedroom – $2,056
We have families that are sharing housing due to the high costs, would these ‘affordable’ units benefit them?
Parking is another issue brought up in the developments of this new construction. With urging from local officials, projects will offer less and less parking in order to encourage residents in the area to use public transit.
With this development, parking spaces will not be included and will come for an additional cost. Those who reside in subsidized units will have a free parking space.
Ryan McNamara, vice president of development for Blake Griggs, the Danville-based developer for the project said, “By unbundling and adding that cost of owning a car, it disincentivizes people to have a car if they don’t need one, it encourages them to take public transit,” he said, “It’s a trend that has been pushed for, for a long time, by the sustainable community.”
It should be noted that another residential project has been approved across the way – a 480-unit apartment development that will be replacing industrial buildings. Mayor Nagales has asked that future projects reduce parking in lieu of more affordable units.