San Francisco is making strides to address housing shortages by converting commercial properties into residential units, a plan originally proposed by former Mayor London Breed. Current Mayor Daniel Lurie has strengthened the initiative with added incentives, despite significant challenges such as rising construction costs exceeding rent growth. The article highlights successful past conversions and the architectural strategies involved, while also acknowledging current setbacks and uncertainties faced by developers. The sentiment among city officials reflects a cautious approach amidst fluctuating market conditions, balancing hopes for recovery with looming recession fears.
The challenges of converting commercial spaces into residential units abound, but San Francisco has successfully completed notable projects that set a precedent for future developments.
"The exact same building that we are in today, if we bought it out today would cost 70% more, 70% more for that 2013 in these 12 years," revealed Babsin.
"The biggest thing that we did with the building was to remove the old precast concrete facade and to replace that with floor to ceiling glass." - Strachan Forgan
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