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Construction Nears for $146M Condo Project

SAN FRANCISCO-The 388-unit project is slated for 5.75 acres of a former Coca-Cola plant in San Francisco's Bayview-Hunters Point neighborhood.

By Brian K. Miller | Updated on June 12, 2007

SAN FRANCISCO-Noteware Development and the Goldman Sachs Urban Investment Group are gearing up to break ground for their second housing project in San Francisco’s Bayview-Hunters Point neighborhood. The $146-million, 388-unit project is slated for 5.75 acres of a former Coca-Cola plant.

Located at 5800 Third St., the development site sits at the Carroll Station stop on the Third Street light rail line. In addition to the housing units, the phased project includes 11,000 sf of retail fronting Third Street.

Approximately 12% (47) of the housing units will be affordable to persons with moderate incomes per the City’s affordable housing guidelines. The remaining 291 units will be sold at market rates. Prices for the market rate units have not yet been set, but will likely start in the mid-$500,000s. Prices for the affordable units will likely start in the mid-$200,000s.

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