The tower will have 204 apartments, 18 of which will be designated as affordable for very low income individuals and families.
A $100.2 million Bankers Hill apartment tower that is being built by a private developer in conjunction with St. Paul’s Episcopal Cathedral is on target for completion in April 2022.
“This is the next step in the future of St. Paul’s Cathedral as a cathedral for the city,” said the Very Rev. Penny Bridges, dean of St. Paul’s Cathedral.
Known simply by its address – 525 Olive St. – the 20-story tower under construction by Greystar will be the tallest building in the neighborhood.
“The view from the building looking to Balboa Park as well as looking to the bay is very dramatic,” said Jerry Brand, executive director of Greystar. “You can look and see the zoo and if you’re listening at the right time, you can hear the roar of the lions or whatever and it’s pretty cool.”