SF News Report: More Than 80% of Middle-Income 'Below Market Rate’ Housing Units Sitting Vacant In SF, Partly Thanks to Red Tape It’s great that San Francisco developers are given incentives to set aside housing for middle-income families that can’t afford the pricier units. It’s not so great that a large percentage of these units are sitting empty because of bureaucracy and the state of the housing market.
SF News Ambitious Potrero Bus Yard Affordable Housing Project Might Get Slashed From 500 Units to 100 Units As the SFMTA proceeds with their grand plan to modernize the 109-year-old Potrero Yard bus facility and build 500 units of affordable housing on top of it, we receive word that they may reduce that affordable housing component to barely 100 units.
SF Politics Supervisors Override Breed’s Veto of Peskin’s Density Limit Legislation, In Big Win for Peskin With two supervisors likely running for mayor, the SF Board of Supervisors flexed a supermajority and shot down Mayor Breed’s veto of their measure to limit large towers along parts of the city’s northern waterfront.
SF News SF’s Former Biggest Landlord Veritas, Now Defaulting to the Tune of $1 Billion, Selling 762 More SF Apartments The local downfall of SF’s one-time biggest residential landlord Veritas Investments continues unabated, as they’re selling off more San Francisco properties, this time 23 buildings with 762 rent-controlled apartments.
SF News Long-Vacant Mid-Market Condo Building Gets City Hall OK To Switch to Apartments Instead Mohammed Nuru bribery complications left a 12-story, 109-unit residential building empty for nearly three years, but that building known as The Oak just got the OK to convert from condos to apartments under a new owner who does not have any bribery charges.
SF News Concord Is On Track to Get Rent Control, More Bay Area Cities May Follow Rent control is going beyond Oakland and San Francisco, as Concord is on the verge of implementing it, and a handful of other Bay Area cities also have rent control ballot measures in the works.
SF News Former Mission-Bernal Big Lots Slated to Become 70 Units of Affordable Senior Housing The big lot that used to house Big Lots on Mission Street may soon be home to an affordable senior housing complex, from the same nonprofit that’s rebuilding the burnt remains of the 3300 Club across the street.
SF News This Market Street Office Building Is Slated to Become 120 Apartments By Next Year An office-to-residential conversion, the second major one to move forward on Market Street, is in the works at 785 Market, a.k.a. the Humboldt Bank Building, and the developer has plans to turn the building into 120 apartments for middle-income residents.
SF News Fillmore Safeway to Close to Make Way for Housing, Depriving Neighborhood of Its Only Grocery Store A long troubled but still very active and popular Safeway location in the Fillmore neighborhood is slated to close in early March, with the site being sold to a residential developer.
SF Politics Peskin, Chan Making Noise About Suing the State Over Mandatory Housing Goals The latest drama over SF’s state-mandated goal to build more than 82,000 new housing units comes from Supervisors Aaron Peskin and Connie Chan, who want to blow up that mandate with a lawsuit, though City Attorney David Chiu may be unwilling to throw that bomb.
SF News The Latest Barrier to New Bay Area Housing? PG&E Equipment Delays There are hundreds of otherwise ready-to-go housing units just plain sitting vacant across the Bay Area, because PG&E is backlogged on the electrical components needed to connect these units to their power grid.
SF News Stonestown Redevelopment Project Gets New Renderings, Revisions The planned redevelopment of the Stonestown Galleria property, which will turn what are currently parking lots into new residential, retail, and office space, has received some revisions, which include dropping a planned 200-room hotel.
SF News Renderings Show Proposed New 100% Affordable Housing Project at Burned-Out 29th and Mission Building What used to be the 3300 Club, El Taco Loco, and a Mission-Bernal SRO is now slated to become 35 units of all-affordable housing, and we now have new renderings of plans for what has just been a burnt-out eyesore for seven and a half years.
SF News SF Supervisors Pass Crucial Housing Ordinance Urged by State, But With Changes State Might Reject The SF Board of Supervisors played chicken with a state deadline to remove constraints on housing production, and while they theoretically met the deadline Tuesday, the amendments they added could still cost SF big money.
SF Politics Facing Crucial Deadline on High-Stakes Housing Ordinance, SF Supervisors Just Plain Delay Their Vote With a 30-day state deadline that has potentially hundreds of millions of dollars at stake on a critical piece of housing legislation, the SF Board of Supervisors yawned, stretched, and delayed their vote by another week at Tuesday’s meeting.
SF News Chan Zuckerberg Initiative Donating $1 Million to Half Moon Bay Shooting Victims and Farmworker Housing The January mass shooting in Half Moon Bay exposed a secret underbelly of immigrant farm workers living in squalid on-farm housing, but a million-dollar donation from Mark Zuckerberg and Priscilla Chan’s foundation will go to improving those workers’ living conditions.
Business & Tech New 71-Story Tower Proposed for Howard and First Streets, Would Be City’s Third-Tallest Building Plans have been submitted for what would be the third-tallest building in San Francisco if completed, a 71-story tower at 530 Howard Street that would utilize a new state law to bypass SF Board of Supervisors approval.
SF Politics State Issues Scathing New Report on San Francisco's Arduously Slow Process for Approving New Housing It's not new news, but a state agency has issued a report confirming that SF's approvals process for new construction is the slowest of any other city in the state.
SF News Mint Plaza Sleeping Pod Complex Dinged With Violations After City Inspection A resident of one of the latest iterations of the pod-style sleeping arrangements we saw during the most recent SF tech boom boasted about the cheapness of his rent on social media, leading to TV media coverage and, now, a city inspection.
SF News Long-Shuttered, Dilapidated Eyesore Alexandria Theater Finally Inching Toward Becoming Housing The Richmond District’s long-vacant and decrepit Alexandria Theater could finally find new life as a 76-unit housing development, as the district’s supervisor Connie Chan and the building’s owner are finally on the same page.
SF Politics Ex-Fox News Host Pushing 2024 California Ballot Measure to Blow Up CEQA Legal Challenges A former Fox News host and current election denier is pushing an election ballot measure for 2024, one that would defang the environmental law CEQA that’s often used to hold up controversial housing developments.
SF News Cyberattack on Popular Property Listing Software Throws Bay Area Real Estate Market into Chaos Hackers breached a crucial real estate listing software from the Rapattoni Corporation earlier this month, and Bay Area realtors are feeling it — but there's no foreseeable fix yet.
SF News The Former ‘Monster In the Mission’ Project, Now Slated to Be Affordable Housing, Gets Even Bigger Mayor London Breed is ordering a supersize increase in the number of units to the affordable housing complex going into what used to be the Burger King and Walgreens buildings at 16th and Mission, at the once-derided “Monster in the Mission” site.
SF News SF Adds New Teacher Housing Projects, One of Which Will Convert Eyesore at 18th and Mission There are two new housing developments for teachers in the SF housing pipeline, including the highly tagged, dilapidated abandoned property at 18th and Mission Streets.
SF News Viral TikTok Shows Dire State of Bay Area Housing with Listing of Office Turned Into a Half-Million-Dollar Condo The video shows a 1,000-square-foot San Rafael office converted into a condo — but owners seemingly made minimal changes, only adding a kitchen against one wall and a shower in the bathroom but leaving the industrial carpet and stained ceiling tiles intact.