A developer has filed plans for a residential tower at 325 Fremont Street in San Francisco’s SoMa neighborhood, proposing 246 apartments on a vacant lot that has sat empty since an earlier 25-story project collapsed. Comstock Realty Partners is behind the application, according to a report from megaproject.com, which first detailed the filing.
The 0.15-acre site sits along Fremont Street between Folsom and Harrison streets, an area sfyimby.com notes falls within the 2005 upzoned Rincon Hill area plan, later rebranded as the East Cut. Comstock’s application confirms the 246-unit count and specifies the breakdown: 78 studios, 78 one-bedrooms, 78 two-bedrooms and 12 three-bedrooms, per the outlet. The plan also calls for 1,410 square feet of ground-level retail along the street.
A Decade-Long Saga on a Single Fremont Street Lot
This isn’t the first attempt to build on this parcel. Crescent Heights began planning a 25-story residential tower on the site back in 2012, according to megaproject.com’s reporting, before the project eventually passed to Z&L Properties, whose founder Zhang Li was later accused of bribing public officials and giving kickbacks in San Francisco following his 2022 arrest in London, per the same reporting. Z&L had received final city approval for that earlier 25-story tower in 2017, with entitlements for 118 apartments, parking for 41 cars and storage for 106 bicycles, according to the same sfyimby.com account. Handel Architects designed that version, which was to include two levels of below-grade car-stacker parking, the firm’s own project page states.
With Z&L’s plans unraveling, the vacant parcel was listed for sale at $15 million in July 2025, sfyimby.com reported at the time, citing public records showing the property had last sold in 2015 for $28.5 million. The outlet’s reporting on the new Comstock filing does not establish whether a sale has since closed. Megaproject.com’s account adds that an official sale of the site has not been listed as of publication.
No Car Parking, But Room for Bikes
Perhaps the most striking detail in the new proposal, according to megaproject.com, is what’s missing: the tower would provide zero vehicle parking spaces, instead offering storage for 76 bicycles. That vehicle-free approach is intended to reduce traffic and support neighborhood public transit use, the outlet reports, in a building that would sit three blocks from the Transbay Transit Center, per sfyimby.com’s coverage of the filing, and near a planned future public park, according to megaproject.com…