Currently a Honda dealership/service center on the SW corner of Market and S. Van Ness Ave., 10 Van Ness was acquired by developer Crescent Heights (who was also the developer for NEMA, a nearby and recently built rental building) . According to the developer, the homes will be rentals. The proposed towers for 10 Van Ness are expected to stand about 400 feet tall and provide about 650 homes, along with 35,000 square feet of retail space.
Address: 10 South Van Ness Avenue
SFAR MLS Subdistrict: South of Market
Currently a Honda dealership on the SW corner of Market and S. Van Ness Ave. 10 S. Van Ness was acquired in 2014 by developer Crescent Heights (who was also the developer for nearby NEMA, a recently built rental building.) The lot is bounded by S. Van Ness, Market, and 12th Streets.
According to the developer, the homes will be rentals. The proposed plans call for two towers to rise from a podium base, rising about 400 feet tall (440′ with “roof details”) and creating about 650 homes, along with 35,000 square feet of retail space. These residential towers will be located near many high-tech companies, such as Dolby Labs, Square, Yammer, Twitter and Uber to name just a few of the nearby companies with a significant footprint. Direct access to the Van Ness muni light rail underground station will be available for residents.
A construction schedule has not been released yet. Let’s say 2020ish, unless the economy and lending environment drastically change.
According to the developer, these will be rentals. Expect market-rate rents, which as of 2017 would put a 1-bedroom around $3,500/month. We’ve asked the crystal ball for 2020 rent projections, but it’s oddly silent.
Unknown at this time. But given how awesome NEMA is, expect that there will be a lot of amenities with high-end finishes.
At this time, the developer has not announced plans for BMR homes on-site.
Rentals! Unknown at this time, and it won’t be us. We don’t represent developers in new construction but provide independent representation at new and modern homes throughout San Francisco.