This project is a Cahill/Guzman joint venture. Located directly adjacent to the 16th Street BART station, this 2-3 phase project will consist of approximately 400 units. Design concepts are still being flushed out, but it will likely be a mix of high-rise and mid-rise buildings, 9 to 16 stories. Building 1 – La Maravilla (2970 16th Street) will be a 9-story, type-1A, 100% affordable Permanent Supportive Housing building with 136 units. The ground floor will house resident services offices, shared common areas, a wellness clinic (TI space), and a secure outdoor courtyard. A second floor will provide a community laundry room and terrace and residential units.
Status: A 50% DD early bid for Building 1 – La Maravilla (2970 16th Street) took place in June 2025. The following trades bid out at that time: Abatement, Demo, Earthwork, Shoring, Ground Improvements, Elevators, Fire Sprinklers, and Tower Crane. There is a chance the final bid for remaining trades will occur in August 2025 with construction starting in December (pending funding). Otherwise, final bid for remaining trades is not expected until Q1 2026 with construction expected to start Q2 2026 for the first building.