Parkmerced Maximus is transforming Parkmerced into a pedestrian-focused neighborhood.

SAN FRANCISCO—Parkmerced has a long history, learns. Consisting of 152 acres, it was originally developed by Metropolitan Life in the 1940s to provide housing for returning soldiers. The current owner/developer Maximus Real Estate Partners has plans to substantially renovate and expand the multifamily property that features more than 3,200 apartments and 10,000 residents.