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Commission approves 1 Oak tower and plaza after contentious parking debate
Summary
The Planning Commission certified the EIR and approved the 1 Oak (1540 Market) tower and plaza project, accepting a higher parking ratio than Market Octavia standards after the developer committed to extensive travel-demand measures and to reduce parking if the project converts to rental.
The Planning Commission on June 15 certified the final EIR for the 1 Oak residential tower and voted to approve associated actions including downtown project authorization, zoning and conditional-use approvals. The project is a 40-story, roughly 310-unit tower with a ground-floor plaza (Oak Plaza), public art canopies, and two-level below-grade parking.
Build Inc., the project sponsor, presented revised project materials and emphasized extensive mitigation and transportation demand management (TDM) measures: GreenTrip Platinum certification, one bike-share membership per unit, on-site bike repair, car-share coordination, unbundled parking, and a pedestrian-oriented plaza design. MOHCD said Build…
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