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Commission approves modified 450 O’Farrell project using state density bonus to add affordable units and protections for adjacent historic hotel
Summary
Amended project for 450 O’Farrell won commission approval; sponsor will add 261 total units using the state density bonus (including 15–18% affordable at 55% AMI), increase height and include mitigation measures and construction monitoring to protect the adjacent Pacific Bay Inn.
The Planning Commission approved a modified project for 450 O’Farrell (the former Fifth Church site) that uses the state density bonus to increase housing capacity from 176 to 261 units while providing at least 15% affordable units at 55% AMI (32 units) to qualify for the maximum density bonus. The project sponsor will also voluntarily provide additional units at moderate…
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