Planning Commission to Review Trinity Plaza on Thursday
From BeyondChron, “The Planning Commission will hold a hearing on Trinity Plaza’s Environmental Impact Review (EIR) tomorrow, providing an opportunity for commissioners and the public to weigh in on the project. The hearing comes near the close of the official approval process for Trinity, which is poised to bring up to 1,900 units of housing to the Mid-Market area, 600 of them affordable. In addition to reviewing the EIR, the hearing will consist of a full presentation of the project from its sponsors. While the Planning Commission will not act on the project today, its final approval could come within the next two months, when commissioners grant or deny the EIR.”
Owner Angelo Sangiacamo’s “representatives will present the details of that agreement tomorrow, which include demolishing the current building and replacing it with up to 1,900 units. 360 of those units will be affordable, rent-controlled housing provided to the current Trinity Plaza tenants to replace their old units. In addition, twelve percent of the remaining units will also be affordable. The new Trinity Plaza will also include 51,883 net square feet of retail uses at street level, as well as 63,000 square feet of usable open space.”
“Following tomorrow’s hearing, the Planning Commission will schedule a date to take action on the EIR. Their approval likely represents the final step in ensuring Trinity Plaza will happen. Should this approval come, Trinity would arrive in the Mid-Market neighborhood as debate surrounding the area’s future continues. Some argue that Mid-Market should become a redevelopment area, claiming the neighborhood is blighted and has a bleak future without Redevelopment Agency help. Opponents point to projects like Trinity Plaza as proof that the neighborhood is already on the upswing, and a Redevelopment Agency would merely rob the city of funds and the Mid-Market community of the power it exercised when negotiating with Sangiacamo. “
Also under construction is a new tower that will sit between the proposed Trinity Plaza redevelopment and the new Federal Building.
Opponents of declaring this a redevelopment zone have more than just one property to point to. Is there anything else in the pipeline though?
Most of Mid-Market would remain an eyesore if this is all that happens.
Jamison at March 10th, 2006 at 12:53 am ( )I’m still looking for a good bit of comprehensive info on other plans for mid-market, but one site that spells out the area for redevelopment can be found on SFGov.org.
This is obviously a large area and one that will ultimately change as more of these projects (like the Federal Building and Trinity) are completed.
I also found some info on commercial buildings that had sold or are for sale on the SF Business Times site.
“How much is a rundown, erstwhile porno theater in the Mid-Market area worth? Brokers Vincent Schwab and Sanford Skeie of Marcus & Millichap may soon know. Last week, Schwab and Skeie listed the old Strand Theater at 1127 Market St. for $6.6 million. The 12,000-square-foot theater was shuttered in 2003 after a police investigation resulted in prostitution and drug dealing arrests. Skeie said the site, directly in front of the new federal building, could potentially be used for mixed-use theater, office and retail, especially if it’s combined with abutting sites. The Strand sits next to a vacant lot and the National Hotel, a residential hotel also for sale.”
I’ll keep digging and post more when I find it.
Matt Lanning at March 10th, 2006 at 1:45 am ( )