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Finally, an update on this one.

Funding Milestone Reached For Redevelopment Of Freedom West, San Francisco



BY: ANDREW NELSON 5:30 AM ON NOVEMBER 3, 2023

A new funding milestone has been announced for Freedom West 2.0, a master plan to right the wrongs of 20th-century urban redevelopment in San Francisco’s Fillmore District. The $27 million secured to date comes a month after a new state bill has created a new pathway to finance the project. The development team includes MacFarlane Partners and Avanath Capital Management.

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Freedom West was created as a nonprofit housing co-op by Bethel AME Church in 1973, following the aftermath of Urban Renewal in the 1950s and 1960s. In the Fillmore District and Western Addition neighborhoods, the government-sponsored plan displayed over 20,000 residents.

Construction of Freedom West 2.0 will ensure housing stability for the thousand or so residents living in the 382 co-op units. An additional 133 affordable homes will be added during construction, while the master plan seeks to create nearly 2,400 apartments above retail and public open space.

Initial plans for Freedom West Development will create 14 new buildings across the 10.8-acre property. The structure will rise four to 33 floors high, the tallest of which will rise 345 feet high in phase two. At build-out, MacFarlane Dev. Co. hopes to see over 2.5 million square feet of residential floor area, 100,000 square feet for the 150-room hotel, 60,000 square feet for commercial retail, 8,900 square feet for Cultural/Institutional/Educational tenants, and 221,900 square feet of usable open space. DLR Group is the project architect and master planner, working with Hood Design Studio with Kimley Horn as the civil engineer.

Project addresses will include 710 & 889 McAllister Street, 735 Gough Street, and 550 Fulton Street. The recently filed planning application estimates construction will cost $1.426 billion. The construction costs do not include development, pre-construction work, marketing, and other pricey expenditures.

https://sfyimby.com/2023/11/funding-...francisco.html