Major Housing Development Could Hit This SF Neighborhood

A new nine-story apartment building may be destined for San Francisco's Nob Hill neighborhood, according to city planning documents.

The 104-homes project at 1462 Pine St. could be built on an existing two-story office building, which would be demolished as part of the development. The total lot size is 13,750 square feet.

Home sizes would vary, with the project containing 18 studios, 41 one-bedroom homes and 45 two-bedroom apartments.

Of the 104 homes, 81 would be market-rate and 23 would be listed as affordable.

Plans say that of the below-market-rate units, 13 would have rents pegged for households making 55% of the neighborhood's Area Median Income, five would be for those making 80% of the AMI, and another five would be for those making 110%.

Nob Hill is an affluent area with an Area Median Income of $151,100.

Plans say the building would include a 6,273-square-foot rooftop deck, a 1,746 square-foot rear yard and an underground parking for 30 cars and 103 bicycles.

The project would be one block east of Van Ness Avenue, a major transit thoroughfare, and one mile from Powell Street BART Station.

Developer Atlas Property Group did not immediately respond to requests for comment.