United States Real Estate Investor

United States Real Estate Investor

United States Real Estate Investor

United States Real Estate Investor

United States Real Estate Investor

United States Real Estate Investor

San Francisco 528-Unit Tower Proposed on Mission Street

Article Context

This article is published by United States Real Estate Investor®, an educational media platform that helps beginners learn how to achieve financial freedom through real estate investing while keeping advanced investors informed with high-value industry insight.

  • Topic: Beginner-focused real estate investing education
  • Audience: New and aspiring United States investors
  • Purpose: Explain market conditions, risks, and strategies in clear, practical terms
  • Geographic focus: United States housing and investment markets
  • Content type: Educational analysis and investor guidance
  • Update relevance: Reflects conditions and data current as of publication date

This article provides factual explanations, definitions, and strategy insights designed to help readers understand how investing works and how decisions impact long-term financial outcomes.

Last updated: October 14, 2026

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528 unit mission street tower
Learn how a proposed 45-story Mission Street tower would add 528 homes—and what state housing laws could mean for its approval.
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What’s Proposed at 1601 Mission Street?

Manna Capital has filed preliminary plans to replace the Tower Car Wash at 1601 Mission Street with a 45-story, 479-foot residential tower designed by Solomon Cordwell Buenz.

The proposed building would occupy a triangular, irregularly shaped site near Mission Street and South Van Ness Avenue, within the Market & Octavia Area Plan. The redevelopment would be substantially larger than earlier plans for the property.

The project would total approximately 633,600 square feet, including about 542,800 square feet of residential space. A five-story podium would form the tower’s base and include a garage, while a roughly 900-square-foot retail shop is planned near the lobby. The proposal includes 528 rental units.

The garage would account for about 86,600 square feet. The preliminary filing does not establish a project timeline, and the estimated construction cost is approximately $312 million, excluding other development costs. The project comes amid a surge in inventory across San Francisco’s housing market.

How Are 1601 Mission Street’s 528 Units Divided?

The proposed 528-home rental tower would include 80 affordable units and 448 market-rate units, with one-bedroom apartments making up the largest share. The unit breakdown also includes 114 studios, 59 junior one-bedrooms, 132 two-bedrooms, and 20 three-bedroom homes.

The 80 affordable apartments represent about 15.2 percent of the project, or roughly one in six homes. The affordability mix is divided evenly: 40 units are designated for very low-income households, and 40 for moderate-income households.

No other affordability tiers are identified in the available material. One-bedroom apartments account for 203 units, the largest bedroom category, followed by two-bedrooms.

Studios and junior one-bedrooms add a substantial smaller-unit component, while three-bedroom homes are limited. Overall, the distribution emphasizes smaller and mid-sized households, alongside a smaller number of larger homes.

The affordable units appear integrated into the broader rental program, with the set-aside tied to state density bonus provisions. Portland’s zoning reforms also show how statewide zoning reforms can expand housing options beyond single-family homes.

What Design and Amenities Are Planned?

At 1601 Mission Street, plans call for a 45-story, 479-foot residential tower with curved or non-rectangular floor plates and a glass-clad exterior. A five-story base sits beneath the tower’s shaft, featuring perforated metal panels and stone veneer.

An inward-set, angled wood-clad ceiling frames the rooftop space.

Area Planned features Setting
Sixth floor Spa, fitness center, games room, yoga studio, golf simulator Indoor and outdoor deck
Podium top Pool, hot tub, outdoor kitchen, game tables Planted terrace
Top floor Private dining room, kitchen, library, screen room Resident spaces
Rooftop Co-working lounge Tree-lined deck

Resident amenities are distributed across several levels. A small retail shop is planned beside the lobby, while the podium includes an approximately 86,600-square-foot garage.

The amenity program combines recreation, work, dining, and outdoor areas.

Could State Housing Laws Speed Approval?

State housing laws could shorten the approval path for 1601 Mission Street. The application reportedly invokes AB 1287, SB 330, and California’s State Density Bonus law.

Eligibility would determine whether the project can use an accelerated process instead of San Francisco’s lengthy discretionary review.

AB 2011 and SB 423 may allow qualifying housing proposals to receive ministerial approval, without discretionary hearings. Some coverage estimates SB 423 could reduce approval time in San Francisco from more than two years to about six months.

The ministerial approval timeline depends on meeting objective zoning, affordability, labor, and site requirements.

The proposal’s reported 528 apartments include 80 affordable units. Density-bonus rules could support additional homes or height where local limits would otherwise block them.

State law eligibility is not automatic, however. Planning approval would not replace later building-permit and site-safety reviews, and the cited laws may apply differently depending on the site and project compliance.

How Could the Tower Affect the Mission Street Corridor?

A 45-story, 479-foot tower with 528 rental homes could reshape activity along Mission Street, adding residents to a corridor that already connects SoMa, the Mission, and Civic Center.

Its scale would mark a shift from the site’s existing car wash use toward a denser residential street environment.

The location near Muni light rail and the Van Ness Bus Rapid Transit line supports transit use, though added residents and visitors would increase daily trips.

Proposed ground-floor retail, about 900 square feet, could bring more foot traffic and customers to nearby cafes and service businesses.

More activity may intensify pedestrian circulation at intersections and increase demand for wider sidewalks, safer crossings, and better lighting.

A podium garage and added rideshare, delivery, and service vehicles could also pressure the Mission and South Van Ness corner.

Careful curb management would be important to coordinate loading, drop-offs, and access.

Assessment

The proposed 528-unit tower would bring substantial new housing to 1601 Mission Street, including units reserved for lower-income households.

Its design, amenities, approval path, and effect on the corridor remain tied to project review and city decisions. State housing laws could influence that timeline, but no outcome is assured.

If built, the development would mark a major change along Mission Street, increasing residential density at a prominent San Francisco site.

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