SAN FRANCISCO—Construction is expected to begin within a few weeks on 101 Polk St., a 162-unit residential building near Mid-Market.

The project backed by $58 million in funding acquired by Emerald Fund, will total $82.8 million, says the San Francisco Business Times. The apartment project is part of the 1,000 units the fund plans to build in the area, and it is being undertaken in partnership with Washington Capital, a union pension fund administrator.

The building, designed by Solomon Cordwell Buenz, will feature studios, one- and two-bedroom units, and should be completed by 2016.

The developer’s other projects in the neighborhood include 100 Van Ness, 150 Van Ness, totalling 850 units combined.

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