Presidio Terrace Senior Home on the Market for $58 Million, Could Become Large Development
Briefly

The closure of the 124-year-old St. Anne's Home senior care facility has led to renewed interest in the site's future, with local developers exploring options that could see the six-acre property transformed into a significantly larger development. With a reported asking price of $58.5 million, potential buyers have discussed plans ranging from multifamily units to single-family homes, igniting concerns among Inner Richmond residents about the impact on their community. The backdrop of aggressive zoning changes in San Francisco's west side further complicates the issue, suggesting a shift in neighborhood character.
The St. Anne's Home senior care facility closing has sparked significant interest for its redevelopment, with potential buyers eyeing plans that could dramatically increase the site's housing density.
With the rezoning of SF's west side, there's speculation that a developer could construct a much larger complex, significantly impacting the local neighborhood dynamics.
Read at sfist.com
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