San Francisco's Inner Richmond Site Listed for $58.5M, Paving Way for 350-Unit Housing Development
Key Takeaways San Francisco's Inner Richmond site, valued at $58.5 million, is crucial for a proposed 350-unit housing development amid the city's housing crisis. The city has a state mandate to approve more than 82,000 housing units by 2031, with only about 9% completion expected by the end of 2024. Zoning issues and escalating real estate costs pose significant threats to the development's progress, necessitating urgent action to prevent further economic strain. Inner Richmond Development Faces Potential Roadblocks San Francisco's housing crisis intensifies as a prime Inner Richmond site, valued at $58.5 million, emerges as a potential 350-unit lifeline against looming state intervention. The city's mandate to approve over 82,000 units by 2031 faces a dire timeline. With less than 9% progress by 2024's end, insufficient zoning regulations and skyrocketing real estate costs threaten this development. Immediate action is critical to avoid further economic calami...