By The Registry Staff
New affordable housing could be soon on its way to San Francisco as plans for a 115-unit multifamily complex designed for seniors were submitted to the city. According to industry reports, MacFarlane Partners and Avanath Capital Management have filed the proposal, which is part of the firms’ larger Freedom West 2.0 project.
Located at 880 McAllister St., the new project would also include a ground floor commercial area that spans approximately 1,200 square feet. Project plans show that the mix of units would consist of 80 one- and 35 two-bedroom apartments.
Plans show that DLR Group is the architect, Hood Design Studio is the landscape architect, DCI Engineers is the structural engineer and PAE Engineers is the MEP engineer.
The Freedom West 2.0 revitalization plan will rebuild all 382 units of affordable housing while also adding additional affordable rental units and 20,000 square feet of commercial real estate to be owned by the Freedom West Homes Corporation is a nonprofit housing cooperative located in the Fillmore District of San Francisco. Plans for the commercial space include a 6,000 square foot STEM Innovation Center designed to serve residents and the surrounding community.
Last year, Freedom West announced $27 million in funding commitments for the housing project. The milestone was celebrated in October at the Freedom West 50th Anniversary event.
“The 50th Anniversary of Freedom West is an important milestone for the generations of families who have lived here and will continue to, as well as for the City to acknowledge and support the community of residents who have always called the Fillmore home,” San Francisco Mayor London Breed said in a release at the time. “The Freedom West community, its partners, the developers, and neighbors are committed to the shared vision of Freedom West 2.0 that will allow this community to flourish for the next 50 years.”
MacFarlane Partners is a real estate investment management and development firm that acquires, develops and manages properties on behalf of some of the world’s largest pension plans and institutions. Founded in 1987, the firm is headquartered in San Francisco and operates regional offices in Los Angeles and Seattle.
Avanath Capital Management is a privately held, vertically integrated investment firm managing real estate and real estate-related investments generating risk-adjusted returns through current income and capital appreciation from its investments. Founded by Daryl J. Carter, the firm is led by a management team that averages 25 years of experience.
This article was originally published in The Registry on May 1, 2024, and has been reposted here to share and consolidate information about Freedom West 2.0. The original article can be viewed here: https://news.theregistrysf.com/macfarlane-partners-submits-proposal-for-115-unit-affordable-senior-housing-as-part-of-freedom-west-2-0-project-in-san-francisco/
First new homes at Freedom West 2.0 could be under construction by late 2025, MacFarlane Partners says. DLR Group
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