The approval
The Planning Commission approved the One Oak Downtown Project Authorization on 19 March 2026. Motion 21904 clears 541 apartments in a 41-story tower at 1500-1540 Market Street, between Market Street and Oak Street above the Van Ness Avenue bus rapid transit lanes.
The tower roof reads 400 feet, about 416 feet with mechanical equipment and 436 feet with the elevator overrun. The podium runs 14 stories to about 139 feet.
Hayes Point, on hold since August 2023
30 Van Ness Avenue entered construction in September 2022. Lendlease halted the job in August 2023 and cited market conditions, with record office vacancy as the driver.
The entitlement runs to 47 stories at about 540 feet, with 333 homes across 467,100 square feet, 252,900 square feet of office and 6,420 square feet of retail.
Permits issued in mid-June 2025 cover supplemental level-three bracing of the excavation support, at an estimated $4 million. The crews also modify the site fence and the walkway along Fell Street. Lendlease confirmed on 30 July 2025 that the tower stays on hold.
Ten South Van Ness, approved again
The commission issued final approval on 11 September 2026 for a revised 67-story tower at 10 South Van Ness Avenue. The height holds at 820 feet, and the apartment count falls from 1,019 to 921.
The approval carries 70 affordable apartments, which supports a 32.5 percent density bonus and two zoning concessions. Senate Bill 423 carried the streamlining, and the entitlements run to August 2029.
Parking covers 105 cars and 352 bicycles, and ground-floor retail reads 2,360 square feet. The developer has stated work could start as early as next year, and has published no cost and no timeline.
What separates the three
Both approvals that moved carry a mechanism that improves the return. One Oak cuts its in-lieu fee to 16.4 percent under 2023 city legislation. 10 South Van Ness trades 70 on-site affordable homes for a 32.5 percent density bonus.
Hayes Point carries 252,900 square feet of office. The city amended its 2020 approvals to lift office capacity, cut retail and remove the on-site affordable requirement. The job still sits on a foundation.
The demand line a revenue manager watches
San Francisco Travel released its forecast on 26 August 2026. Citywide occupancy reads 70.7 percent for 2026, with an average daily rate of $266.16 and revenue per available room of $188.06. The 2027 line runs 72.1 percent, $271.43 and $195.61.
Moscone Center holds 33 events in 2027 and more than 640,000 room nights, against 38 events and more than 656,000 room nights in 2026.
Residential supply on this corridor enters that forecast late. Neither hold carries a start date, and the One Oak record carries none either.