New Renderings Published for San Francisco Apartment Tower

The 360 5th Street development in SoMa will feature 273 units in a 21-story structure.

Updated on Oct. 7, 2026 in Apartments

New Renderings Published for San Francisco Apartment Tower

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Developers have released updated designs for a new apartment tower at 360 5th Street in San Francisco. The project aims to bring 273 residential units to a site that saw a previous construction attempt suspended in 2020.

Why it matters

The development leverages the State Density Bonus Program and Assembly Bill 1287 to maximize residential capacity on a small footprint in the SoMa neighborhood. This project represents a renewed effort to utilize the site after previous legal and development challenges.

The tower will reach 249 feet over 21 stories, offering 320,150 square feet of floor area and 9,550 square feet of open space. The site plan includes 55 car parking stalls and 158 bicycle spaces for the 273 total apartment units.

The players

DM Development

This real estate firm serves as one of the joint developers currently managing the 360 5th Street project.

Thompson Builders

This construction company acts as a joint developer for the proposed apartment tower in San Francisco.

Handel Architects

This firm is the designer responsible for the updated architectural renderings for the 360 5th Street site.

The details

The building features a unit mix of 63 studios, 129 one-bedrooms, and 81 two-bedrooms. It is located between Clara Street and Shipley Street, positioned near the Powell Street BART Station to prioritize high-density transit-oriented housing.

Trammell Crow Company secured the project entitlements in 2017.
LEAP Development broke ground on the site in 2019.
Residential project work was suspended in 2020.
A lawsuit regarding the property was filed in 2024.
Construction is expected to begin in 2027.

Culture Shift

The 360 5th Street project highlights an ongoing shift in urban housing as developers increasingly utilize the State Density Bonus Program to build higher-density residential projects. This trend reflects a broader move to maximize vertical living space in land-constrained cities like San Francisco.

The project’s proximity to the Powell Street BART Station provides residents with immediate access to regional transit, reducing reliance on personal vehicles. The inclusion of 158 bicycle spaces further underscores a shift toward transit-oriented urban living for future occupants.

The takeaway

This development marks a significant effort to revive a long-dormant site through state-level density incentives. Prospective renters should monitor the project's progress as it navigates the final regulatory steps toward its planned 2027 groundbreaking.