Cities Rental Market San Francisco, CA

Here Are San Francisco’s 9 Biggest Rental Developments Completed in 2015; Half are Affordable Housing

Mosso 900 Folsom Street San Francisco

After a booming 2014 – when the San Francisco Planning Department reported a total of 3,654 new housing units delivered to market, a 20-year record – first indicators show that San Francisco may have slowed down the pace in 2015.

Only 9 multi-family developments with 50+ rental units have been completed last year, adding a total of 1,637 new apartments to the local inventory, according to Yardi Matrix. That’s a 39% drop from 2014, when the 13 biggest projects in terms of number of units delivered a total of 2,680 apartments for rent — encompassing a striking 2,275,418 square feet.

The upside: nearly half of the buildings (Franciscan Towers, Broadway – Sansome, 1100 Ocean Drive, and 280 Beale Street) are much-needed affordable housing developments, other projects including an affordable component as well. The 1974-built 100 Van Ness building, historically home to the California State Automobile Association, also made the list; the building’s conversion from office to residential made way for a total of 421 rental units.

So which were the 9 largest San Francisco rental developments of 2015, by number of units? Here’s a breakdown:

#1. Mosso: 463 rental units

Mosso Apartments, 900 Folsom Street in San-Francisco

Mosso Apartments, 900 Folsom Street in San-Francisco

Completed: 2/02/2015

Address: 900 Folsom Street, San Francisco, CA 94107
Rental types: 14 studios, 252 one-bedroom apartments, 210 two-bedroom apartments
Property size: 375,971 sq.ft., includes 8,000 square feet of retail.
Short description: Located in the heart of SoMa. Green building, LEED certified. Outdoor Workspace/Meeting Area. Electronic charging stations. Rooftop terrace. Great view over San Francisco Bay.
Photo credits: Mosso Official Website

#2. 100 Van Ness: 421 rental units

100 Van Ness Apartments for rent

100 Van Ness apartments for rent

Completed: 11/11/2015

Address: 100 Van Ness Avenue, San Francisco, CA 94102
Rental types: 49 studios, 209 one-bedroom apartments, 163 two-bedroom apartments
Property size: 346,518 sq.ft., 28-Story – First Floor includes retail
Short description: Fitness Center, Business Center. View – Downtown San Francisco/San Francisco Bay. High Speed internet access.
Photo credits: 100 Van Ness Official Facebook Page

#3. Avalon Hayes Valley: 182 rental units

Avalon Hayes Valley apartments in San Francisco

Avalon Hayes Valley apartments in San Francisco

Completed: 10/01/2015

Address: 325 Octavia Street, San Francisco, CA 94102
Rental types: 45 studios, 106 one-bedroom apartments, 35 two-bedroom apartments
Property size: 135,149 sq.ft., Five-story building – first floor includes retail
Short description: Green Building – LEED – Certified Platinum. Private balcony/patio in select units. Fitness center, clubhouse. High speed internet.
Photo credits: Avalon Hayes Valley Official Website

#4 The Civic, 101 Polk: 162 rental units

The Civic 101 Polk Street San Francisco

The Civic 101 Polk San Francisco

Completed: 12/23/2015

Address: 101 Polk Street, San Francisco, CA 94102
Rental types: 25 studios, 99 one-bedroom apartments, 38 two-bedroom apartments
Property size: 13-story building
Short description: Conveniently located at the intersection of Hayes Valley, SOMA, the Mission and mid-Market. Floor-to-ceiling windows. All apartments have in-unit washer/dryers, gas stoves, and stainless steel appliances. Walk-in showers, walk-in closets and private balconies in many apartments.
Photo credits: The Civic San Francisco Official Website

#5. 2175 Market Street: 88 rental units

2175 Market Street Apartments in San Francisco

2175 Market Street Apartments in San Francisco

Completed: 4/21/2015

Address: 2175 Market Street, San Francisco, CA 94114
Rental types: 54 one-bedroom apartments, 34 two-bedroom apartments
Property size: 55,111 sq.ft., six-story building. First floor includes retail.
Short description: Located in the Upper Market neighborhood of San Francisco. Green Building – LEED – Proposed Certified Platinum. Electric is partially powered by a solar electrical system. Rooftop terrace with a great view over San Francisco Bay.
Photo credits: 2175 Market Street Official Website

#6. Franciscan Towers: 105 rental units

Franciscan Towers Apartments in San Francisco

Completed: 11/20/2015

Address: 217 Eddy Street, San Francisco, CA 94102
Rental types: 94 studios, 11 one-bedroom apartments
Property size: 69,096 sq.ft., 6 stories building
Short description: Fully affordable.35 units reserved for the formerly homeless. Recently redeveloped. The building also houses an after-school program.
Photo credits: Yardi Matrix Official Website

#7. Broadway-Sansome: 75 rental units

Broadway-Sansome 255 Broadway Street San Francisco

Completed: 4/21/2015

Address: 255 Broadway Street, San Francisco, CA 94111
Rental types: 10 studios, 36 one-bedroom apartments, 24 two-bedroom apartments, 5 three-bedroom
Property size: 56,940 sq.ft., 6 story building with 5,000 sq.ft retail space on ground floor
Short description: Fully affordable. Great location near Battery Street, Broadway Street and Sansome Street . View over San Francisco Bay.
Photo credits: Yardi Matrix Official Website

#8. 1100 Ocean Avenue: 71 rental units

1100 Ocean Avenue Apartments in San Francisco

Completed: 3/11/2015

Address: 1100 Ocean Avenue, San Francisco, CA 94112
Rental types: 18 studios, 18 one-bedroom apartments, 21 two-bedroom apartments, 14 three-bedroom apartments
Property size: 47,867 sq.ft., 5-story building with retail on ground floor
Short description: Fully affordable. Non-smoking building, multi – purpose room for youth residents, outdoor play area. Located near the City College of San Francisco.
Photo credits: Yardi Matrix Official Website

#9. 280 Beale Street: 70 rental units

280 Beale Street Apartments in San Francisco

Completed: 7/23/2015

Address: 280 Beale Street, San Francisco, CA 94105
Rental types: 55 one-bedroom apartments, 15 two-bedroom apartments
Property size: 38,965 sq.ft., 8-story building with retail space on the ground floor
Short description: Fully affordable. Non-smoking building. Close proximity to shopping.
Photo credits: Google Street View

About the author

Georgiana Mihaila

Wordsmith and outreach specialist for RENTCafé, passionate about real estate & good books, and a sucker for superhero movies. Wanna talk? Shoot me a quick email at georgiana.mihaila@yardi.com or tweet at me @GeorgiMih

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