Keller Grover Properties, the developer behind 1965 Market St., has announced plans to utilize Senate Bill 423 in their development process. This move comes just days after San Francisco became subject to the streamlining law, which aims to eliminate discretionary review for eligible residential projects. The city was deemed non-compliant with state housing goals and is now required to expedite approval processes for qualifying developments.
According to a report from the San Francisco Business Times, Keller Grover Properties submitted a notice of intent on July 2 outlining their proposed project: a 23-story tower featuring studio apartments, one-bedroom units, two-bedroom units and three-bedroom units. Of these units, 28 will be designated as affordable housing.
Sponsored by Senator Scott Wiener (D-San Francisco), SB 423 aims to shorten entitlement processes from several years down to just a few months for qualifying projects. Other Bay Area jurisdictions are also subject under this legislation.
Rendering courtesy of RG Architecture.
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