The Handoff From 4Terra to Greystar
Development responsibility at 400 Divisadero Street has moved from 4Terra Investments to Greystar, the South Carolina-based multi-family developer. SFist reports that Greystar supplies the institutional financing the project needed. 4Terra completed much of the design and permitting phase before the handoff. San Francisco YIMBY reports the new funding is expected to expedite the remaining work.
The corner holds no operating business. Touchless Car Wash closed there in 2019 after operating since 1958 under Roy and Patricia Shimek, per The Real Deal.
What the Closure Permits Stage
Hoodline attributes street and sidewalk closure permits to San Francisco Public Works, with a 19 October 2026 start date. That is the only dated construction commitment in the published record. No closure end date, no construction duration and no phase list appear in the report or in any of the four SF YIMBY articles on this site.
A property watch reads the permit date as staging for ground-level work. No schedule follows from it yet.
Five Lots Behind One Address
The San Francisco Planning Department puts the site at 0.93 acres across five merged assessor lots at the northeast corner of Divisadero and Oak. SF YIMBY describes the parcel along Divisadero between Oak and Fell as 0.79 acres. No published source reconciles the two figures.
Demolition permits filed in early 2022 covered 1048 Oak, 1052 Oak, 400 Divisadero, 444 Divisadero and 271 Granada Avenue, per SF YIMBY. 1060-1062 Oak Street, a two-story two-unit building, is to be moved 49 feet east.
The Eight-Story Programme
Plans call for full demolition and an eight-story, 85-foot building by BDE Architecture, per SF YIMBY. The build yields about 194,280 square feet: 109,800 square feet of housing, 1,850 square feet of retail and 8,480 square feet for a 24-car garage. The count runs 121 one-bedroom apartments and 82 two-bedroom apartments, plus four ground-floor units facing Divisadero Street. Parking covers 24 cars and 144 bicycles.
The programme lists a lobby, fitness center and lounge at ground level, a five-story annex at the rear, a podium-top central courtyard and a rooftop terrace. The facade uses stone veneer, stucco and wood-look siding with bay windows, balconies and blue accents.
The Ministerial Route and the Base Zoning
SF YIMBY reports ministerial approval in late 2024 under California Assembly Bill 2011 and use of the State Density Bonus Law to exceed the parcel base zoning limit of 131 units. A separate SF YIMBY filing from January 2025 records two concessions and seven waivers covering height, unit exposure and rear yard.
Twenty units are set aside for households at 55 percent of Area Median Income, per The San Francisco Standard. That report puts estimated monthly rents around $1,400 for one-bedroom units and $1,545 for two-bedroom units alongside the set-aside.
An earlier SF YIMBY report from June 2024 carried 23 affordable units and listed Guzzardo Partnership as landscape architect. The January 2025 and August 2026 figures carry 20. No published source reconciles the movement.
What Broke Ground, and What Did Not
Two sponsors left this address before the current one. Genesis Real Estate Group won approval for a 186-unit project in 2019 after more than 1,000 outreach meetings, per SFist, and abandoned the development in 2022 as construction costs rose. SF YIMBY records the same Genesis scheme at 184 units.
Tenderloin Neighborhood Development Corporation went into contract in late 2022 for a 100 percent affordable purchase, per The Real Deal, and the deal collapsed in early 2023 when city funding failed to materialize.
The stalled lot then entered the 2024 District 5 supervisor race. SFist reports GrowSF funded a billboard over the property and that Bilal Mahmood campaigned on permitting gridlock. Mahmood later championed the SHADE Act, which lets stalled projects build under the codes in place at original application. SFist estimates the change saves 5 to 7 percent in construction costs.
What the 203 Homes Change on the Block
The project adds 203 homes to a corner that has carried none since 2019, plus 1,850 square feet of retail at the ground floor facing Divisadero Street. Homes and retail land together on five merged lots that were previously five separate ownerships and permit files.
The published record names no conversion filing, no adjacent parcel application and no revised neighbouring plan. A watch on this block should hold the retail figure and the merged-lot boundary. It should treat any adjacent-parcel claim without a filed document as unverified.
The Lodging Address on the Same Street
A 1,500-metre OpenStreetMap sweep around the site returns 20 lodging records, 18 of them named, on a 16 October 2026 read. The nearest is the Metro Hotel at 319 Divisadero Street, 92 metres away on a straight line.
Casa Loma Hotel at 610 Fillmore Street sits 604 metres away, The Grove Inn at 890 Grove Street 676 metres, Chateau Tivoli at 1057 Steiner Street 721 metres and 24 Henry at 24 Henry Street 844 metres. The sweep publishes no room counts for any of them. The Metro Hotel is the only lodging address on Divisadero Street itself.
San Francisco Travel's 26 August 2026 forecast puts 2026 citywide occupancy at 70.7 percent, ADR at $266.16 and RevPAR at $188.06, with 2027 at 72.1 percent, $271.43 and $195.61. No corridor wage series is published for this stretch of Divisadero.
Two Watches to Set After October
Watch the closure permits. The date is issued and the duration is not. Watch the 1,850-square-foot retail bay and the five-lot boundary for the first adjacent filing.
The approvals, the waivers, the unit count and the ownership history are all recorded. Ground-level work starts on the permit date.