SAN FRANCISCO–First it was stymied by community opposition, then it was stalled by the pandemic. So, when a project to build a 40-story residential tower on Market Street and Van Ness Avenue was seized by its lender in a foreclosure last year. Three strikes and you're out, right?
Not in the post-pandemic market in San Francisco, which needs more housing and is looking to rekindle flagging development in city neighborhoods like the one known as the Hub district, near the Civic Center.
After years of trying to move ahead with its One Oak tower at 1500 Market St., San Francisco-based developer Build Inc. lost the entitled development in a voluntary foreclosure last year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
