AvalonBay JV to develop $600m S.F. residential project

A development team comprising AvalonBay Communities, Bridge Housing, Mission Housing, Pacific Union Development Co. and Habitat for Humanity has been selected to build a $600 million residential project in San Francisco by the city’s Planning Department, the Public Utilities Commission, and the Mayor's Office of Economic and Workforce Development.

The 17.7-acre parcel is currently used as a parking lot by City College of San Francisco. The property is surrounded by three residential neighborhoods — Westwood Park, Ingleside and Sunnyside — and is within walking distance of the Balboa Park BART Station.

The $600 million housing project will consist of approximately 1,100 residential units on San Francisco’s Balboa Reservoir. It will have 1,260 parking spots, including a 500-space garage to be shared with the City College. The 2.2-acre central green space will be called Reservoir Park.