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Challenges Remain for Adequate Residential Parcels

SAN FRANCISCO—Mission Creek, located in the heart of San Francisco's Mission District, holds a solution to the development conundrum in the form of an 82-acre site.

By Lisa Brown | Updated on December 02, 2015

SAN FRANCISCO—Perennially supply constrained, San Francisco’s residential market is extremely tight with vacancy market-wide under 5%, and it is increasingly challenging to find large parcels suitable for residential development. Mission Creek, located in the heart of San Francisco’s Mission District, holds a partial solution to that development conundrum.

An 82-acre Mission Creek site hugging Folsom Street and 23rd recently sold to 2675 Folsom LLC for $18 million. The site has visibility along Folsom Street and runs through to Treat Avenue, offering an urban infill development opportunity in a desirable residential market.

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