Developer Downscales 'Lucky Penny' Site, Cuts 26 Units

Image via Google Maps
By Camden Avery - Published on November 27, 2017.

As reported last week by SocketSite, the development team behind the project slated for the site of the former Lucky Penny diner, which closed two years ago, has scaled back its plans for the location's future.

According to the latest designs, the proposed building would be eight stories (80 feet) high, with 95 residential units in a mix of studios, and two- and three-bedroom apartments, along with 1,760 square feet of ground floor retail. 

As we reported earlier this summer, plans for the development have changed substantially in the two years since Lucky Penny closed.

Before the revisions, the developer had sought to take advantage of a two story density bonus for a total of 110 units, 36 of which would have been below market rate.

Instead, under the current plan, 23 percent of the building would be reserved for below-market-rate units. As before, the current renderings are only tentative and face a series of permit applications and reviews.

About 20 hours ago
San Francisco Financial District Union Square

Marshalls store in the Financial District to close on January 30

SF’s only Marshalls location has its days numbered, as the discount apparel retailer will close its Market Street store. Read More

Jan 13, 2021
San Francisco Bayview Hunters Point Polk

Two new homeless Navigation Centers announced for Bayview and Polk Gulch

Supportive housing for more 115 people is coming to a Bayview parking lot, while 43 beds will be available at Post and Hyde Streets.] Read More

Jan 13, 2021
San Francisco Bayview Excelsior Visitacion Valley

Revamp of Jerry Garcia Amphitheater aims to improve access to McLaren Park venue

Renovations to the Jerry Garcia Amphitheater in McLaren Park are underway to make the site more accessible and improve facilities for concert performers and attendees alike. Read More

Jan 13, 2021
San Francisco Castro Duboce Triangle Mission

Castro CBD extends security camera survey deadline & delays town hall

The Castro/Upper Market Community Benefit District (Castro CBD) has extended the deadline on its security camera survey and delayed an upcoming virtual town hall. Read More