en.Wedoany.com Reported - The University of California, San Francisco (UCSF) Laurel Heights campus redevelopment project has recently achieved new progress. Developers Prado Group and SKS Partners have submitted new construction permit applications for the first three buildings of the project, involving a total of 200 residential units. Located at 3333 California Street in San Francisco, the project plans to build a total of 744 residential units, along with retail, public open space, and childcare facilities. According to building permit documents, the estimated construction cost for the three buildings is approximately $196 million.
Prado Group is a private real estate investment and development company headquartered in San Francisco, founded in 2003, focusing on the development, operation, and investment of urban residential, retail, office, and mixed-use properties in California. SKS Partners is also a real estate investment company based in San Francisco, with extensive experience in commercial property acquisition, asset management, and disposition. The two companies acquired the approximately 10.3-acre campus site from UCSF in 2018, with the university transitioning from owner to tenant and gradually relocating its departments to campuses such as Parnassus Heights and Mission Bay.
The three buildings for which permits have been submitted are Center Building A, Center Building B, and 518 Walnut Street. Center Building A is a five-story building offering 64 residential units; Center Building B is an eight-story apartment complex with two basement levels, totaling 92 units; the 518 Walnut Street plan is a five-story building with three basement levels, comprising 64 units. The project's urban design is led by James Corner Field Operations, with architectural design jointly undertaken by BAR Architects, Jensen Architects, and Solomon Cordwell Buenz.
The project is named "Presidio Highlands," and the developers expect main structure construction to begin by the end of 2026. The first three buildings of the project contain a total of 152 residential units, accounting for approximately one-fifth of the master plan. The San Francisco Planning Department is scheduled to review the developers' updated development agreement in the near future. As a key component of San Francisco's 2022 Housing Element Plan, this project will contribute to the city's goal of adding approximately 82,000 new housing units by 2031.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
