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Rare Condo Development Hits the Market

Since 2010, only 20,000 new housing units have been added in San Francisco while 140,000 new jobs have been created, creating an obvious shortage in the face of intense and growing demand.

One Oak One Oak’s unit mix will appeal to buyers of various generations and price points.

SAN FRANCISCO—One Oak is a site in the Hayes Valley neighborhood that is fully entitled for a 40-story 318-unit luxury condominium tower. JLL’s capital markets group has been engaged to market the project with pricing possibly as high as $100 million, GlobeSt.com learns. Rob Hielscher, John Manning, Michel Seifer and Erik Hanson are leading the JLL team marketing efforts.

“One Oak presents a rare opportunity to acquire and develop the only fully entitled zoned high-rise site in the fashionable Hayes Valley neighborhood, which will offer residents incredible, largely unobstructed city and Bay views in every direction,” said Lou Vasquez of San Francisco-based BUILD.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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