703 3rd Street | San Rafael

This project proposes to redevelop and consolidate two Downtown parcels to construct a 6-story, 73’-tall, mixed-use building with 120 apartments, including 9 affordable apartments. The project will offer 121 garage parking spaces, including 112 mechanical parking lifts.

The project would offer the following units:

• 33 studio apartments
• 44, 1-bedroom apartments
• 43, 2-bedroom apartments

The 9 affordable units includes 5 ‘very low-income’ apartments and 4 ‘low income’ apartments. This represents 20% of the maximum base density (45 units). By meeting the affordable housing requirement, the project is entitled to a State Density Bonus of an additional 16 units. The project requests; 1) An additional State Density Bonus of an additional 59 ‘market-rate’ units; 2) A height bonus of an additional 7’, from 66’ to 73’, under the State Density Bonus law; 3) Reduced parking rates under the State Density Bonus law; and 4) A waiver of the required 5’ front setback along Third St., under the State Density Bonus law. The project proposes to demolish the existing commercial buildings on the sites.This project is currently under construction as of September 2025. This is a SB35 project.