703 Third St. – Mixed-Use Project
Address: 703-723 Third St.; 898 Lincoln Ave.
APN’s: 011-278-01 and -02
Project No.: UP18-008, ED18-018, LLA18-001
Applicant: Rick Williams; Van Meter Williams Pollack LLP
333 Bryant St., Suite 300
San Francisco, CA 94107
Project Planner: Steve Stafford
The City has received an application proposing to redevelop and consolidate two contiguous Downtown parcels, currently developed with existing one- and two-story commercial buildings and associated surface parking. The project proposes to construct a 6-story, 73’-tall, mixed-use building with 120 rental units or apartments above a 969 sq. ft. commercial space and 121 garage parking spaces, including 112 mechanical parking lifts.
The proposed configuration of the new residential apartments includes:
- 33, Studio units; 342-539 sq. ft. in size
- 44, 1-bedroom units; 525-795 sq. ft. in size
- 43, 2-bedroom units; 520-1,068 sq. ft. in size
The project proposes 9 affordable or ‘below-market-rate’ units (5 at the ‘very low-income’ household levels and 4 at the ‘low income’ household levels, which represents 20% of the maximum base density (45 units) allowed on the project site. By meeting the affordable housing requirement, the project is automatically granted a State Density Bonus of an additional 16 ‘market-rate’ units. The project requests; 1) An additional State Density Bonus of an additional 59 ‘market-rate’ units; 2) A height bonus of an additional 7’, from 66’ to 73’, under the State Density Bonus law; 3) Reduced parking rates under the State Density Bonus law; and 4) A waiver of the required 5’ front setback along Third St., under the State Density Bonus law. The project proposes to demolish the existing commercial buildings on the sites.
On March 22, 2018, formal applications were submitted to the City for the proposed new development. On February 26, 2019, the Planning Commission provided initial review and feedback on specific topic areas associated with the project, as requested by staff, including: 1) land use; 2) density; 3) height; 4) front setback; 5) bulk/mass; 6) stacked parking; and 7) environmental findings. Staff sought only direction from the Commission. No action (approval or denial) was requested or taken at this hearing. Comments provided by the Commission will be used as guide to modify the project, as necessary.