One Oak Development Update

The SF Planning Commission just approved a $400M condo building to be named One Oak at the corner of Van Ness Ave & Market St.

Debates were waged over how many parking spaces the building would be allowed to have at one of the busiest intersections in the city, with ample public transportation.

While a ratio of .25 parking spaces to 1 resident had been agreed on by the city & planners, the new project won out w/ a .45 ratio, which means they will be granted 76 parking spaces, despite deep objections by the neighborhood association.

One of those objections is that this will set a precedent for two other proposed towers at the same intersection, but the developer argued that the parking space ratio is still lower than any other similar building in SF, and that it is needed to convince investors to fund the proposal.

The One Oak project will include 304 condos, 94 units of off-site affordable housing, and a 6,000-square-foot plaza.

Find out more at SFGate here.