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One Oak Tower and Plaza Slated for Approval Next Week

Along with the refined designs for its signature plaza, which we first revealed last week and are newly rendered in more detail below, the plans for the proposed One Oak Street tower to rise up to 400 feet in height (420 feet if you count its parapet) on the northwest corner of Market, Oak and Van Ness Avenue, where the All Star Cafe currently stands, could be approved by San Francisco’s Planning Commission next week.



As we also noted last week, the proposed number of underground parking spaces for the 40-story tower to rise on the 1500-1540 Market Street site been reduced from 155 to 136. And the total unit count has now dropped from 310 to 304, with a mix of 54 studios, 96 one-bedrooms, 135 two-bedrooms, 16 three-bedrooms, and 3 fours.



The tower, which would take an estimated 32 months to complete once the ground was broken, is slated to be 100 percent market rate with the development team planning to pay an in-lieu fee to meet the City’s inclusionary housing requirements, a fee which is envisioned to fund the development of below market rate (BMR) units along Octavia Boulevard on former Central Freeway Parcels R, S and U.

http://www.socketsite.com/archives/2...next-week.html