5M Development Project on 5th and Mission

5M is a massive development underway in Western SoMa neighborhood of San Francisco. Just two blocks west from Yerba Buena is another big San Francisco upgrade, where the city hopes to cohesively connect neighborhood pockets to each other with more vibrant and pedestrian-friendly corridors. Short for 5th and Mission, developers have planned 5M to uniquely transform the current area, with the purpose to create more housing, retail and commercial spaces while preserving the established cultural and arts movement that has defined the eccentric SoMa we currently know.

The Vision for 5M

This long-time planned project will provide the neighborhood with much needed open space and community event centers. After several years of planning with Brookfield, the site developer, it was approved in 2015 and groundbreaking finally took place in June 2019.

This part of SoMa was generally a maze of vacant and surface parking lots connected by alleyways, so the city is excited to finally break ground on this super highly centric location. SoMa has always been near public transportation, downtown shopping, urban amenities and freeway access – we’re also excited to see some revitalization progress.

 

5M New Buildings and Development Plan

• 415 Natoma – An office tower to open in 2021
• 434 Minna – Apartments to open 2021
• An approved 400 unit condominium building on Fifth and Minna Streets
• Also, restoration of a few historic buildings within the project boundary, including a historic San Francisco Chronicle Building
• In total, there will be 631 market rate units and 221 affordable housing units that includes senior housing and family housing.

Public Open Space and Outdoor Amenities

SoMa has always been a creative hub and artists that moved into the area breathed life and literally painted color into the concrete urban landscape over the decades. Walk through SoMa and you’ll find one colorful wall mural after another. Turn down one alley and in true underground fashion, you’ll find a historic dive bar that serves up some of the best bar food in the city. One main component of urban living that SoMa residents was lacking was recreational green space. The San Francisco 5M development project for SoMa addresses this issue by incorporating 50,000 square feet of parks and open space that includes rooftop gardens, play areas and a 22,000 square-foot rooftop area. We’re hoping that these urban amenities aim to bring positive change into an already culturally rich area. We are looking forward to the final outcome – 2021 is just around the corner!

Historical Building Renovation

The Heart Family, owners of the San Francisco Chronicle, owned most of the land 5M is occupying. A few century-old buildings lie within the project boundary and will be renovated as historic resources. The Dempster Building at 447 Minna is a 112-year old building and will be the focal point of the open space project, used for arts and cultural programming. The Camelline Building at 430 Natoma is also designated as a historic resource and will provide 11,500 square feet of open space.

5M Offerings: What’s Available Currently

• According to their website, they are looking for an anchor tenant for the 415 Natoma office tower.
• Art events in and around the 5M project are happening. Take a look at the event calendar and see how it’ll be like to live in Western SoMa.

Condominium Buildings Near 5M

• One Eleven – 6 minute walk
• Four Seasons Private Residences

Read More

• BisNow: Brookfield Breaks Ground On Long-Awaited San Francisco Megadevelopment

• SFCurbed: SoMa’s $1 billion 5M megaproject breaks ground