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I don't understand, wouldn't this be a good investment opportunity with San Francisco growing? Facebook could build its own tower and lease out space for condos

by bluthru 13y ago

I don't understand, wouldn't this be a good investment opportunity with San Francisco growing? Facebook could build its own tower and lease out space for condos, apartments, offices, ground floor commercial, etc. I'm really kinda bummed they're building a huge sprawling building. I think Amazon is being the best citizen in this regard.

fiatmoney 13y ago
To a close approximation, San Francisco won't let anyone build anything.
- thrownaway2424 13y ago
  Been here lately? There are over five million square feet of commercial space actively underconstruction, 20000 housing units actively under construction, and 50000 housing units permitted and in some stage of development planning.
  - rdl 13y ago
    There's still the problem that most of the construction within SF is in areas where "people don't want to live", at least not "trendy" startup people. Generally 20something tech people want to live in the Mission and work in SOMA. Transit within SF is kind of defective, even for that pattern. HP/Bayview would be the natural place to fix, and the third street rail/mission bay/etc. was supposed to open that up, but Bayview still appears to be the ghetto. Fixing Bayview will bring even more cries of racism/gentrification/etc. than other parts of the city, due to demographics; plus much of the available space in HP is either nuclear waste dump or dirty industrial, so it's expensive to remediate.
    - aboodman 13y ago
      I don't know what the relative numbers are by neighborhood, but I've lived here for a decade and there does seem to be a gigantic surge of construction over the last few years in "places people want to live (and work)". Not much in the mission, but all up and down market near duboce triangle, folsom, harrison... these are great locations, and I'm super excited to see the change.
    - thrownaway2424 13y ago
      There's a house in the bayview for sale for 1.4 million dollars right now, so I think the cat may already be out of the bag with respect to that neighborhood. The "cheap" neighborhoods remaining are the ones that are impossible to get to, have 24x7x365 shitty weather, and no amenities. I'm thinking of places like Sunnyside (ha!) and Crocker Amazon.

by bluthru 13y ago

fiatmoney 13y ago

To a close approximation, San Francisco won't let anyone build anything.

thrownaway2424 13y ago
Been here lately? There are over five million square feet of commercial space actively underconstruction, 20000 housing units actively under construction, and 50000 housing units permitted and in some stage of development planning.
- rdl 13y ago
  There's still the problem that most of the construction within SF is in areas where "people don't want to live", at least not "trendy" startup people. Generally 20something tech people want to live in the Mission and work in SOMA. Transit within SF is kind of defective, even for that pattern. HP/Bayview would be the natural place to fix, and the third street rail/mission bay/etc. was supposed to open that up, but Bayview still appears to be the ghetto. Fixing Bayview will bring even more cries of racism/gentrification/etc. than other parts of the city, due to demographics; plus much of the available space in HP is either nuclear waste dump or dirty industrial, so it's expensive to remediate.
  - aboodman 13y ago
    I don't know what the relative numbers are by neighborhood, but I've lived here for a decade and there does seem to be a gigantic surge of construction over the last few years in "places people want to live (and work)". Not much in the mission, but all up and down market near duboce triangle, folsom, harrison... these are great locations, and I'm super excited to see the change.
  - thrownaway2424 13y ago
    There's a house in the bayview for sale for 1.4 million dollars right now, so I think the cat may already be out of the bag with respect to that neighborhood. The "cheap" neighborhoods remaining are the ones that are impossible to get to, have 24x7x365 shitty weather, and no amenities. I'm thinking of places like Sunnyside (ha!) and Crocker Amazon.