An eight story, mix-use development at 730 Stanyan St. will replace an old McDonald's that's been mostly vacant since The City purchased the land in 2018.
A momentous step in a years-long effort to transition the lot from affordable hamburgers to affordable housing.
San Francisco bought the fast food building as well as its parking lot, a 38,000- square-foot parcel altogether, for$15.5 million. The site had long been plagued by violent brawls and drug busts. SF teen arrested in connection with dragging death of Oakland baker The woman was dragged at least 50 feet by a getaway car as she tried to retrieve her belongings from a robber
San Francisco bought the lot a few years later, but it sat empty until the pandemic, when it was temporarily used as a homeless encampment equipped with shower and bathroom facilities.. It will cost $153 million and will be funded by the Mayor's Office of Housing and Community Development, federal tax credits, the 2019 Affordable Housing General Obligation Bond and additional lenders.
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