A 186-unit condo building has been proposed for 1028 Market Street, the site currently occupied by the long-shuttered Hollywood Billiards, and another 301-unit building is headed in next door at 1066 Market Street. This is yet another signal of the rapidly changing landscape of mid-Market, on a block (between 6th and 7th, Jones and Taylor) that has been half-vacant and blighted for more than a decade.
As the SF Business Times reports, the two properties were originally going to be developed together by Shorenstein Residential in collaboration with David Addington (owner of the Warfield Building), who until recently owned the Hollywood Billiards building. Now they're being developed separately and a Maryland-based developer has filed a proposal for the 1028 Market site. It's planned to be 13 stories with 9,600 square feet of ground-floor retail, and the 186 units will average 625 square feet. So, small.
Meanwhile, Shorenstein is developing the 1066 Market site with a 12-story condo tower that will occupy just a small bit of Market Street frontage as well as the large parking lot behind it, fronting Golden Gate Avenue and Jones Street as well.
Both projects are still in the planning stages and are subject to change. But these join two recently announced projects across the street, the 9-story hotel that wants to go in on the Kaplan's site, and the 8-story condo tower proposed for the site of the former Market Street Cinema. Also, there's that enormous project going in just a block down at 950 Market. And there are about 40 projects in total within mid-Market that are going to transform the place completely within a few years. Brace yourselves.