Posted On: Monday, September 10, 2012 - 9:00am | Posted By: Kevin Koerner
Topics: Community Information | Tags: condo, development, Dogpatch, redevelopment, regentrification | Neighborhood: Bayview, San Francisco: Profile and Properties for Sale, Central Waterfront / Dogpatch, San Francisco: Profile and Properties for Sale, Potrero Hill, San Francisco: Profile and Properties for Sale
From Underdog to Wonderdog! In the formerly sleepy, industrial Dogpatch neighborhood of San Francisco, there is a hubbub of building activity. Limited-use commercial properties are being scooped up by savvy, high-rise residential developers such as Avant Housing. In fact, Avant just agreed to pay nearly $19 million for a piece of land on Tennessee Street that currently is home for some small warehouses and a Chinese restaurant. In their place, Avant will build three-hundred new condo units. Although current residents lament the influx of so many new neighbors, how can it be bad for the city overall, when there is such a lack of housing as it is? The Dogpatch is the obvious choice for developers who need to buy low and sell high, but not too high. This development will bring the total number of new units being offered in this area to 1,150.
Sources: (content) SF Curbed and San Francisco Business Times, (photo) Nathan Yergler & SF Curbed, (video) CCLRtv &YouTube