The good news for Downtown development keeps on trickling in. Last week two new proposals came in for major residential development projects. The first is a 19-story hi-rise at Post St. and San Pedro (next to Myth and right around the corner from One South Market). This would consist of 156 units consisting of studios, 1BD, 2BD, and 3BD apartments. There would also be large amenity decks on the 4th and 17th floors, underground parking, and 4,100 SQFT of retail. The location of the proposed building can be seen in the 3rd image below.
The second project would consist of a 7-story building with 195 units (studios, 1BD, and 2BD apartments) on 1.4 acres fronting Saint James Park and First Street. This would be the first residential project of this scope to break ground in the area, and hopefully could be a catalyst to cleaning up the park. As for retail, this would include a corner Cafe.
The Downtown skyline is going to be quite a bit different 5 years from now!
Source: Joseph Meduri, SVBJ