Apartment Building Part of Market and Octavia Area Plan
By Paul Burton, Contributing Writer
Emerald Fund’s 13-story apartment building at 150 Van Ness Ave. is on schedule for completion by next February, with rebar columns now rising above street level.
Clark Construction is the general contractor for the 419- unit complex being built with all union labor.
Marc Babsin, principal of Emerald Fund, said the develop- er “always uses union labor and is a big supporter of the building trades,” using union contractors on all of its many projects in San Francisco over the past several years. The National Electrical Benefit Fund (NEBF) is an equity partner in the project, investing funds from the International Brotherhood of Electrical Workers’ union pension fund. Babsin noted that, “most of our projects are financed with union funds – either through loans or direct investment.”
Emerald Fund’s project next door at 100 Van Ness that converted the former California State Automobile Association office building into a 400- unit apartment complex also received NEBF funds. Other projects have also received direct investments or loans from NEBF, ULLICO and the AFL-CIO Housing Investment Trust, including 101 Polk and Rincon Green at 333 Harrison.
Shane Harris, Emerald Fund’s Director of Construction, said the project will include 50 units on site available at below market rate, meeting the 12 percent affordable housing requirement in place at the time the project was entitled. Harris said the below market rate units will offer the same high quality interiors and amenities as the market rate units.
According to Clark Construction’s website, “the facility will feature an array of amenities, including a roof-top terrace, lap-swim pool, spa, and basket- ball courts. Amenity space will be constructed on the first and second floors and will be comprised of reclaimed stone flooring from the California State Automobile Association headquarters.”
Plant Construction was the main con- tractor for the demolition of the existing building at Van Ness Ave. and Hayes Street, delivering a clean site for Clark in December 2015. Harris said the former building at the site occupied 40 percent of the site and went down 10 feet below grade. The site was excavated down 26 feet to accommodate an underground parking garage that will have a high ceiling and car stackers with three levels. It will accommodate over 200 cars.
Number of stories at 150 Van Ness
Number of units
Units to be below market
Total square footage of the building
The concrete pour of the base and slab was done at the end of January. Pacific Structures is the contractor for the concrete. Other union subcontractors include Alamillo Rebar with a large crew of ironworkers on the job now, Cal Dry- wall for interior partitions and exterior skin, Woodbrige Glass, Cupertino Electric, Broadway Mechanical for plumbing and HVAC, Allied Fire Protection for sprinklers and Alliance Roofing. Con- don and Johnson did the shoring and A & B Construction did the excavation. Around 80 union construction workers are on the job now, with between 50 and 80 on the job every month.
The building will meet Green Point standards with efficient energy systems for lighting, mechanical, and water usage. Harris said work on the exterior will begin in May and interior work in June. The 450,000 square-foot concrete building will also have 9,000 square feet of retail space and be clad in a curtain wall and terracotta panels.
The project is on schedule for completion by February 2018.
The 150 Van Ness project is one of many under construction or nearing the start of construction near Van Ness Ave. and Market Street, part of the Market and Octavia Area Plan that calls for a high- density mixed-use neighborhood around Market Street’s transit connections.
Emerald Fund specializes in dense, transit-oriented, urban infill develop- ment, and has developed 37 projects totaling over 5,500 housing units, 420,000 square feet of office space, 400,000 square feet of retail, and a 200-room luxury hotel in San Francisco since 1979.