Castro Building Boom

Posted On: Wednesday, June 20, 2012 - 11:00am | Posted By: Kevin Koerner
Topics: Community Information | Tags: affordable housing, bank, Bank of the West, breaking ground, building boom, castro, city, construction, development, financing, groundbreaking, luxury, Market Street, new construction, Octavia, permitting, projects, Restaurants, retail, san francisco | Neighborhood: Buena Vista / Ashbury Heights, San Francisco: Profile and Properties for Sale, Duboce Triangle, San Francisco: Profile and Properties for Sale, Eureka Valley/Dolores Heights, San Francisco: Profile and Properties for Sale

After years of no noticeable new construction in San Francisco’s Castro neighborhood, six separate building projects are in various stages of permitting, groundbreaking, and construction. All along Market Street, from Octavia to Upper Market, seeds planted in 2007 are beginning to sprout, thanks to newly available financing and expedited city approval. Over the next two to three years, these developments will produce hundreds of units in place of derelict gas stations, empty lots, and burned shells. In the mix will be both affordable condos in in the $200,000 range, luxury units at a higher price point, ground-floor retail, restaurants, and a bank branch. Look for the first new leaves to turn over in early 2013.

Sources: Edge San Francisco

Kevin Koerner

Kevin Koerner has been a San Francisco Real Estate Agent since 2001.
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