San Francisco planning commission approves mixed-use project

A joint venture among DM Development, Urban Land Development and Urban Land Capital has announced the San Francisco Planning Commission’s approval of 321 Florida, a residential and retail arts project at Florida and 16th streets in the Mission District.

“We are thrilled to have received a unanimous approval at the San Francisco Planning Commission for 321 Florida, and to be moving forward with this exciting mixed-use development,” said Mark MacDonald, CEO of DM Development. “We’re also pleased to be making a significant contribution to build a 100 percent affordable housing project on Folsom Street in the Mission neighborhood.”

Located in San Francisco’s “Media Gulch” area of the Mission District, the ground-up development of 321 Florida St. will replace an underutilized parking lot with a 157,341-square-foot multifamily apartment building comprising 168 apartment units. As such, 145 of the units will be market rate and 23 below market rate — 14 of