Project · San Francisco, CA · Updated today
1687 Market Residences
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Sourced from San Francisco meeting, May 6, 2026. ZoneWire tracks 214 projects in San Francisco, CA, updated within 24h of every meeting.
Where this stands
94 units of 100% affordable housing for artists, all at 80% AMI and below with some deeply affordable units. Includes community room with kitchen, landscaped roof deck, secured bike parking, music/dance rehearsal spaces, 88-seat black box theater, and program space for Artists Hub on Market. ~$90M total financing: $50M philanthropic lender, $3M permanent mortgage from Century, $30M tax credit equity, $2.5M deferred developer fee. Construction begins June 2026, complete February 2028. Tax-exempt bond issuance up to $30M.
- Project
- 1687 Market Residences
- Asset class
- Residential
- Developer
- Mercy Housing
- Location
- 1687 Market St, San Francisco
- Scale
- 94 units
- County
- San Francisco, CA
- Jurisdiction
- San Francisco
- Current status
- Approved
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1687 Market Residences
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