One Oak | 1500 – 1540 Market St.

Goodbye Donuts, Hello Very Tall Tower! Construction is anticipated to begin in 2019, with completion roughly estimated for 2021. If developed, One Oak will occupy the area along Market St. from 1500 – 1540 Market St. The development site is adjacent to the 1554 Market St. development.

When complete, One Oak will be home to about 300 homes in what you’ll either think of as Hayes Valley or The Hub at Market.

The most recent plans for the site specify 304 new residences, of which 54 will be studio homes, 96 will have one-bedroom, 135 will be two-bedroom homes, with about 20 homes that are three or more bedrooms.  A below-ground garage will have enough space for approximately 136 cars.

 

Developer: Build Inc. |Builder: Build Inc. | Architect: Snøhetta/SCB

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Van Ness - Mission - Market

The Hub High Density Development Area

Adjacent Civic Center - City Hall

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More About the Building

From SF Planning:

“The proposed project entails demolition of an existing fourstory building and parking lot located at 15101540 Market Street and construction of a residential tower with 258 dwelling units over groundfloor 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 aboveground levels and two belowground levels. The project would accommodate 69 offstreet 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
304

 

Construction Schedule
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.

 

Pricing
Yet to be determined

 

Parking
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.

 

Listing Agent
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.

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