Posted Sep 27, 2017, 6:06 PM
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Registered User
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Join Date: Dec 2006
Location: The Mission
Posts: 690
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From Curbed SF:
Quote:
Civic Center’s One Oak high-rise moves forward
Legal challenges put the proposed 40-story One Oak high-rise, located on the north side of Market and Van Ness, in limbo for months. But after additional affordable housing units were added to the residential tower, the San Francisco Board of Supervisors backed down. The project has now been cleared for takeoff.
Previously, Board of Supervisors President London Breed wanted to nix 60 of the building’s proposed 136 parking spaces, potentially holding up the project.
Tuesday’s Board meeting could have scuttled One Oak altogether if city lawmakers demanded more than Build Inc wanted to concede on the project.
However, Breed announced on Tuesday that developer and challengers came to an agreement after Build Inc promised to fund more affordable homes (to be placed on some of the still-vacant Hayes Valley freeway parcels) to the tune of nearly $3 million.
“These parcels will potentially get 103 affordable units,” said Breed said. “These units may even get finished before One Oak.”
In exchange, One Oak gets to keep its 136 parking spaces and its EIR. According to the latest timeline on the building’s website, Build Inc hopes to break ground on One Oak in June of 2018.
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more at https://sf.curbed.com/2017/9/27/1637...ing-housing-sf
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