A neighborhood of highrises is taking shape
Another article in the SF Business Times talks further about the high-rise housing planned for the Rincon Hill district of SoMa/SoBe.
“Despite high city fees that will likely exceed $25 a square foot, there is no shortage of developers ready to build. The fees will help pay for inclusionary or affordable housing, new streets, parks and schools for the emerging neighborhood. After nearly a decade in planning, the city’s adoption of the Rincon Hill neighborhood plan gives developers clear guidelines to trigger the biggest round of highrise construction since the South Beach/Mission Bay developments of the last decade. But Rincon Hill’s buildings will be far taller.”
“Developers ready to build” is a phrase that I hope we keep hearing for years to come. Now if we can just keep Chris Daly under wraps until he is voted out of office, we might just see some housing inventory make its way through the pipeline…



