From SF Planning:
“The proposed project entails demolition of an existing four‐story building and parking lot located at 1510‐1540 Market Street and construction of a residential tower with 258 dwelling units over ground‐floor retail use. The height of the proposed tower would be 435 feet above street grade to its roof; mechanical equipment and a parapet would extend an additional 20 feet above the roof line. The project would comprise a total of 330,986 gross square feet (gsf) in 37 above‐ground levels and two below‐ground levels. The project would accommodate 69 off‐street parking spaces and 82 bicycle storage units in its basement levels.”
The site was originally going to be home to a building designed by Richard Meier, but the current (2017) site owner has engaged Snøhetta/SCB for a new/updated site design.
Number of Homes
The project has been through the hands of several developers. It is currently owned by Build, Inc. and completed the initial permitting and approval stages in June of 2017. It is anticipated that shovels will break ground in 2019 and the building will open in the second quarter of 2021.
Yet to be determined
About 135 below ground car parking spaces for 304 homes and about 125 bicycle parking spots.
Amenities and Finishes
Still being determined, but the building will have a variety of outdoor spaces for residents and some of the homes will offer incredible views.
Below Market Rate (Inclusionary Housing) Homes
The developer will make an “in-lieu” contribution that will fund construction of about 72 BMR homes on parcels along Octavia Blvd. The developer is also paying $6.4 million in additional fees for affordable housing to the City of San Francisco. There will not be any BMR homes on-site.
We do not represent the developer of One Oak. The listing agent representing the developer has yet to be announced, and we provide buyers with independent representation across the city of San Francisco. We will update this page as soon as we know who is representing the developer of One Oak.