Updated Renderings Released for SoMa Apartment Tower
The 21-story project at 360 5th Street targets a 2027 start for its 273 new residential units.
Updated on Oct. 7, 2026 in Apartments
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New plans have been unveiled for a high-rise development in SoMa that aims to replace a long-stalled project site. The proposal at 360 5th Street seeks to transform a 0.21-acre lot between Clara and Shipley streets into a 249-foot apartment building.
Why it matters
This project looks to revive a property where previous development was suspended in 2020. The proposal leverages state density bonuses to expand the city's housing stock, though its progress follows a 2024 legal challenge regarding the site.
The proposed tower will include 273 units across 21 stories, compared to the previously suspended project on the 0.21-acre site. Officials are still reviewing the project filing which estimates a construction cost of $68.95 million.
The players
DM Development
A joint developer working on the 360 5th Street apartment project.
Thompson Builders
A joint developer partnering on the proposed residential high-rise.
Handel Architects
The design firm responsible for the updated renderings of the SoMa tower.
The details
Developers DM Development and Thompson Builders have partnered with Handel Architects to design a building with 158 bicycle spaces and 55 car parking spots. By utilizing the State Density Bonus Program and Assembly Bill 1287, the team is pursuing a 100% density increase. Following the release of updated renderings, the project remains in the pre-construction phase with an anticipated groundbreaking in 2027.
Timeline
2017: Trammell Crow Company secured project entitlements.
2019: LEAP Development broke ground on the site.
2020: Previous residential project work was suspended.
2024: A lawsuit was filed regarding the property.
2027: Project construction is estimated to start.
Across the Bay
This project follows the pattern set by recent downtown developments that utilize the State Density Bonus Program to maximize unit counts. It marks a significant effort to restart stalled housing production in SoMa after previous attempts were halted.
Neighbors near the intersection of 5th, Clara, and Shipley streets should anticipate future construction activity if the 2027 timeline holds. The development will provide 158 bicycle spaces and 55 car parking spots for future residents.
The takeaway
Watch for future administrative hearings regarding the 360 5th Street project as the developers move toward their 2027 start date. Track the status of the 2024 legal challenge, which remains a key factor in the site's eventual redevelopment.
Further reading
You can find more updates on local housing developments in the Apartments section.
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