New renderings and planning advancements have been released for the proposed 41-story tower at One Oak, located in San Francisco’s Market & Octavia Area Plan, previously known as The Hub.
These latest documents highlight a modified design by SCB and include a slight increase in the total unit count since the project was revived last year by the property owner, Washington Capital, with the assistance of Emerald Fund.
This development marks a pivotal moment after the owner partnered with Emerald Fund to enhance housing opportunities on the site, following their acquisition from Build Inc.
The revised project aims to deliver 541 units of market-rate housing and plans to contribute an in-lieu fee to support the creation of affordable housing within the city.
Thanks to new city legislation passed in 2023, the fee dropped from over 20% to 16.4%, making the project more feasible.
Earlier this month, the developers submitted a comprehensive set of documents needed for planning approval, including an updated project application, revised plan set, and a transportation study.
Accompanying these submissions are several new renderings reflecting subtle design changes since 2024.
With a minor increase in residential capacity, the project will now feature 541 units across 41 floors, as opposed to the previous iteration by Build Inc., which sought 460 units over 40 floors.
The proposed 437-foot-tall tower is projected to yield a total of 691,400 square feet, incorporating 529,800 square feet dedicated to housing and 51,700 square feet allocated for a three-story basement garage.
Parking provisions will include space for 138 cars and 210 bicycles, and the mix of unit types will comprise 107 studios, 262 one-bedroom apartments, and 172 two-bedroom units.
Residents will have access to various amenities, including ground-floor facilities and a podium-top courtyard on the 15th floor, along with additional balconies on the 24th, 34th, and rooftop levels.
The architecture firm SCB is behind the project’s design.
The latest renderings show a striking grid on the east-facing facade of the tower, with horizontal white bands encircling every three floors instead of every two, enhancing the verticality of the structure.
Conversely, the western facade retains its barcode-style architecture and features three inset balconies.
Initial concepts for One Oak included a design by the Norwegian architecture studio Snøhetta, which proposed 319 units in a 41-story tower for developer Build Inc.
In 2021, Build Inc. sought to increase the number of units to 465 but reverted the property back to lender Washington Capital Management in 2023.
Washington Capital Management has previously invested in notable projects, including the Studio Gang-designed MIRA tower at 160 Folsom Street and the Urban Land Development office at 531 Bryant Street.
Nestled on a 0.42-acre plot between Market Street and Oak Street, the project overlooks the bus rapid transit lane along Van Ness Avenue and represents just one of several high-rise endeavors currently struggling to materialize due to rising construction costs.
Nevertheless, development efforts are ongoing, with the city collaborating with Lendlease to transform the vacant parcel at 30 Van Ness Avenue into a 47-story skyscraper.
In addition, Florida-based Crescent Heights recently submitted an application for a 67-story skyscraper at 10 South Van Ness, aiming to develop 1,104 units—the tallest building planned for the area.
In contrast, plans for a mixed-use tower at 98 Franklin Street, which would include 345 units and facilities for the French American International School, are currently on hold.
The anticipated construction costs for One Oak exceed a quarter of a billion dollars, excluding various development expenses, while the timeline for initiation remains undecided.
image source from：https://sfyimby.com/2025/06/updated-design-increased-housing-for-41-story-proposal-at-one-oak-san-francisco.html
