80-unit condominium development at 824 South Gladys Avenue
Summary
The Olsen project includes four very low-income, for-sale one-bedroom condos priced around $20,000 — a rare ownership opportunity — but the units shrink from the 880 sq ft standard to 491 sq ft through waivers, which divided the commission. The applicant also committed to more outreach with Mission Walk neighbors and a discussion of HOME/CDBG funds.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 28, 2026.
Impact analysis
The developer pays roughly $50,000 per unit in city fees, plus property tax and 144 new trees, but the city declined to waive development impact fees.
Four very low-income buyers get ownership homes at $20,000, and nearby residents gain a gated replacement for a long-blighted, transience-plagued vacant lot.
Neighbors on Gladys and at Mission Walk may face spillover guest parking, which the developer said would concentrate near the site entrance rather than Mission Walk.
Mentions & discussions (2)
Design Review Commission - May 28, 2026
A vacant lot that's sat empty since 2017 will get 80 new condo homes, including four for very low-income buyers. The project brings new sidewalks, street trees and repaved streets to a stretch of Gladys Avenue that's seen better days.
Planning Commission - May 11, 2026
The Olsen project includes four very low-income, for-sale one-bedroom condos priced around $20,000 — a rare ownership opportunity — but the units shrink from the 880 sq ft standard to 491 sq ft through waivers, which divided the commission. The applicant also committed to more outreach with Mission Walk neighbors and a discussion of HOME/CDBG funds.
Related development
824 South Gladys Avenue Precise Plan of Design
Fills a long-vacant lot with homes and boosts the walkability of the Gladys Avenue corridor, with new sidewalks, trees and paving along the frontage.
Tentative Tract Map No. 85004 and Density Bonus (TMAP25-005)
Replaces a long-vacant, blighted lot next to Mission Walk with new homeownership, 144 new trees, and streetscape improvements — though some commissioners worried about small affordable units and guest-parking spillover.
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