June 21, 2019 Comments Off on Mayor Breed, Brookfield, Hearst Launch MXU Development in San Francisco Views: 725 Bay Area, California News

Mayor Breed, Brookfield, Hearst Launch MXU Development in San Francisco

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San Francisco Mayor London Breed and members of Brookfield Properties, Hearst and neighborhood organizations marked the start of construction on the transformative 5M mixed-use development in San Francisco’s SoMa district at a community celebration with artists, local food and music. Four acres of empty parking lots and underutilized buildings at Mission, Fifth and Howard streets will be transformed into roughly 856 total new residential units onsite and in the neighborhood.

The first phase of construction involves a 302-unit apartment building with 91 affordable units, a 640,000-square-foot Class A office building, called 415 Natoma Street, and 26,000-square-feet of the total 49,000 square-feet of parks, play areas and open space. The office building lobby will include an arcade of retail and food and beverage options.

The historic Camelline building and Dempster building, a former printing house, will be repurposed as signature site features. The project is anticipated to open by late 2021.

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