The New Parkmerced Vision. Imagine a once-in-a lifetime opportunity to transform an aging housing complex and the surrounding area into a vibrant neighborhood. Imagine a shared commitment to turn a blighted landscape into an international model of urban sustainability. Imagine that vision is becoming reality. Parkmerced will become a cleaner, safer, healthier living community that residents will be proud to call home ,and will have a significant, positive impact on the city and the residents of San Francisco.
The goal is to be one of America’s first net-zero carbon communities.
Parkmerced will be a resident oriented community that reflects the richness of San Francisco’s cultural diversity and the city’s commitment to social and economic equity. It will also provide a proving ground for the most advanced techniques in combating climate change and providing innovative transportation strategies.
New housing, new amenities that include a retail corridor that will feature retail and professional office space, usable public space, web-based networking and multiple transit connection options all using the most current green building practices and technologies.
A revitalized Parkmerced can be an anchor of prosperity for the neighborhood, for San Francisco, and most importantly, for our residents. For over two years, we have worked with local and national partners, including current residents and neighbors, to study and analyze constraints, opportunities and potential for Parkmerced. This interactive process has provided us with invaluable input and feedback, and we will continue to work toward a better future together. We invite you to explore the website to learn about our plans.
- Parkmerced Today. At a Glance
- 3,221-unit rental apartment community
- 116 acres; similar in size to other San Francisco neighborhoods such as West Portal, Nob Hill, Inner Sunset and others
- 11 towers with 153 apartments each and 1,538 townhouse apartments
- Built in the late 1940s to provide housing for military families after World War II
- 30 acres of the original Parkmerced was sold off by previous owners
- Purchased by Parkmerced Investors in October of 2005.
- Parkmerced Investors immediately began a $135 million renovation program to address deferred maintenance left by previous owners.
- Web site on current rentals and residential relations: www.parkmerced.com
- The New Parkmerced. Imagine Cleaner, Safer, Healthier Living
- 15- to 20-year revitalization program that includes dramatic improvements to housing, transportation, amenities, open space
- All 3,221 existing rental homes will either be retained as is or replaced with new homes
- Protect current residents and provide any who live in apartment homes in need of replacement with new onsite apartments at the same rent-controlled rate of their existing homes (for more information click here)
- An average of 200 to 300 new homes a year with 5,679 net new homes
- Mix of for-rent and for-sale in a variety of housing styles from low- to mid-rise and townhomes to flats
- Improved green space with over 50 usable acres of parks, plazas, paths, playing fields, greenways
- Increased neighborhood serving amenities, services and retail with over 400,000 square feet
- Rerouted Muni M-line into Parkmerced
- Shuttles to Bart; bike and pedestrian paths; and other transit enhancements
- Relandscaped 19th Avenue, improved local streets and access into Parkmerced
- Up to a 60 percent reduction in energy use and 40 percent in water use per existing unit.