I’m very excited about a new and much needed senior housing project currently under construction in the Excelsior—the Frank Residences within the San Francisco Campus for Jewish Living.
The $140 million, five-story project will include 190 senior housing units and a new community center, as reported by J.K. Dineen in The Chronicle recently. Also included in the mix will be 113 assisted-living apartments, 77 memory-care suites and a 45,000-square-foot community center. Amenities there will feature a fitness facility, swimming pool, library, health clinic, dog park, art studio, beauty salon, pharmacy, movie theatre, cafe, performance center and gardens with bocce courts.
The nine-acre complex is situated above the intersection of Mission Street and Silver Avenue and is the first large, market-rate senior housing development built in the city in decades. The units will all be for rent, starting at $5,400 a month and going as high as $12,000 a month for a 1,200-square foot penthouse. Unlike at upscale senior communities like The Sequoias and The Towers, the Frank Residences don’t require a buy-in fee. So senior just need to be prepared to cover the monthly costs.
The private memory-care suites will be $8,500 a month. The fee includes three meals a day, as well as transportation, housekeeping, and health programs. (There will be subsidies for some residents who can’t afford the rents.)
I think the Frank Residences will be an excellent housing addition to the neighborhood. It’s close to Mission Street transit and the freeway, the Excelsior library branch, produce markets and banks. If you’re interested in taking a tour of the property and seeing what’s available, check out the Frank Residences Web site here.