In December 2016, the Planning Department began their final review of a new development planned for 2224 Clement Street between 23rd and 24th Avenues. The lot is currently empty and has been a public, but privately-owned parking lot for decades.
The new proposed development is a 4-story building with 12, 3-bedroom residential units, a ground floor retail space (approximately 1,215 square feet), and 16 parking spaces – accomplished via “parking stackers”. The complex will also include 16 bicycle parking spaces.
The adjoining buildings to 2224 Clement are a Gordo’s Taqueria to the west and a Seafood Market to the east, both 2-story buildings. The 4-Star Theater is also close by.
The property was last sold in December 2014 for $3.9 million to a group of owners that includes three LLC’s, one of which owned the property previously, along with a company called Greenoak Investment Group. According to the building permit, the proposed cost of the new development is $3.6 million.
The original plans called for the entire development to be residential units (16), but the city’s Urban Design Advisory Committee “requested that the project incorporate a more active, transparent commercial ground story in conformance with Section 145.1 of the Planning Code to better relate to the surrounding commercial context”. That led to converting the ground floor from residential to retail, which reduced the total units to 12.
We are working on tracking down more recent and accurate renderings from the design firm, Salvatore Caruso Design Corporation in Santa Clara.
In related news, the 4-Star Theater property is still on the market and popped up on Craigslist recently (but with no stated sale price). We imagine this development at 2224 Clement is making the 4-Star property less attractive for additional development, but we’ll wait to see what happens.