The City of San Francisco has acquired a 0.27-acre mixed-use development site on two parcels from Sheet Metal Workers Local 104 Union Hall for $12 million.
The city plans to develop new affordable housing on the site that, upon completion, will be transformed into a mixed-use development with expansive ground-floor activation opportunities. Sheet Metal Workers also agreed to lease back the property for 24 months.
Located at 1939 Market St. at Duboce Avenue, the site currently consists of a surface parking lot and a two-story office building (union hall) that would be demolished to develop the new housing project. According to the Mayor's Office, the planned project would provide 100 percent permanently affordable housing and would likely serve low-income seniors.
The city is acquiring the property with funds from the Educational Revenue Augmentation Fund (ERAF) and would draw from the $600 million Affordable Housing Bond passed in November to finance the constru
