SAN FRANCISCO—Greystar and Ivanhoé Cambridge plan to break ground on 2198 Market Street, a new mixed-use development in San Francisco. The new development will feature 87 apartment homes and 5,000 square feet of retail space.
“The development will contribute to the ongoing transformation of Upper Market Street and the Castro District of San Francisco,” said Ali Warner, managing director of development for Greystar. “2198 Market Street will offer stylish, high-quality apartment homes with an abundance of on-site amenities that will appeal to a variety of residents.”
The new community will have an urban design situated on a triangular site with frontage on Market Street and Sanchez Streets. 2198 Market Street will offer a variety of one- and two-bedroom floor plans ranging in size from 538 to 1,322 square feet. Interior finishes will include stainless steel appliances, custom kitchen islands with European cabinetry, quartz countertops with under mount sinks, pendant lighting, solid-surface flooring in living areas, and ceramic tile in baths.
Residents will enjoy a spacious rooftop terrace with hot tub, sun deck, fire pit with lounge seating, grilling stations and patio dining. Other amenities will include a bistro lounge, bike storage and underground parking. The mixed-use development will include ground-floor retail space with excellent pedestrian and automobile visibility along Market Street with space for a future restaurant.
“2198 Market Street will provide residents a transit-orientated community that provides convenient access to the Church Street Muni Metro and BART,” said Sylvain Fortier, executive vice president, residential, hotels and real estate investment funds for Ivanhoé Cambridge. “It's also a 10 minute commute to downtown San Francisco and a short walk to local parks, schools and restaurants.”
Construction on 2198 Market Street is expected to be completed in summer 2016.
A groundbreaking ceremony will be held on Thursday at 12 p.m. at the site which is located at the six-way intersection of Market Street, Sanchez Street and 15th Street.
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