291 1st St. aka 400 Folsom St.
A sleek glass Rem Koolhaas tower that soars 55 stories above San Francisco and an adjacent mid-rise building offer 531 homes in total. The upper floors will feature 116 luxury view condominiums while lower floors will offer 280 luxury apartments and 135 affordable/inclusionary housing apartments.
Quick Facts About 291 Folsom:
- Expected in 2020
- About 550- 110 condos, 280 market rate apartments, 150 BMR apartments
- 3 levels of Below-ground garage
- Allowed per CC&Rs
- Amenity level on 33rd floor of tower
- Related California partnered with Tenderloin Neighborhood Development
- Tower: Rem Koolhaas & OMA, Podium: Fougeron Architecture
291 1st St., aka 400 Folsom St., aka Transbay Block 8
SFAR MLS Subdistrict: South Beach – 9H
Overview of 291 1st St.
Located on Folsom St. between 1st and Fremont, the site will be home to a 55-story tower designed by starchitect Rem Koolhaas, as well as a mid-rise eight-story podium building designed by Fougeron with townhomes along Clementina. In total, the site will contain about 550 new homes as well as a below-ground parking garage and ground-level retail.
The upper floors of the Rem Koolhaas designed tower will feature about 118 luxury view condominiums while the lower floors and podium building will offer 280 market-rate luxury apartments and 150 affordable rentals. The ground floor will feature 20,000 square feet of neighborhood serving retail space organized around an open “public paseo” that creates street-level pedestrian traffic through the block.
Related California has partnered with the Tenderloin Neighborhood Development Corporation to develop the affordable housing portion of the site.
291 1st St. Construction Schedule
Construction began in 2016 with completion anticipated in 2019 – 2020.
Pricing for 291 1st St.
Unannounced at this time. Pricing is typically the very last item that a developer decides upon, so we don’t expect to have this information until the sales office opens.
Plans call for an underground parking garage. We don’t yet have details on how many total parking spots are being created and how they will be allocated.
Amenities and Finishes
The 33rd floor of the tower is designated as an amenity level. Additional details are unannounced at this time. As this information becomes available we will update this area.
Below Market Rate (Inclusionary Housing) Homes
The condo homes will be market rate. 150 of the rental apartments will be “affordable” housing available to Bay Area residents making up to 50% of the Bay Area median income.
Unknown at this time.