The fate of the parking lot at 2224 Clement St., between 23rd and 24th Avenues, is slated for discussion by the Planning Commission next month.
Green Oak Investment Group Corp., a San Jose-based developer, has filed a conditional use application to turn the 100-by-100-foot parking lot into 12 condominiums, with a parking garage and 1,215 square feet of retail space on the ground floor. As proposed, the building would be four stories high, a story taller than other buildings on the block.
The plan proposal states that "the currently blighted site would be transformed into a noble, architecturally pleasing gateway project."
The lot as it exists today. (Photo: Camden Avery/Hoodline)
If approved, 2224 Clement would be the second new development on this stretch of Clement. Another condo development, with six units, was constructed early last year at 32nd and Clement, on the grounds of the former European Food Market.
The planned development at the 23rd & Clement parking lot might also help explain the apparent lack of market demand for the 4-Star Theatre, which is on the same block. Lee Neighborhood Theatres, which also owns the Presidio and Marina theaters, has been trying to offload the 4-Star as a development property for the past year. In that time, they've dropped its price by $500K, but it remains on the market.
For those interested in attending the Planning Commission hearing, it will be held on the afternoon of Thursday, May 12th, at room 400 in City Hall.