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Mission & Sixth St. ~ 12.15.2011 to the Present ~ Trinity Plaza |
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New building on Mission Street next to the first building in the complex. |
The completed complex sometime in the future. | ||||
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After four years of often contentious hearings and negotiations, an agreement on development of the Trinity Plaza site at Eighth and Market Streets was reached by the building’s owner and the City. Supervisor Chris Daly, who represents the district where the existing Trinity Plaza apartments are located, worked out a deal with property owner Angelo Sangiacomo that will guarantee that current tenants of the rent-controlled apartments will have the right to rent the 360 replacement apartments, which will also be rent-controlled for life. Press reports called owner Sangiacomo “the father of rent control” because the City’s rent control policy was enacted after tenants protested the rent increases on his properties in the 1970s. Tenants of Trinity Plaza also fought the owner over plans to demolish the building and replace it with condominiums. “Over the past four years, I have witnessed a group of everyday San Franciscans organize to protect their community and to help save the soul of San Francisco. The tenants of Trinity Plaza truly love their neighbors and are unsung heroes of San Francisco,” Supervisor Daly said in a statement. “We are reminded that protecting the vulnerable is good for all of us, and doing the right the thing for those who are in need, is also good for the whole.” The project will be the first to be built with units regulated under the city’s rent stabilization ordinance. An additional 230 new units will be built under the City’s Inclusionary Housing Program to be made available to households at 60 percent of the city’s median income of $66,500 per person in 2005, according to the San Francisco Board of Supervisors. |
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January 16.2012 |
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February 15 .2012 |
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April 1 .2012 |
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Created by Charles W. Buntjer |
Published on 2012.01.01 |
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San Francisco |
Updated on 2012.04.01 |
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