Permits Filed for 150 Hayes Street Office-to-Residential Conversion in San Francisco

Permits have been filed for the significant office-to-housing conversion of 150 Hayes Street in San Francisco's Civic Center, a project spearheaded by Emerald Fund and SDG. This initiative seeks to transform the existing 1968-built structure into 104 new apartments, adding a new story and approximately 15,530 square feet to the building. The application represents a key effort to financially enable such conversions as San Francisco grapples with a high office vacancy rate, currently around 30%.

Located near City Hall and the Civic Center BART Station, 150 Hayes Street was formerly part of the California State Automobile Association Campus. Emerald Fund has previously redeveloped other sites from this campus into housing, including 100 Van Ness Avenue, the city's largest office-to-housing conversion to date. Future residents at 150 Hayes Street are expected to share amenities, such as a fitness center and co-working space, with the adjacent 101 Polk Street development. Despite a recent slow recovery in the office market, many buildings remain underutilized, prompting developers and the city to explore adaptive reuse solutions. This filing underscores the ongoing strategy to repurpose commercial properties into much-needed residential units.