The 2.2-acre site at 770 Woolsey Street in San Francisco's Portola district is again on the market after the rejection of a community proposal to develop an urban farm. Despite raising $15 million to secure the land, The Greenhouse Project's efforts were ignored by the developer Group I, who are now struggling to fund a housing project. The property, valued at $12.4 million, requires adherence to a community agreement preserving greenhouses and public space, stirring frustration among local advocates.
The subsequent rejection of The Greenhouse Project’s $15 million offer for the site has resulted in a frustrating lack of communication from the current owner, Group I.
Community members are hopeful that the future owner will respect the agreed community benefits, including the preservation of greenhouses and public space.
Despite interest in urban agriculture, property developer Group I's struggle for funding and limited engagement has left local advocates feeling ignored and disheartened.
Real estate analysts suggest that the approved low-density housing could attract homebuilders, but high costs and market uncertainties pose challenges.
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