In exciting news for aspiring homeowners, a 2.6-acre site at San Francisco’s 88 Bluxome Street is set to be developed into two residential buildings. With a total of 1,500 units, the latest project will be introducing more affordable housing options for residents in Central SoMa as well.
Highlights
- Two new residential towers with 58 floors and 51 floors will be built at 88 Bluxome in Central SoMa.
- The new San Francisco residential development will be replacing a longtime tennis club.
- 150 of the 1,500 housing units will be kept aside for low-income residents.
A New Residential Development is Heading to Central SoMa
Two new towers with 58 floors and 51 floors will soon be added to the soaring landscape of San Francisco. Replacing a longtime tennis club, the newest residential project will be developed on a 2.6-acre site.
The two buildings, with heights of 600 feet and 528 feet, will offer residents 785 and 715 housing units, respectively. Developers of this Central SoMa project have set aside 150 units for low-income households.
Located at 88 Bluxome, the buildings’ applications are currently in intake. Once completed, the San Francisco development would offer the people of Central SoMa studio, one-, two-, and three-bedroom apartments. The project will also include 470 parking spaces through the project.
Strada Investment Group is the developer of this project at 88 Bluxome.
First of the Six Stalled Projects Since the Pandemic
The latest housing project by Strada Investment Group will be one of the six paused development initiatives in Central SoMa since the pandemic. The 88 Bluxome site was previously meant for redevelopment into office campuses.
After a substantial gap, Strada Investment Group came in, and the development will now be transformed into a residential development.
Broader Project Plans by Strada Investment Group
Developer Strada Investment Group is dividing the site into three parcels. The current two towers would be developed on separate parcels. Whereas, a third land parcel would be kept aside for future affordable housing development.
Earlier, Alexandria owned the property at Bluxome and 5th Streets. After adhering to the Central SoMa’s regulations, Strada is working for the large-scale residential development in the neighborhood.
Efforts for a Sustainable Neighborhood in Central SoMa
In 2024, a principal at Strada Investment Group, Jesse Blout, spoke in favor of Central SoMa’s new legislation allowing the conversion of office projects into housing developments. The 2018-adopted rezoning plan brought forth the idea of adding extra height to the building.
The plan also envisioned bringing along new parks, sidewalks, and affordable housing that could help make Central SoMa a sustainable neighborhood by 2040.
